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Nebraska-based trucking and logistics company Werner Enterprises has reported a decline in net income for the fourth quarter and all of last year.
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The Federal Motor Carrier Safety Administration’s newest enforcement tool is a shutdown order for carriers that flagrantly disregard the safety rules. Under a final rule to be posted this week, the agency can suspend or revoke the authority of willful repeat violators, and impose civil or criminal penalties.
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Nebraska-based truckload fleet Werner Enterprises reported a drop in its third quarter profit amid just a slight increase in business, noting that hours of service rules changes that took effect in July negatively impacted miles per truck by 2% to 3%.
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Werner Enterprises saw its total revenue fall 3% to $506.6 million in the second quarter compared to last year, while net income dropped 16% to $25.8 million. A cold, wet April was the primary culprit.
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Slowly but steadily, freight demand is growing, said Derek Leathers, president and COO of truckload carrier Werner Enterprises, speaking at the ALK Transportation Technology Summit Wednesday.
Read More →While Omaha, Neb.-based Werner Enterprises is hardly in any danger of going into the red, it didn’t pull in as much money in the first quarter of the year as it did during the same time in 2012, thanks to tougher winter weather conditions.
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The driver shortage is already intensifying, with the number of both new and experienced driver applicants down over the last couple of months, as economic signs lead to improved optimism about increases in freight and rates this year, according to a panel discussion of three major truckload executives Tuesday at the Truckload Carriers Conference annual convention in Las Vegas.
Read More →Meritor celebrated its 10 millionth trailer axle made in North America at its Frankfort, Ky. manufacturing facility.
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