Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/21/2010 5:20:00 PM Write a Letter to the Editor Write a letter to the Editor

Werner’s 2Q Income Improves


Tom Biery/Trans Pixs

Werner Enterprises said late Wednesday its second-quarter profit rose, as freight shipments strengthened and overall industry capacity fell.

Net income improved to $20.9 million, or 29 cents a share, from $12.7 million, or 18 cents, a year ago. Revenue rose 15% to $463.5 million.

“More of the improvement in the freight market over the last six months can be attributed to a decreasing supply of truck capacity rather than rising demand,” Werner said, adding that “both factors are helping the freight market improve.”

Freight shipment load counts continued to strengthen throughout each month of second quarter, following growth earlier this year, the company said.

Average revenues per total mile increased 2.2% from a year ago, and 2.3% sequentially from first quarter of this year.

Werner Enterprises is ranked No. 14 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2010, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement