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1/29/2013 8:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Werner’s 4Q Net Income Falls


Tom Biery/Trans Pixs

Werner Enterprises said its fourth-quarter net income fell 12% from a year ago because of  softer freight demand.

 

Net income declined to $26 million, or 35 cents per share, from $29.3 million, or 40 cents, a year ago.

 

Revenue was little changed at $509.7 million, the truckload carrier said.

 

The downturn resulted from the “sluggish freight trend experienced in the latter half of third-quarter 2012,” Werner said.

 

Werners “customers generally chose to keep their inventory levels leaner in a market with economic and political uncertainty,” the carrier said.

 

Werner Enterprises is ranked No. 11 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

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