Industry Capacity Incrementally Firms and Spot Pricing Rebounds Nicely in Werner’s Third Quarter
Full-truckload carrier Werner Enterprises’ third-quarter revenue (excluding fuel) increased 4% year over year, mostly in line with our expected run rate for 2017. The increase was driven by much-improved spot rates, modest fleet growth, and rising fuel surcharges in the core truckload unit, partly offset by lower logistics revenue linked to the previous loss of a freight management customer.ÂFreight demand and pricing conditions across the full-truckload shipping landscape are showing progress ...
Werner Enterprises is a transportation and logistics company engaged primarily in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The company has two reportable segments: Truckload Transportation Services, which includes the medium-to-long-haul van fleet that transports a variety of consumer nondurable products and other commodities in truckload quantities over irregular routes using dry van trailers, the expedited fleet that provides truckload services, and the regional short-haul fleet that provides truckload van service across the U.S; and Werner Logistics, which is a non-asset-based transportation and logistics provider.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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