Tighter capacity should prove a tailwind for Werner and its peers in the first half of 2018.
Full-truckload carrier Werner Enterprises’ second-quarter revenue (excluding fuel) grew 2% relative to the same period last year, mostly in line with our expectations. The overall increase stems from slightly better demand conditions and modest improvement in truckload spot rates, partly offset by the loss of a customer in the asset-light logistics unit. The broader truckload shipping industry has been grappling with abundant capacity and soft pricing over the past year, but Werner’s results sug...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.
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