Werner's Growth Will Moderate in 2019 as Rates Normalize, but Solid Execution to Persist
Full-truckload specialist Werner Enterprises’ fourth-quarter revenue before fuel surcharges expanded roughly 13.5% year over year, largely in line with our expectations. Relative to the same period last year, total top-line growth came from historically tight truckload-market capacity throughout much of 2018, which significantly boosted Werner’s dedicated-truckload opportunities (for example, fleet conversions) while supporting a robust contract pricing backdrop. Spot rates pulled back off recor...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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