Werner Enterprises missed second-quarter expectations Thursday and said the third quarter presents a challenge as pricing on another 25% of its contracts will be renewed, most with lower rates.
On a call with analysts, management said there was slight improvement in the middle of June and the level was held through July. It is hopeful for a seasonally normal fourth quarter, noting most customers have indicated their inventories have already been corrected.
Werner (NASDAQ: WERN) reported...
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