Werner (NASDAQ: WERN) reported fourth-quarter adjusted earnings per share of 8 cents, well shy of the 22-cent consensus estimate and 31 cents lower year over year. The number included a $19 million hit, or 22 cents per share, from unfavorable changes in liability claims.
“This is a reflection of the ongoing unprecedented rise in verdicts and litigation settlements across the industry, particularly for larger carriers,” a Thursday news release stated. “In contrast to these trends, in 2024 we...
https://www.freightwaves.com/news/first-look-liability-claims-sink-werners-q4