Werner Enterprises posted an unexpected loss in Q1.
- Werner posted a net loss of $10.2 million for the quarter. A year ago, it made $6.2 million in the first quarter. Net income in the fourth quarter was $11.6 million. It also posted an operating loss of $5.8 million, compared to an operating income a year earlier of $15.6 million.
- In comments that accompanied the release of earnings, CEO Derek Leathers said the results were “below our expectations due to elevated insurance costs, extreme...
https://www.freightwaves.com/news/first-look-net-loss-at-werner-upends-expectations-of-positive-eps