Werner Enterprises

CEO Leathers says Werner ‘acting decisively’ after red-ink quarter

Coming off a quarter with not just a net loss but an operating deficit as well, Werner Enterprises CEO Derek Leathers tackled a performance that he said “clearly did not meet our expectations.”

“We faced several challenges during the quarter, some industry-wise, some specific to Werner, but we are acting decisively to address them,” he said. In post-market trade, Werner (NASDAQ: WERN) stock was down as much as 5%, and it’s down about 25% in the past three months. 

A summary of the company’s key...

https://www.freightwaves.com/news/ceo-leathers-says-werner-acting-decisively-after-red-ink-quarter

First look: Net loss at Werner upends expectations of positive EPS

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

Trucking execs see green shoots as industry awaits upturn

Signs that a freight recovery may be taking shape continue to surface, said trucking executives on the investor conference circuit this week. The overall sentiment is that the truckload industry is no longer in a recession and that normal seasonal trends have returned, but no one is ready to commit to when a meaningful positive inflection will occur.

“We know we’re coming off the bottom of the market,” Drew Wilkerson, CEO at truck broker RXO (NYSE: RXO), told investors at Citi’s 2025 Global...

https://www.freightwaves.com/news/trucking-execs-point-to-green-shoots-as-industry-awaits-upturn

Los ejecutivos de camiones ven brotes verdes mientras la industria espera la mejora

Los signos de que una recuperación de carga puede estar tomando forma continúa a la superficie, dijeron que los ejecutivos de camiones en el circuito de la conferencia de inversores esta semana. El sentimiento general es que la industria de la carga de camiones ya no está en una recesión y que las...

https://fullavantenews.com/los-ejecutivos-de-camiones-ven-brotes-verdes-mientras-la-industria-espera-la-mejora/?lang=es

Werner optimistic after tough Q4

Management from Werner Enterprises noted some green shoots on a Thursday quarterly call but the period was marred by unfavorable claims developments.

Werner (NASDAQ: WERN) reported fourth-quarter adjusted earnings per share of 8 cents after the market closed, 14 cents below the 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.

The company said the “unprecedented rise in verdicts and...

https://www.freightwaves.com/news/werner-optimistic-after-tough-q4

First look: Liability claims sink Werner’s Q4

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

Why Susquehanna is getting bullish on trucking

The truckload market enters 2025 showing signs of stabilization after nearly three years of freight recession. While earnings remain depressed across the sector, Susquehanna analyst Bascome Majors sees reasons for optimism that the industry is poised for recovery over the next two years. In a Friday client note, Majors writes that “tangible signs of progress are still incremental – a holiday peak with seasonal lifts in tender rejection rates and slightly super-seasonal dry van spot rates,...

https://www.freightwaves.com/news/why-susquehanna-is-getting-bullish-on-trucking

Werner case at Texas Supreme Court: Did driver fail to perform a legal ‘duty’?

Arguments in briefs submitted in the ongoing Werner Enterprises nuclear verdict case in Texas have tended thus far to focus on legal questions such as whether various precedents should have done more to protect the truckload carrier from the giant judgment for a horrific crash that took place almost exactly 10 years ago.

But when the case went before the full Texas Supreme Court on Tuesday, oral arguments by Werner’s lead appellate attorney and his counterpart on the plaintiffs’ side went right...

https://www.freightwaves.com/news/werner-case-at-texas-supreme-court-did-driver-fail-to-perform-a-legal-duty

FMCSA’s CDL rule will be test for safety, freight capacity

WASHINGTON — How effective a new CDL requirement is at keeping the roads safer from drug and alcohol abusers could hinge on the ability of individual states to implement the change that will affect tens of thousands of truck drivers.

The new requirement, referred to by the Federal Motor Carrier Safety Administration as Clearinghouse II and scheduled to take effect Monday, will immediately revoke the driving privileges of close to 200,000 CDL holders, based on the latest Drug & Alcohol...

https://www.freightwaves.com/news/fmcsas-cdl-rule-will-be-test-for-safety-freight-capacity

Trucking groups and others take renewed stab at tort reform in Texas

Texas’ trucking sector heralded the enactment of a law in 2021 as a big victory in its fight against nuclear verdicts, typified by a huge award against Werner Enterprises (NASDAQ: WERN) in the Lone Star State.

But just a few years later, the impact of the law, HB 19, is generally seen as a bust for the trucking industry’s attempts to fend off large judgments, whether or not they cross the $10 million nuclear verdict dividing line.

That disappointment has spurred a new effort to change the law...

https://www.freightwaves.com/news/trucking-groups-and-others-take-renewed-stab-at-tort-reform-in-texas

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