Like other carriers that have reported fourth-quarter results, Werner Enterprises expects to see a better freight market by the back half of 2023.
The company’s outlook calls for a “relatively muted economic backdrop,” but management believes that as customers work through excess inventories and truck capacity continues to leave the market, truckload fundamentals will firm.
“Retail inventories are tough because, holistically, there are still issues out there and there are still people...
Strong freight rates helped carrier Werner Enterprises achieve its eighth consecutive quarter of record quarterly earnings per share and contributed to a 29% jump in total revenue to $836 million.
Werner (NASDAQ: WERN) reported second quarter adjusted earnings per share of 87 cents, a 1% increase over the same period in 2021. Second-quarter revenue beat consensus Wall Street expectations of $792 million but missed on the earnings-per-share estimate of $1.02.
Derek Leathers, chairman, president...
https://www.freightwaves.com/news/werner-second-quarter-revenue-rises-on-strong-demand
By Danny Lilley, VP and Chief Technology Officer, Werner Enterprises
As we enter the second half of 2022, the transportation and logistics industry is still dealing with the residual effects of the pandemic, including accelerated technological advances, a tough labor market and an inconsistent supply chain.
In addition to these challenges, carriers are also facing a shift in the workplace, as the pandemic has forever altered how people work and what they look for in a long-term career...
Cyberattacks are on the rise in the logistics industry, with varying degrees of severity. In the worst cases, organizations have experienced severe outages and faced long-standing repercussions. While attacks were a concern before the coronavirus swept the globe in 2020, the pandemic — and the subsequent industry investment boom — has shed new light on logistics companies, garnering increased attention from both the general public and more malicious forces like hackers.
With an increase in...
https://www.freightwaves.com/news/zero-trust-security-creates-a-safer-supply-chain-for-all
This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit Wednesday.
FIRESIDE CHAT TOPIC: How asset-based brokerages leverage experience to meet small carrier needs.
DETAILS: Matt Parry joins FreightWaves’ Thomas Wasson to talk about how asset-based brokerages add value and access to smaller carriers’ freight networks. With decades of experience and thousands of trucks, these brokerages can provide additional benefits compared to brokerages light on digital assets in...
https://www.freightwaves.com/news/small-fleet-recap-meeting-small-carrier-needs-with-werner
The internet has changed the way every industry – and every individual – functions on a fundamental level over the past two decades. Cloud computing has been a big part of that change, and it is easy to see why. Cloud adoption enables companies across all kinds of industries to improve data exchange, increase flexibility and utilize an abundance of modern technologies to gain greater connectivity to their customers.
The transportation industry has been slower to embrace cloud computing than many...
The pandemic has made planning for 2021 extremely difficult for businesses, and shippers are no different. As they look to lock in capacity and rates for next year, several unanswered questions are complicating the process:
Management from some of the nation’s largest truckload carriers spoke recently during the Stephens Annual Investment Conference, and the conclusion they have...
https://s29755.pcdn.co/news/technology-can-help-shippers-navigate-uncertain-freight-environment
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a significant government platooning study will move forward with a California organization conducting the research. Plus, Schneider may be eyeing an acquisition, UPS’ provides a second-quarter earnings surprise and a lumber company bankruptcy means many carriers may be out thousands of dollars.
Platooning partnersThe federal government has given a truck platooning project to a California...