Freight market pressured again in May, Cass data shows [Yahoo! Finance]
Werner Enterprises, Inc. (WERN)
Last werner enterprises, inc. earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
Shipments in May were flat with April but down 5.8% year over year (y/y). The y/y decline was 1.8 percentage points more pronounced than in April, and when adjusting for seasonal trends, the shipments index was off 3.1% sequentially to a 46-month low. The Monday report noted “ongoing softness in for-hire demand” as loads normally pegged for the for-hire market are being insourced by private carriers. It also said shippers consolidating less-than-truckload shipments into single truckload moves is weighing on the index. “The Cass data set has considerable LTL mix, and LTL shipments have been consolidated into truckloads at an outsized pace over the past year,” the report said. The y/y decline in shipments during May was nearly double the drop previously forecast . The index is now expected to decline 4% y/y in June, with a “similar decline for the full year.” The call issued just two months ago was for the index to turn positive by June May 2024 y/y 2-year m/m m/m (SA
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WERN
News
- Werner® Wins 2024 Top Supply Chain Projects Award for AI-Powered Dynamic Pricing Engine [Yahoo! Finance]Yahoo! Finance
- Werner® Wins 2024 Top Supply Chain Projects Award for AI-Powered Dynamic Pricing EngineBusiness Wire
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Evercore ISI from $35.00 to $33.00. They now have an "in-line" rating on the stock.MarketBeat
- Werner Enterprises to Announce Second Quarter Earnings and Host Earnings Call on July 30, 2024Business Wire
- Werner Enterprises, Inc. (NASDAQ: WERN) had its "negative" rating re-affirmed by analysts at Susquehanna. They now have a $27.00 price target on the stock, down previously from $32.00.MarketBeat
WERN
Earnings
- 4/30/24 - Miss
WERN
Sec Filings
- 5/30/24 - Form 8-K
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- WERN's page on the SEC website