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Stock impact report

Werner Grapples With Weak Freight Market and Rising Expenses [Yahoo! Finance]

Werner Enterprises, Inc. (WERN) 
Last werner enterprises, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.werner.com
Company Research Source: Yahoo! Finance
Werner Enterprises WERN is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Werner is suffering from weak freight demand. Freight conditions remained a challenge, with pressures on supply chains continuing to affect the industry. Conditions started to tighten due to disruptions caused by hurricanes, which exacerbated supply-chain delays and reduced the availability of shipping capacity, impacting freight rates and logistics. As a result of the weakness in the freight market, management gave a bearish 2024 guidance regarding the Truckload Transportation Services (TTS) segment. For 2024, Werner now anticipates TTS truck growth to decline in the range of 8-6% (prior view: decline 6-3%). High operating expenses are hurting WERN's bottom line, challenging its financial stability. The surge in operating expenses was caused by increased labor and fuel costs. In the third quarter of 2024, labor costs, comprising salaries and bene Show less Read more
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