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
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US:NASDAQ Investor Relations:
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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
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WERN
News
- Werner Enterprises to Release Fourth Quarter and Full Year 2024 Earnings and Host Earnings Call on February 6, 2025Business Wire
- Werner Enterprises (NASDAQ:WERN) Is Reinvesting At Lower Rates Of Return [Yahoo! Finance]Yahoo! Finance
- Werner (WERN) Up 8.5% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Werner nuclear verdict case in Texas is hugely significant, says attorney at F3 [Yahoo! Finance]Yahoo! Finance
- Fleet Defender, Platform Science, and Werner® Collaborate to Deploy Neural Sentinel for Real-Time Cybersecurity and Safety Monitoring Across Entire Fleet [Yahoo! Finance]Yahoo! Finance
WERN
Earnings
- 10/29/24 - Miss
WERN
Sec Filings
- 12/6/24 - Form 8-K
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- WERN's page on the SEC website