Werner's Revenue, Earnings Down in 3Q

Discussion in 'Werner' started by rookietrucker, Oct 20, 2009.

Oct 20, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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Werner's Revenue, Earnings Down in 3Q

Werner Enterprises, Omaha, Neb., posted weak revenues and earnings for the third quarter, a reflection of the continued challenging freight market and competitive pricing, the company says.

Revenues were down 27 percent to $429.3 million in the third quarter, versus $584.1 million in the year-ago quarter. Meanwhile, earnings per share fell 16 percent to 26 cents, compared to 31 cents per share in the third quarter of 2008.

Trucking revenues for the transportation and logistics company fell 13 percent, landing at $319.3 million, while the year-ago quarter saw trucking revenues of $367.4 million.

more here>> Werner's Revenue, Earnings Down in 3Q

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rookietrucker, Oct 20, 2009

rookietrucker, Oct 20, 2009

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