Werner Enterprises Inc. said that its operating revenues increased 6% to $362.3 million and its net income increased 20% to $19.9 million in second quarter 2002.
"Our freight demand for second quarter ranged from flat to slightly better compared to the same period a year ago," said chairman & CEO Clarence (C.L.) Werner.
Werner said the company has increased its revenue per total mile by 3.5% compared to second quarter 2002, and has increased its operating margin from 8% of revenues to 8.7%.
The company said it is also continuing testing of the new truck engines, in particular the Caterpillar ACERT engines and the Detroit Diesel EGR engines. Werner has not made any final decisions on its engine purchases for 2004, thought it will take delivery of approximately 325 model year 2004 trucks with Caterpillar ACERT engines in the third quarter.