Werner's revenues grow

July 17, 2003
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
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.

About the Author

Tim Parry

Tim Parry is a former FleetOwner editor. 

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...