Werner Enterprises Inc. today reported its 2Q operating revenues increased 5% to $340.4 million compared to $322.8 million in the same period last year.
Werner's net income increased 37% to $16.6 million. Its earnings per share were 25 cents per share, or 32% higher than the 19 cents per share earned in second quarter 2001.
"We were pleased to see a strengthening of freight demand for our services during second quarter, compared to second quarter a year ago," said chairman & CEO Clarence (C.L.) Werner. "We were also pleased to make progress improving our operating margin. We are hopeful that this trend will continue."
C.L. Werner said that for most of the second quarter, daily freight volumes consistently exceeded the weaker same-day freight volumes of a year ago. This enabled the carrier to be more selective with the freight it hauled and resulted in a lower empty mile percentage, higher miles per truck, and higher revenue per mile.