Werner Enterprises Inc. reported today that its operating revenues and net income increased in the first quarter, which ended March 31.
Werner's operating revenues increased 11% to $347.2 million compared to $312.6 million in first quarter 2002. It's net income rose 11% to $11.8 million compared to $10.6 million in first quarter 2002.
"Considering the difficult operating conditions we faced during first quarter, I am pleased with our performance," said chairman and CEO Clarence (C.L.) Werner.
Werner said the carrier's first-quarter challenges included a lackluster freight environment and record-high fuel prices. However, Werner added that the company saw improvements in both areas as the quarter ended.
