Werner tallies 'another excellent quarter'
Werner Enterprises Inc, the Omaha NE-based truckload transportation company, reported improved operating revenues and earnings for the first quarter ended March 31, 2005.
Operating revenues increased 18% to $455.3 million compared with $386.3 million in first quarter 2004. Net income climbed 28% to $19.9 million versus $15.6 million in first quarter 2004. Earnings per share for first quarter 2005 were $0.25 per share, or 29% higher than the $0.19 per share earned in first quarter 2004.
"I am pleased to report another excellent quarter," said Clarence "C L" Werner, chairman and chief executive officer. "Our Werner Enterprises operating model and the outstanding contributions of our drivers, owner-operators, and non-driver employees produced record results. Compared to the abnormally strong freight and pricing market in first quarter 2004, demand for our services and pricing remained strong in first quarter 2005. For the first few weeks of April, freight demand is solid and is trending consistent with normal seasonal freight volumes."
