Werner Enterprises Inc
NASDAQ:WERN
Werner Enterprises Inc
Founded in 1956 by Clarence L. Werner, Werner Enterprises Inc. has grown from a single truck operation into one of the leading transportation and logistics companies in North America. Headquartered in Omaha, Nebraska, the company has carved out a niche by delivering a wide array of services, ranging from dedicated fleet services to cross-border logistics into Mexico and Canada. Werner's business model is grounded in providing efficient transportation solutions, with its core operations comprising truckload deliveries and diverse logistics services. By leveraging a vast fleet of technologically advanced trucks and a robust network of logistics experts, Werner effectively ensures the seamless movement of goods across great distances, catering to numerous sectors including retail, manufacturing, and consumer packaged goods.
What sets Werner apart is its emphasis on integrating technology into its operations, making logistics not only safer but also more cost-effective. The company invests heavily in cutting-edge technologies such as artificial intelligence and telematics to optimize routing and fuel efficiency, driving both operational excellence and cost savings. Werner generates revenue primarily through its trucking segment, which accounts for the majority of its income, supplemented by its logistics services. The latter involves managing the supply chain needs of clients through warehousing, freight management, and transportation brokerage. This dual focus not only broadens its revenue streams but also positions Werner as a comprehensive solution provider in the competitive world of logistics and freight transportation.
Founded in 1956 by Clarence L. Werner, Werner Enterprises Inc. has grown from a single truck operation into one of the leading transportation and logistics companies in North America. Headquartered in Omaha, Nebraska, the company has carved out a niche by delivering a wide array of services, ranging from dedicated fleet services to cross-border logistics into Mexico and Canada. Werner's business model is grounded in providing efficient transportation solutions, with its core operations comprising truckload deliveries and diverse logistics services. By leveraging a vast fleet of technologically advanced trucks and a robust network of logistics experts, Werner effectively ensures the seamless movement of goods across great distances, catering to numerous sectors including retail, manufacturing, and consumer packaged goods.
What sets Werner apart is its emphasis on integrating technology into its operations, making logistics not only safer but also more cost-effective. The company invests heavily in cutting-edge technologies such as artificial intelligence and telematics to optimize routing and fuel efficiency, driving both operational excellence and cost savings. Werner generates revenue primarily through its trucking segment, which accounts for the majority of its income, supplemented by its logistics services. The latter involves managing the supply chain needs of clients through warehousing, freight management, and transportation brokerage. This dual focus not only broadens its revenue streams but also positions Werner as a comprehensive solution provider in the competitive world of logistics and freight transportation.
Revenue Growth: Werner reported Q3 revenue of $771 million, up 3% year-over-year, with Logistics revenue rising 12%.
Earnings: Adjusted EPS was negative $0.03, with a significant legal settlement and related costs impacting GAAP EPS by $0.26.
Margin Pressure: Adjusted operating margin fell to 1.4%. TTS adjusted margin dropped 340 basis points to 1.9%, mainly due to higher insurance and startup costs.
Cost Savings: The company achieved $36 million of its $45 million 2025 cost savings goal by Q3 and expects to fully reach the target by year-end.
Fleet & Production: Dedicated fleet and revenue grew, while One-Way fleet size and productivity declined but began rebounding in October.
Market Outlook: Spot rates improved late in Q3; enforcement actions are tightening capacity, with potential for upside in rates during peak season.
Guidance Updates: Full-year fleet growth guidance was lowered to down 2% to flat; capex and equipment gains guidance ranges were narrowed.
