Werner Enterprises’ announced that CL Werner, its founder and executive chairman, has stepped down as executive chairman. Werner is expected to remain as chairman through the end of his term ending May 2021.
Carriers shift to road experience as entry-level applications drop off.
Truckload and transportation companies talk freight markets ahead of reopening with some calling a market bottom in April as spot rates remain below breakeven.
FreightWaves President George Abernathy interviews President and CEO of Werner Enterprises Derek Leathers to discuss the pandemic, the economy and technology.
Zach and Anthony review some of the latest company earnings and a major economic releases which have yet to reveal the full story of the COVID-19 impact on the freight economy.
Favorable customer mix to make Werner’s truckload model a little more defensive through the downturn.
Werner believes its consumer-heavy shipper base will allow the company to ‘more effectively manage through’ the downturn.
Aperia has launched a virtual training and support program for its tire inflation system to help fleets continue proper tire maintenance. Plus, diesel prices drop, Werner president talks trucking, and Earth Day brings somber reminders.
Coalition says legislation would help ensure flow of new drivers.
CarrierDirect’s Ryan Schreiber has spoken with leaders in the logistics and transportation industries and gives recommendations about how to lead your company and help your employees and customers during these challenging times.
Most companies are right near the 25% decline in the market since February 1.
As Daimler and Volvo leverage their global capabilities for battery-powered trucks in California, PACCAR picks Dana and Meritor as systems suppliers for its medium- and heavy-duty electric trucks.
Truckload carrier heads talk demand, rates and capacity at investor conference.
Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.
After making four investments totaling $12 million in electric truck systems supplier TransPower, Meritor is acquiring the rest of the company.
Add Werner Enterprises to the parade of companies testing battery-powered heavy-duty trucks in California.
Database of test results seen as rate booster while unseated trucks pose risk to operations.
Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
Truckload stocks get an upgrade at Goldman Sachs. Analyst cites “bottoming” fundamentals and the likelihood that the trucking downturn is nearing the midway point as reasons for the upgrade.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
