Werner Enterprises

In today’s newsletter: Enterprise carriers race to innovate; Component shortage delays electric vehicles; ATRI top truck bottlenecks of 2021. Enterprise carriers race to innovate by embracing new technologies and partnerships Trucking companies are racing to catch up to the technological disruption brought by digital load boards and freight tech offerings. For large enterprise carriers, there […]

Difficulties finding trailers is starting to rival the effects of the driver shortage at the nation’s largest fleets.

Werner Enterprises triples the size of its final-mile offering with the addition of Northeast-based Nehds Logistics.

Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.

Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.

A rule requiring vaccines for employees, or weekly testing for workers declining vaccination, at companies with staff of 100 or more gets emergency stay.

Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.

Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.

Small carriers are opting to bring only a power unit to a brokered transaction.

More trucking heads weigh in on rate expectations for 2022. Following a sizable rate bump this year, it appears that rates could move considerably higher again next year.

Rate predictions for the truckload market are coming in earlier than in past years. High consumer demand along with a lack of drivers and equipment has industry participants calling for further increases.

Werner claims it will face a “significant burden” if regulators do not provide more flexibility in how truck driver licenses are issued.

A 3-judge panel was ready to rule on the carrier’s appeal, but a larger group of judges will now render an opinion.

The Omaha, Nebraska-based transportation and logistics provider reported second-quarter adjusted earnings of 86 cents per share.

Cummins is working with Air Products to convert about 2,000 trucks fore the world’s largest maker of hydrogen. gas

Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.

Heartland Express records its best consolidated operating ratio since its last acquisition was fully integrated.

Transportation and logistics provider Werner Enterprises announced it has acquired an 80% equity stake in ECM Transport Group for $142.4 million. Werner has the option to purchase the remaining 20% of the 500-truck fleet after five years.

Commentary from trucking executives at an investor conference suggests the capacity crunch may last well into next year.

Werner Enterprises CEO Derek Leathers says electrification and other technologies are coming quickly to trucking, and he wants his company out front.

TuSimple’s autonomous trucks cut 42% off delivery time for a load of watermelons for Los Angeles-based produce giant Giumarra Cos.

HP is shipping a weekly load of computer printers on supervised robot semis from Embark Trucks, which is growing its partner network.

Werner Enterprises announced Tuesday the board approval of a planned transition that moves its founder, CL Werner, to chairman emeritus, with CEO Derek Leathers becoming chairman.

Truckload shippers are accepting double-digit rate hikes in 2021 and further increases in 2022, Deutsche Bank’s lead transport analyst says.

As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.

Werner Enterprises reported a first-quarter record for operating income Wednesday after the close. Revenue-per-mile guidance in its one-way segment moved higher.

Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.

TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..

Startup self-driving truck software-maker Embark Trucks sees itself at the center of an autonomous ecosystem driven by fleet and logistics partners.

SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.

As a federal definition of an independent contractor moves toward resolution, ongoing litigation could be affected by what the Biden administration finally announces.

TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.

With recent financing from major fleets, TuSimple eschewed the blank check company frenzy to chart its own course to public trading.

In today’s edition of The Daily Dash, Werner expects the winter weather to impact Q1 earnings. Plus, J.B. Hunt and Google are teaming up for product development, and Walmart will invest billions of dollars in e-commerce.

Werner Enterprises modestly lowered earnings expectations for the first quarter of 2021 due to downtime caused by recent winter storms. The company expects no change to the tight capacity dynamic for some time.

On podcast, Amit Mehrotra of Deutsche Bank looks over the reports for the last quarter of last year

In today’s edition of The Daily Dash, a lawmaker would like to make COVID vaccines available at a truck stop chain; the future of trucking regulations; and why is trucking employment falling?

A Wall Street research firm calls the performance “remarkable.”

U.S. Xpress will become the latest carrier to adopt Platform Science’s technology platform, allowing it to deploy third-party and custom apps without the need for added hardware.

Another issue in the earlier trial: Did the driver blow his horn?

In today’s edition of The Daily Dash, Landstar sees a cooling freight market in the second half of 2021. Plus, the Biden administration may consider regulating driver detention, and Werner sells its freight forwarding business.

The new owner of the ocean/air forwarding unit is far bigger in the field than Werner.

FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.

Autonomous trucking company TuSimple establishes a high-powered executive advisory board; takes equity investments from Werner Enterprises and Schneider.

FMCSA’s safety advisory committee for 2021 adds two trucking companies and four women.

USA Truck will deploy Trucker Tools’ Smart Capacity solution, while Penske adds tracking solution as Trucker Tools continues to add large transportation partners to its platform.

Most companies have women now, but a second rule would deal with diversity or sexuality.

Navistar makes connected vehicle solutions maintenance standard for five years on all International Trucks on-highway models beginning Dec. 15.

Elevated demand and tight capacity have highlighted the trucking market for a few months now. Recent data points and commentary suggest this dynamic may not abate anytime soon.

Truck drivers and other transportation workers deemed “essential” by the U.S. government could be among the first to receive a COVID-19 vaccine if supplies are limited.

Recent data points as well as updates from retailers suggest this inventory restocking cycle may take a few quarters to fix, meaning the current supply-demand dynamic in trucking could linger.

Werner Enterprises is adding Mastery Logistics Systems’ MasterMind TMS, continuing a trend of adopting leading-edge technology solutions.

In today’s edition of The Daily Dash, spot rates could be heading higher yet again. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.

Trucking executives were on hand at Stephens Annual Investment Conference this week, making it known that this cycle is different and that the current market dynamics are here for a while.

From trains to trucks to data centers, Cummins Inc. sees $400 million in revenue from hydrogen-making electrolyzers in 2025 as it pursues green hydrogen from renewable sources like solar and wind instead of gray hydrogen made from natural gas.

Engine maker Cummins is working with Navistar to develop a Class 8 hydrogen fuel cell truck that carrier Werner Enterprises will put through its paces as fuel cells continue to find favor in the future of long-haul trucking.

No more need to build information technology from the ground up when available cloud-based solutions can cheaply and efficiently modernize a trucker’s operation, experts tell the FreightWaves LIVE @HOME audience.

Platform Science’s Remote Platform Management products are now available on Samsung’s ruggedized Galaxy Tab Active devices, giving trucking fleets mobile device options with full functionality.

In today’s edition of The Daily Dash, shippers want to know how a broker transparency rule would impact them. Plus, Schneider and Werner are among those reporting earnings and carriers weigh in on the election.

Werner Enterprises sees the current tightness in the truck market continuing into 2021 as inventory restocking will take multiple quarters to accomplish and drivers are in short supply.

Werner Enterprises’ third-quarter result comes in ahead of analysts’ forecasts.

Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.

Former FMCSA administrator previously acknowledged getting participants could be difficult.

Platform Science has announced an integration with McLeod Software, giving LoadMaster customers access to Platform Science’s technology solutions.

Carriers, logistics businesses and technology providers make the cut in 2020.

Werner’s Leathers said some customers struggling to get product in time for peak.

Deutsche Bank’s Amit Mehrotra becomes increasingly bullish on the future of trucking. The analyst is forecasting earnings growth at the publicly traded carriers much higher than that of his peers.

Strong spot market fundamentals and low inventories prompt UBS analyst Tom Wadewitz to raise truckload carriers’ earnings estimates for the second half of 2020.

Declines in Cass freight data continue to outpace the industry by a considerable margin. The firm sees improved results on the horizon.

Werner seeing 10 times greater rate of positive tests using hair versus urinalysis.

OOIDA warns suspending federal excise tax would hit Highway Trust Fund.

Improving demand and truckload fundamentals are expected to drive third-quarter growth. The carrier’s growing cash balance garners some attention.

Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.

Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.

Heartland Express announced the family trust of founder and current CEO will sell up to $76.9 million in stock. The family will still hold roughly 40% of the company’s outstanding stock following the transaction.

Ryder System has added Trucker Tools carrier engagement and freight-matching tools to its brokerage operation.

In today’s edition of The Daily Dash, other states may follow California’s lead in mandating electric-truck sales, danger is a good reason to ignore HOS rules, and funds flow into electrification

Several other companies cited in overall bullish report

Werner’s final-mile service uses a proprietary software platform that allows for fully automated, high-volume delivery of heavy goods, according to the truckload carrier.

Werner sought hours-of-service exemption to help company upgrade its in-cab telematics.

Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.

CEO and President Derek Leathers to usher in the next era for Werner Enterprises as founder CL Werner plans exit.

Werner Enterprises is adding predictive freight matching and real-time shipment visibility tools as part of a broader introduction of Trucker Tools technology into its operation.

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.