Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
In this edition: The Inbound Logistics annual survey results have been released, and Werner celebrates 25 years in Mexico.
This week in Borderlands: Werner marks 25 years of operations in Mexico; Diehl Aviation investing $49 million to build factory in Mexico; TCA adds Olympic Transport as first Mexican carrier member; and South Texas getting new cold storage warehouse near border.
In this edition: Warehouse study outlines key challenges; Hurricane Beryl makes landfall; and Werner is back on the union front.
Sustainability reporting is quickly shifting from a voluntary initiative to a mandatory undertaking. Strong relationships with transportation and logistics providers are going to be more important than ever.
A recent Flock Freight survey reports 43% of truckload orders were partially empty, highlighting ongoing challenges for trailer space utilization.
Mexico is expected to continue to win business – and grab headlines – as the well-documented and ongoing nearshoring trend continues.
Werner dedicates itself to helping shippers navigate the challenges and opportunities of today’s market, making it an ideal carrier for those looking to be on the front lines of the future of transportation.
Werner recorded a Q4 earnings miss as low rates, excess capacity and lower truckload demand weigh down its one-way truckload business. Dedicated remained a bright spot with management looking to grow in the coming months.
The changing freight media landscape was on full display at the F3: Future of Freight Festival last week in Chattanooga Tennessee, as influencers, salespeople, presenters and executives intermingled during and after the events.
At a Morgan Stanley investor conference Tuesday, trucking executives predicted a muted peak season after acknowledging the industry is in the midst bottom of the freight cycle while hoping for some improvement in 2024.
Less than 2 weeks after representation election, UFCW already charging regional truckload carrier ECM with actions that may be retaliation. (Photo: LFCW)
Outbound tender volumes will continue to rise out of Texas; spot rates expected to remain around $2.30 per mile
On Thursday, self-driving trucking company Kodiak Robotics and Pilot Co. opened their first truckport for autonomous vehicles at the Pilot Travel Center in Villa Rica, Georgia. According to the news release, the truckport will be used by Kodiak to launch and land its autonomous trucks and serve as a hub for drivers to pick and drop off loads for first- and last-mile deliveries.
Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.
Werner Enterprises announced Thursday that Christopher Wikoff will succeed John Steele as the company’s chief financial officer.
Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.
On Tuesday, FreightWaves interviewed Werner Chief Information Officer Daragh Mahon about the company’s recent partnership with Samsara, diving into how AI and updated legacy systems are transforming Werner’s 8,500-truck fleet.
Werner reported revenue of $836 million in the quarter and sees a strong “pipeline” of demand from customers for the remainder of the year.
The transportation and logistics industry is still dealing with the residual effects of the pandemic, including accelerated technological advances, a tough labor market and an inconsistent supply chain.
