• ITVI.USA
    16,030.520
    117.340
    0.7%
  • OTLT.USA
    2.809
    0.016
    0.6%
  • OTRI.USA
    22.220
    -0.080
    -0.4%
  • OTVI.USA
    16,016.550
    115.560
    0.7%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    16,030.520
    117.340
    0.7%
  • OTLT.USA
    2.809
    0.016
    0.6%
  • OTRI.USA
    22.220
    -0.080
    -0.4%
  • OTVI.USA
    16,016.550
    115.560
    0.7%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
American ShipperShippingTrade and Compliance

Werner profits stall due to ‘challenging’ market in 2016

The truckload transportation and logistics provider’s net income for the year tumbled 36 percent to $79.1 million compared with 2015 as revenues slipped 4 percent to just over $2 billion, according to the company’s most recent financial statements.

   Werner Enterprises saw its profits tumble 36 percent to $79.1 million for the full year in 2016 compared to the previous year, according to the company’s most recent unaudited financial statements.
   The Omaha, Neb.-based transportation and logistics provider’s diluted earnings per share (EPS) fell from $1.71 in 2015 to $1.09 per diluted share in 2016.
   Werner attributed the sluggish results to a “challenging freight and rate year for our truckload and logistics business segments.”
   Total revenues for the year slipped 4 percent year-over-year to just over $2 billion.
   Operating income in Werner’s truckload (TL) transportation services segment dropped 4 percent from 2015 to $107.7 million, while the company’s logistics division saw operating income jump 23 percent to $20.7 million. TL revenues fell 7 percent year-over-year to $1.53 billion, while logistics revenues rose 6 percent to $417.2 million.
   The company achieved an operating ratio of 92.2 percent in the TL segment, a 5.5 percentage point increase from the previous year, and 95 percent in the logistics segment, a 0.7 percentage point reduction from the full year in 2015.
   “Our financial position remains strong,” the company said. “As of December 31, 2016, we had $180.0 million of debt outstanding and $994.8 million of stockholders’ equity.”

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