For Werner, it’s 11 solid quarters in a row
Jul 16, 2004 1:25 PM, from staff and wire reports
Werner Enterprises Inc, the Omaha NE-based truckload transportation company, reported its 11th consecutive year-over-year quarter of higher operating revenues and earnings for the second quarter ended June 30, 2004.
Operating revenues increased 13% to $411.1 million, compared with $362.3 million in second-quarter 2003. Net income rose 9% to $21.6 million, versus $19.9 million in second-quarter 2003. Earnings per share for second quarter 2004 were 27 cents per share, or 10% higher than the 24 cents per share in second-quarter 2003.
“Freight demand and pricing continued to strengthen in second quarter as truckload industry capacity struggled to keep up with an improving freight economy,” said Clarence “C L ” Werner, chairman and chief executive officer.
