Werner Enterprises publishes second quarter results

US fleet Werner Enterprises has reported a drop in revenue for the second quarter of 2013. 

According to Werner, freight demand improved and seasonally strengthened during May and June 2013, and was comparable to the same time last year. Total revenue for the three months ended on June 30th was $506,648 (€384,144) – down three per cent compared to Q2 2012. Net income fell 16 per cent to $25,840 (€19,592).

Meanwhile, the average revenue per total mile, net of fuel surcharge, rose 1.6 per cent in said timeframe compared to 2012, while base rate increases showed modestly positive momentum as second quarter 2013 progressed.

“We believe there are several truckload capacity constraints including an older industry truck fleet, the higher cost of new trucks and trailers, significant safety regulatory changes and a challenging driver market,” the company said.

“[But] we continue to invest in equipment solutions such as more aerodynamic truck features, idle reduction systems, tire inflation systems and trailer skirts to improve the mile per gallon efficiency of our fleet.”

According to Werner, freight demand in July 2013 is comparable to the same period in July 2012, with typical seasonal demand trends in the first three weeks of July.

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