OMAHA, Neb.--(BUSINESS WIRE)--Sep. 16, 2013--
Werner Enterprises, Inc. (NASDAQ:WERN) ("Werner"), one of the nation's
largest transportation and logistics companies, announced today that,
based on factors known as of the date of this release, it expects
earnings per diluted share for the quarter ending September 30, 2013 to
be in the range of 27 cents to 30 cents.
Significant factors affecting earnings per share in third quarter 2013
compared to third quarter 2012 include (i) lower gains on sales of
equipment, (ii) lower miles per truck, primarily in certain dedicated
fleets, due to the July 2013 government-mandated changes to the driver
hours of service rules, (iii) start-up costs related to new dedicated
fleets, (iv) higher equipment and maintenance costs with most of the
company truck fleet now consisting of trucks with 2010-standard engines,
and (v) rising driver related costs. Cost increases are currently
exceeding rate increases. In the last five weeks, Werner experienced
improvement in freight demand compared to softer freight demand trends
in the same period a year ago, which it attributes to normal seasonal
improvement, slightly tighter capacity due to the hours of service
changes, and slightly improved customer demand.
Werner Enterprises, Inc. was founded in 1956 and is a premier
transportation and logistics company, with coverage throughout North
America, Asia, Europe, South America, Africa and Australia. Werner
maintains its global headquarters in Omaha, Nebraska and maintains
offices in the United States, Canada, Mexico, China and Australia.
Werner is among the five largest truckload carriers in the United
States, with a diversified portfolio of transportation services that
includes dedicated van, temperature-controlled and flatbed;
medium-to-long-haul, regional and local van; and expedited services.
Werner's Value Added Services portfolio includes freight management,
truck brokerage, intermodal and international services. International
services are provided through Werner’s domestic and global subsidiary
companies and include ocean, air and ground transportation; freight
forwarding; and customs brokerage.
Werner Enterprises, Inc.’s common stock trades on the NASDAQ Global
Select MarketSM under the symbol “WERN”. For further
information about Werner, visit the company’s website at www.werner.com.
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. Such forward-looking
statements are based on information presently available to Werner’s
management and are current only as of the date made. Actual
results could also differ materially from those anticipated as a result
of a number of factors, including, but not limited to, those discussed
in Werner’s Annual Report on Form 10-K for the year ended December 31,
2012. For those reasons, undue reliance should not be placed on
any forward-looking statement. Werner assumes no duty or
obligation to update or revise any forward-looking statement, although
it may do so from time to time as management believes is warranted or as
may be required by applicable securities law. Any such updates or
revisions may be made by filing reports with the U.S. Securities and
Exchange Commission, through the issuance of press releases or by other
methods of public disclosure.
Source: Werner Enterprises, Inc.
Werner Enterprises, Inc.
John J. Steele, 402-894-3036
Vice President, Treasurer and Chief Financial Officer