Werner Enterprises Reports Strong Revenue Per Truck Growth in Q2
In its second quarter earnings report, Werner Enterprises highlighted a significant increase in revenue per truck within its One-Way segment. The company reported $6,114 of weekly revenue per truck, marking a 27.7% year-over-year growth—the highest such gain in over ten years. This was achieved despite reducing the number of average trucks by about 34%. Werner also noted an increase in total miles driven and trip length within this segment. The Dedicated fleet saw expansion due to the acquisition of FirstFleet, with a 43.7% rise in trucks in service reaching 6,976 units. Revenue per truck in the Dedicated segment rose by 5.4%. Non-GAAP financial metrics showed strong improvement: adjusted operating margin increased by 80 basis points and non-GAAP diluted earnings per share jumped to $0.22, up 178% year-over-year. CEO Derek Leathers attributed these results to strategic efforts over the past few quarters and successful adaptation in a tightening market.
Topics: fleet_size_changes non-gaap_metrics revenue_per_truck