From Yahoo Finance: 2025-04-29 17:07:00

Werner Enterprises reported an unexpected loss of $10.2 million in Q1, compared to a profit of $6.2 million a year ago. CEO Derek Leathers attributed the results to higher insurance costs, severe weather, and changes in customer activity due to tariff uncertainty. Revenue was down by $27 million.

The loss of 12 cents per share was surprising, as Werner was expected to earn 24 cents. Despite the poor quarter, the company made minimal adjustments to its forecast, expecting 0-3% growth in one-way revenue per ton mile for the year. Costs decreased to $717.95 million, with a slight increase in purchased transportation expenses.

CEO Derek Leathers highlighted strengths in Werner’s Dedicated segment, with new contract wins and improved income and margin in the Logistics segment. One-Way Truckload revenue per total mile increased modestly for the third consecutive quarter. Deadhead miles in One-Way Truckload increased to 16%, a slight improvement from the previous quarter.

Read more: Net loss at Werner upends expectations of positive EPS