Werner reports higher 3Q revenues, income

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Werner Enterprises on Monday, Oct. 16, reported its operating revenues and earnings for the third quarter ended Sept. 30. Operating revenues increased 7 percent to $541.3 million compared to $504.5 million in third quarter 2005. Net income increased to $24.6 million compared to $24.5 million in third quarter 2005.

“Despite the significant challenges of a softer freight market compared to the normal pickup in freight demand that typically occurs during third quarter, and unusually high insurance and claims costs, Werner Enterprises produced good results,” says Clarence Werner, chairman and chief executive officer of the Omaha, Neb.-based company. “The strength and stability of our long-term customer partnerships, combined with the outstanding contributions of our employees, continue to be the keys to our success.”