Werner Enterprises Inc, the Omaha NE-based truckload transportation and logistics company, reported revenues and earnings for the first quarter ended March 31, 2007.
Revenues increased 2% to $503.9 million in first quarter 2007 compared with $491.9 million in first quarter 2006. Earnings per share decreased 24% to $.21 per share in first quarter 2007 compared to $.27 in first quarter 2006.
An increase in truck capacity and softness in freight demand made for a continued challenging market in first quarter 2007. In addition, rising fuel prices and the effects of significant winter storms placed added pressures on the cost side.
