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DJ Werner Earnings Jump on Strong Shipping Demand -- Market Talk

· 02/04/2021 18:12

1806 EST [Dow Jones] -- Trucker Werner Enterprises reports a jump in quarterly profit on strong shipping demand through an extended holiday-season peak. Net income rose 25% YOY to $60.6M, while 4Q revenue remained roughly flat at $620.3M. Werner CEO Derek Leathers says the market for drivers remains tough, which could crimp truckload capacity growth despite expected strong demand "due to our customers' low inventory levels." The company plans to spend $275M to $300M this year on new equipment, two new terminals and technology development. (Jennifer.Smith@wsj.com)

(END) Dow Jones Newswires

February 04, 2021 18:12 ET (23:12 GMT)

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