Werner revenue increased by 7% over the last year due to the solid core freight demand, beneficial pricing conditions for the truckers, and increase in the asset-light units. Their revenue was $542.1 million which has beaten estimates by $18 million. Value added services revenue increased by 10% which is attributable to growth at Wener Global Logistics, some intermodal and truck brokerage activity growth was seen due to stretched truck capacity.
Even though freight demand is strong the demand progress for Werner indicates a market share increase as shippers require safe and trustworthy truck capacity for the coming years. However, if driver shortage persists it is likely that it will hinder Winder’s progress in the future. Werner is trading at $25.29 currently which is roughly 17 times of the 2014 EPS estimates by equity analysts.