Werner Issues “Disturbing” Warning About State Of Trucking And Logistics Industry

Tuesday, June 21, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jun 21, 2016

Following ongoing warnings of the dismal reality surrounding heavy, Class 8 trucking, reality finally hit overnight when trucking and logistics company Werner Enterprises warned that a sluggish freight market and increases to driver pay would hurt its second-quarter earnings, leading to a plunge in its stock price. Werner said it now expects to report a profit of 21 cents to 25 cents a share, which includes a pretax gain of $3.4 million from the sale of real estate; this was nealy 50% below the consensus forecast of 40 cents a share.

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