Werner, however, said the freight trends had softened compared with the second quarter, and have further weakened since September as smaller company shippers were being more cautious with inventory and volume projections.
Werner also raised its capital expenditure outlook to $110-$130 million, from the previous range of $90-$120 million, as it buys new trucks.
For the third quarter, Werner reported net income of $24.2 million, or 33 cents a share, compared with $19 million, or 26 cents a share, a year ago.
Revenue rose almost 8 percent to $463.3 million. Gross margins contracted to 14.9 percent from 17.1 percent, as rent and transportation expensed increased 15 percent. (Reuters)
