Werner Enterprises' third quarter 2026 revenue of $950.5M beat estimates while adjusted EPS met expectations

Werner Enterprises reported total revenues of $950.5 million for the third quarter 2026, a 23% increase year-over-year that significantly exceeded analyst estimates. Non-GAAP adjusted diluted EPS of $0.16 was in line with expectations, as strong top-line momentum in the truckload segment helped offset rising operational costs and a contraction in the logistics business.

Key Highlights

• Truckload Transportation Services (TTS) revenue surged 37% to $714.0 million, driven by the FirstFleet acquisition and a 28% increase in trucking revenues excluding fuel surcharges.
• Adjusted operating margin expanded by 80 basis points to 2.2%, despite management noting temporary pressure from rapidly rising fuel costs and elevated insurance claims.
• One-way truckload yields improved significantly, with average revenues per truck per week increasing 34.3% due to production gains and rate improvements.
• Werner Logistics revenue declined 7% to $215.8 million, primarily due to a 40% decrease in truckload logistics brokerage shipments, partially offset by an 18% increase in final mile revenue.