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Werner’s First-Quarter Earnings Jump 50%

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4/21/2011 12:00:00 PM

Werner Enterprises’ first-quarter earnings rose 50% on higher freight shipments.

Net income rose to $16.3 million, or 22 cents a share, from $10.8 million, or 15 cents, a year ago.

Revenue rose 10% to $469.4 million, while excluding fuel surcharges, revenue rose 4%.

Revenue per total mile was up 4.5% from the last year’s first quarter, the truckload carrier said late Wednesday.

Werner Enterprises is ranked No. 13 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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Emil Estafanous, CPA, CFF, CGMA