Trucking and logistics company Werner Enterprises Inc. says it expects its logistics business to contribute a third of its revenue in the next three to five years, as the company works to balance its revenue mix. "We expect to shift our revenue mix to less one-way truckload, more dedicated, and more asset-light logistics, as we move forward," chief finance officer John Steele said in an analyst presentation.
Werner operates three businesses -- logistics, which currently contributes 21 percent of total revenue; dedicated, with a 40 percent share; and one-way truckload with 39 percent. It now expects all the three segments to contribute equally in the next three to five years.
"We expect our greatest growth to come from logistics and cross-border services," Steele said.
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