🎣 Nuclear Verdict vs. Werner
Plus, the latest on Atlantic hurricane forecasts, Portex's $6.5M raise, and a looming US port strike.
Werner reports hopeful trends despite Q1 challenges, with expectations for seasonal recovery and cost-saving measures.
Werner Enterprises (NASDAQ: WERN) believes the freight recession's end is near. Despite Q1 challenges like inclement weather and insurance costs, it expects seasonal recovery.
However, truckers express skepticism about market recovery, with some saying the reality doesn't match the data.
I see some saying the freight recession is coming to an end but it looks the opposite to me. The last 4 weeks have been the worst for my trucks over the past 5 years. Volumes for refrigerated (contract) freight have been a dumpster fire in my experience.
— JoBangles (@theericredbeard) May 1, 2024
What the “data” says…
Source: FreightWaves | Werner Enterprises
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