Morning Minute | April 30, 2025
Truckload carrier Werner Enterprises experienced a historic first-quarter operating loss, attributing the result to factors like elevated insurance costs, extreme weather, a smaller fleet, and changes in customer activity stemming from tariff uncertainty. CEO Derek Leathers stated that this performance "does not represent who we are" and that the company is making near-term moves while keeping an eye on future market changes. UPS plans to eliminate approximately 20,000 front-line positions this year and undergo a significant network restructuring, including closing sortation centers, partly…
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