Two trucking firms forecast difficult quarters for their upcoming earnings statements.
Truckload carrier Werner Enterprises warned earnings in the first quarter will be “significantly lower” than a year earlier because of weak demand, Bloomberg reported.
Werner earned 21 cents a share in the first quarter of 2007.
Bulk carrier Quality Distribution said it expects to record a pre-tax fourth-quarter loss of about $15.5 million, compared with pre-tax income of $1.2 million for the same period last year.
Quality said it expects to report a per-share loss of 49 cents, versus a 4-cent profit last year. It reports earnings on March 14.
Werner is ranked No. 14 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers, while Quality is No. 35.
Transport Topics