Werner reports decade-high revenue per truck growth in One-Way segment
Key Takeaways
- •One-Way revenue per truck per week increased 27.7% year over year to $6,114, the segment’s best growth in a decade.
- •The average number of trucks in Werner’s One-Way Truckload segment fell about 34% from a year earlier, while miles per truck rose 15.7%.
- •Average One-Way trip length increased to 685 miles from 581 miles a year earlier.
- •Werner’s Dedicated fleet grew 43.7% to 6,976 trucks after the January FirstFleet acquisition, and Dedicated revenue per truck per week rose 5.4% to $4,789.
- •Non-GAAP adjusted operating margin improved to 3%, adjusted operating income rose 67% to $27.6 million, and diluted EPS increased 178% to 22 cents.

Werner Enterprises said in its second-quarter earnings release that its One-Way segment posted the highest revenue per truck growth in a decade.
Revenue per truck per week in the segment was $6,114, up 27.7% from the same quarter a year earlier.
The improvement came alongside a sharp reduction in the average number of trucks in Werner’s One-Way Truckload segment, which was down about 34% from a year ago. In practical terms, that means the company was moving more freight per truck even with a smaller fleet, a measure that often gets close attention in trucking because it reflects how efficiently equipment is being deployed.
Total miles per truck per week in One-Way increased 15.7% year over year. The trips were also longer, with the average length rising to 685 miles from 581 miles a year earlier.
Werner’s Dedicated fleet expanded following its January acquisition of FirstFleet. Trucks in service in Dedicated increased 43.7% to 6,976, while average revenue per truck per week rose 5.4% to $4,789. The Dedicated segment’s larger footprint gives more context for Werner’s quarter, since truckload carriers often balance spot-oriented One-Way freight with contract-heavy Dedicated work to manage utilization and revenue consistency.
Although some GAAP performance measures were weaker at Werner, mainly because they had been helped a year earlier by two legal developments, non-GAAP results were notably stronger. The company’s non-GAAP adjusted operating margin was 3%, up 80 basis points from a year ago. Non-GAAP adjusted operating income rose 67% to $27.6 million.
Non-GAAP diluted earnings per share increased 178% to 22 cents.
In a prepared statement released with the earnings, CEO Derek Leathers said the improved performance “reflects the strategic efforts implemented over the last few quarters and our decisive actions to adapt to a capacity tightening market.”
“Our organic Dedicated business is growing, and the FirstFleet acquisition is driving margin improvement ahead of schedule,” he added.