Professional Truck Driver Shortage May Worsen Pipeline Fuel Crisis
Werner Enterprises, Inc. (WERN)
Last werner enterprises, inc. earnings: 4/28 04:05 pm
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Source: PR Web
ST. PETERSBURG, Fla. (PRWEB) May 14, 2021 About 45% of all fuel supplied to the U.S East Coast has been suspended--and the most current estimates are that supply won't be back to normal until Memorial Day Weekend.(1) To make up for the shortfall, numerous states will have to rely on alternative suppliers, including professional truck drivers to transport fuel. However, this sudden increase in demand for new suppliers is only being exacerbated by the ongoing shortage of professional truck drivers, especially those with hazmat and tanker qualifications. Brad Ball, president of Roadmaster Drivers School, has been working to alleviate the years-long growing gap between retirements and new driver recruiting and training.According to the U.S. Bureau of Labor Statistics there was a shortfall of 65,700 drivers for 2020, when compared to 2019.(2) COVID-19 brought on a surge of early retirements for many of these drivers, and the trucking industry is struggling to make up for the shortfall. Na
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WERN
News
- Tough trucking market hits EBITDA at TriumphPay; other indicators up [Yahoo! Finance]Yahoo! Finance
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Stifel Nicolaus from $42.00 to $39.00. They now have a "hold" rating on the stock.MarketBeat
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Bank of America Co. from $35.00 to $34.00. They now have an "underperform" rating on the stock.MarketBeat
- Werner® Honored as a 2024 VETS Indexes 5 Star Employer [Yahoo! Finance]Yahoo! Finance
- Werner® Honored as a 2024 VETS Indexes 5 Star EmployerBusiness Wire
WERN
Earnings
- 2/6/24 - Miss
WERN
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 4/2/24 - Form ARS
- WERN's page on the SEC website