XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We have two reportable segments – Truckload Transportation Services (“TTS”) and Werner Logistics.
The TTS segment consists of two operating units, Dedicated and One-Way Truckload. These units are aggregated because they have similar economic characteristics and meet the other aggregation criteria described in the accounting guidance for segment reporting. Dedicated provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. One-Way Truckload is comprised of the following operating fleets: (i) the medium-to-long-haul van (“Van”) fleet transports a variety of consumer nondurable products and other commodities in truckload quantities over irregular routes using dry van trailers, including Mexico cross-border routes; (ii) the expedited (“Expedited”) fleet provides time-sensitive truckload services utilizing driver teams; (iii) the regional short-haul (“Regional”) fleet provides comparable truckload van service within geographic regions across the United States; and (iv) the Temperature Controlled fleet provides truckload services for temperature sensitive products over irregular routes utilizing temperature-controlled trailers. Revenues for the TTS segment include a small amount of non-trucking revenues which consist primarily of the intra-Mexico portion of cross-border shipments delivered to or from Mexico where we utilize a third-party capacity provider.
The Werner Logistics segment is a non-asset-based transportation and logistics provider. Werner Logistics provides services throughout North America and generates the majority of our non-trucking revenues through three operating units. These three Werner Logistics operating units are as follows: (i) Truckload Logistics, which uses contracted carriers to complete shipments for brokerage customers and freight management customers for which we offer a full range of single-source logistics
management services and solutions; (ii) the Intermodal (“Intermodal”) unit offers rail transportation through alliances with rail and drayage providers as an alternative to truck transportation; and (iii) Werner Final Mile (“Final Mile”) offers residential and commercial deliveries of large or heavy items using third-party agents, independent contractors, and Company employees with two-person delivery teams operating a liftgate straight truck.
We generate other revenues from our driver training schools, transportation-related activities such as third-party equipment maintenance and equipment leasing, and other business activities. None of these operations meets the quantitative reporting thresholds. As a result, these operations are grouped in “Other” in the tables below. “Corporate” includes revenues and expenses that are incidental to our activities and are not attributable to any of our operating segments, including gains and losses on sales of property and equipment not attributable to our operating segments.
We do not prepare separate balance sheets by segment and, as a result, assets are not separately identifiable by segment. Based on our operations, certain revenue-generating assets (primarily tractors and trailers) are interchangeable between segments. Depreciation for these interchangeable assets is allocated to segments based on the actual number of units utilized by the segment during the period. Other depreciation and amortization is allocated to segments based on specific identification or as a percentage of a metric such as average number of tractors. Inter-segment eliminations represent transactions between reporting segments that are eliminated in consolidation.
The following tables summarize our segment information (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2024202320242023
Revenues by Segment
Truckload Transportation Services$537,069 $570,192 $1,088,195 $1,158,522 
Werner Logistics208,912 224,549 411,394 453,218 
Other17,467 19,376 36,420 39,877 
Corporate613 501 1,203 976 
  Subtotal764,061 814,618 1,537,212 1,652,593 
Inter-segment eliminations(3,263)(3,522)(7,334)(8,783)
Total$760,798 $811,096 $1,529,878 $1,643,810 
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Operating Income (Loss) by Segment 
Truckload Transportation Services$20,998 $45,159 $41,838 $96,145 
Werner Logistics550 4,355 (1,779)9,292 
Other(966)(86)(1,175)463 
Corporate(971)(2,230)(3,685)(5,316)
Total$19,611 $47,198 $35,199 $100,584 
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Depreciation and Amortization by Segment
Truckload Transportation Services$65,572 $67,614 $132,505 $134,457 
Werner Logistics3,745 3,865 7,412 7,924 
Other2,533 2,914 5,267 5,787 
Corporate822 505 1,758 1,043 
Total$72,672 $74,898 $146,942 $149,211