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months of this year.That was the case also with Werner Enterprises (NASDAQ: WERN), which released its earnings Tuesday and followed up with an earnings call with analysts.Right off the bat on the call, Werner CEO Derek Leathers declared: “We generated solid results during the second quarter and are encouraged by the sequential improvement in financial performance relative to Q1. “Werner’s bottom line results were positively impacted  by the reversal of two liabilities it had been carrying on its books, one of them related to the nuclear verdict from 2018 that was reversed by the Texas Supreme Court during the quarter. The reversals impacted operating and net income.But strip that out and Leathers’ comments have a solid basis. For example, in the first quarter, Werner posted a non-GAAP adjusted operating margin of negative 0.3%. In the second quarter, that margin was 2.2%.Revenue in the second quarter was $753.1 million, up from $712.1 million in the first quarter. The adjusted operating ratio (OR) for the Truckload Transportation Services segment was 97.5% in the second quarter, compared to 99.6% in the first quarter.Adding to that, CEO Christopher Wikoff said the first indications from the current quarter were positive. Wikoff said he expects another sequential improvement in revenue, with much of it attributed to new customers in the company’s Dedicated division. He also said Werner is “seeing very positive momentum” in its logistics operations.The transportation team at TD Cowen led by Jason Seidl said in a report after the earnings call that Werner had “(found) its footing” in the second quarter, but that it wasn’t just freight transportation at the truckload carrier that was the largest unexpected contributor.Instead, he cited as an example the company’s logistics segment. It grew its operating income to $4.3 million in the second quarter compared to $550,000 a year earlier.Seidl said the performance in logistics “beat our estimates nicely” and reflects load growth of 7% year on year “on execution in winning new business.” “Year on year growth momentum is expected to continue in (the second half) which we view positively given widely anticipated core demand softness,” Seidl wrote.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,363.75 -10.50 (-0.16%)Dow Futures44,252.00 -53.00 (-0.12%)Nasdaq Futures23,315.75 -49.25 (-0.21%)Russell 2000 Futures2,219.10 -1.10 (-0.05%)VIX16.72 +1.24 (+8.01%)Gold3,340.10 -8.50 (-0.25%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 63.79 +18.82 (+41.85%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)FRGE Forge Global Holdings, Inc. 21.92 +5.10 (+30.32%)AMSC American Superconductor Corporation 56.85 +12.91 (+29.38%)PI Impinj, Inc. 154.58 +32.37 (+26.49%)Top losersALGN Align Technology, Inc. 129.01 -74.56 (-36.63%)CFLT Confluent, Inc. 17.73 -8.68 (-32.86%)BAX Baxter International Inc. 21.76 -6.29 (-22.42%)SPSC SPS Commerce, Inc. 108.87 -30.69 (-21.99%)KEX Kirby Corporation 95.31 -24.69 (-20.58%)Most activeNVDA NVIDIA Corporation 177.87 -1.40 (-0.78%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)NIO NIO Inc. 4.8700 +0.3600 (+7.98%)SOFI SoFi Technologies, Inc. 22.58 +0.71 (+3.25%)F Ford Motor Company 11.07 +0.20 (+1.84%)Earnings eventsTrending tickersFIG Figma, Inc. 115.50 +82.50 (+250.00%)AAPL Apple Inc. 207.57 -1.48 (-0.71%)AMZN Amazon.com, Inc. 234.11 +3.92 (+1.70%)COIN Coinbase Global, Inc. 377.76 +0.28 (+0.07%)RDDT Reddit, Inc. 160.59 +11.26 (+7.54%)Top economic events