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HURRICANE IMPACT: Fuel surcharges lagging

Published Monday, October 03, 2005

Werner Enterprises and Swift Transportation have announced that sharp fuel spikes in the aftermath of the recent hurricanes along the Gulf Coast will crimp earnings in the third quarter. “Assuming diesel fuel prices remain at [Sept. 20] price levels for the remaining ten days of third quarter 2005, the negative impact of fuel expense on earnings for third quarter 2005 compared to third quarter 2004 is estimated to be $0.06 to $0.07 per share,” Werner said. Werner, like many for-hire trucking companies, tracks its fuel surcharges with the Dept. of Energy’s weekly price index. On ...

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