
	Three Months Ended June 30, 2025
	Truckload Transportation Services		Werner Logistics		Total
Revenues from external customers	$	512,898	$	221,177	$	734,075
Inter-segment revenues	4,749		—		4,749
Reportable segment revenues	517,647		221,177		738,824
Reconciliation of revenues:
Other revenues (1)					19,073
Elimination of inter-segment revenues					(4,749)
Consolidated revenues					$	753,148
Less operating expenses: (2)
Salaries, wages and benefits (3)	225,123		18,044		243,167
Fuel	59,731		338		60,069
Supplies and maintenance	53,710		2,916		56,626
Taxes and licenses	22,662		244		22,906
Insurance and claims (4)	(7,555)		506		(7,049)
Depreciation and amortization	65,207		3,868		69,075
Rent and purchased transportation	40,110		190,293		230,403
Communications and utilities	3,107		228		3,335
Gains on sales of property and equipment	(5,799)		(420)		(6,219)
Other segment items (5)	(2,738)		832		(1,906)
Reportable segment operating expenses	453,558		216,849		670,407
Reportable segment operating income	$	64,089	$	4,328	$	68,417
Reconciliation of operating income:
Other operating loss (1)					(2,096)
Consolidated operating income					$	66,321


	Three Months Ended June 30, 2024
	Truckload Transportation Services		Werner Logistics		Total
Revenues from external customers	$	533,806	$	208,912	$	742,718
Inter-segment revenues	3,263		—		3,263
Reportable segment revenues	537,069		208,912		745,981
Reconciliation of revenues:
Other revenues (1)					18,080
Elimination of inter-segment revenues					(3,263)
Consolidated revenues					$	760,798
Less operating expenses: (2)
Salaries, wages and benefits	231,640		20,486		252,126
Fuel	71,232		402		71,634
Supplies and maintenance	53,654		1,989		55,643
Taxes and licenses	25,099		228		25,327
Insurance and claims	30,501		1,400		31,901
Depreciation and amortization	65,572		3,745		69,317
Rent and purchased transportation	33,783		178,819		212,602
Communications and utilities	3,267		465		3,732
Gains on sales of property and equipment	(1,466)		(265)		(1,731)
Other segment items (5)	2,789		1,093		3,882
Reportable segment operating expenses	516,071		208,362		724,433
Reportable segment operating income	$	20,998	$	550	$	21,548
Reconciliation of operating income:
Other operating loss (1)					(1,937)
Consolidated operating income					$	19,611


	Six Months Ended June 30, 2025
	Truckload Transportation Services		Werner Logistics		Total
Revenues from external customers	$	1,010,710	$	416,735	$	1,427,445
Inter-segment revenues	8,812		—		8,812
Reportable segment revenues	1,019,522		416,735		1,436,257
Reconciliation of revenues:
Other revenues (1)					37,817
Elimination of inter-segment revenues					(8,812)
Consolidated revenues					$	1,465,262
Less operating expenses: (2)
Salaries, wages and benefits (3)	442,826		36,300		479,126
Fuel	122,164		698		122,862
Supplies and maintenance	105,048		5,589		110,637
Taxes and licenses	44,619		467		45,086
Insurance and claims (4)	35,519		1,128		36,647
Depreciation and amortization	128,253		7,560		135,813
Rent and purchased transportation	78,563		359,512		438,075
Communications and utilities	6,715		585		7,300
Gains on sales of property and equipment	(9,087)		(719)		(9,806)
Other segment items (5)	1,729		1,762		3,491
Reportable segment operating expenses	956,349		412,882		1,369,231
Reportable segment operating income	$	63,173	$	3,853	$	67,026
Reconciliation of operating income:
Other operating loss (1)					(6,537)
Consolidated operating income					$	60,489


	Six Months Ended June 30, 2024
	Truckload Transportation Services		Werner Logistics		Total
Revenues from external customers	$	1,080,861	$	411,394	$	1,492,255
Inter-segment revenues	7,334		—		7,334
Reportable segment revenues	1,088,195		411,394		1,499,589
Reconciliation of revenues:
Other revenues (1)					37,623
Elimination of inter-segment revenues					(7,334)
Consolidated revenues					$	1,529,878
Less operating expenses: (2)
Salaries, wages and benefits	468,171		41,796		509,967
Fuel	148,106		840		148,946
Supplies and maintenance	107,784		3,873		111,657
Taxes and licenses	49,875		468		50,343
Insurance and claims	65,535		2,629		68,164
Depreciation and amortization	132,505		7,412		139,917
Rent and purchased transportation	66,278		352,985		419,263
Communications and utilities	6,901		1,232		8,133
Gains on sales of property and equipment	(5,931)		(484)		(6,415)
Other segment items (5)	7,133		2,422		9,555
Reportable segment operating expenses	1,046,357		413,173		1,459,530
Reportable segment operating income (loss)	$	41,838	$	(1,779)	$	40,059
Reconciliation of operating income:
Other operating loss (1)					(4,860)
Consolidated operating income					$	35,199

(1) Revenues and operating income or loss from segments below the quantitative thresholds for determining reportable segments. Those segments include driver training schools, transportation-related activities such as third-party equipment maintenance and equipment leasing, other business activities, and corporate related items which are incidental to our activities and are not attributable to any of our operating segments.

(3) During the three and six months ended June 30, 2025, salaries, wages and benefits for the TTS and Werner Logistics segments included severance costs of $0.9 million and $0.4 million, respectively, related to recent cost saving initiatives.

(4) During the three and six months ended June 30, 2025, insurance and claims expense for the TTS segment was offset by a $45.7 million liability reversal as a result of a favorable decision related to a lawsuit arising from a December 2014 accident. For additional information regarding this lawsuit, see Note 8 – Commitments and Contingencies.

(5) Other segment items for each reportable segment primarily includes costs for professional services. During the three and six months ended June 30, 2025, other segment items for the TTS segment were partially offset by a net favorable change of $7.9 million and $7.8 million, respectively, to the contingent earnout liability related to the Baylor Trucking, Inc. acquisition. For additional information regarding this contingent consideration arrangement, see Note 5 – Fair Value.