Werner Enterprises Inc at Cowen Global Transportation & Sustainable Mobility Conference Transcript

Feb 09, 2024

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Sep 07, 2022 / 02:20PM GMT
Jason Seidl - Cowen and Company - Analyst

Hi, everyone, and welcome back to Cowen's 15th Annual Global Transportation and Sustainable Mobility Conference. I'm one of your hosts, Jason Seidl, Cowen's senior transportation analyst.

With us today, Cowen and myself are honored and pleased to have Werner Enterprises. Representing Werner Enterprises is CEO, Derek Leathers; and John Steele, CFO. It's probably John's last time with us because of his pending retirement, if you will, but it's always been a pleasure to have John and his insights at our conference.

Questions and Answers:

Jason Seidl - Cowen and Company - Analyst

So we're going to jump right into it, gentlemen. Much has been said about the sharp drop in spot prices most of this year. Derek, you always give a great overview of how you see the market on your earnings calls. In your view, what's really to blame for that? Is it too much capacity given the market or there's not enough demand, or is it a combination of both?

Derek Leathers - Werner Enterprises, Inc. -

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