Werner Enterprises (WERN) risk factors, FY2024 10-K

Werner Enterprises's FY2024 10-K, filed Feb 26, 2025, lists 15 risk factors in 3 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
153 groups
Section length
4k wordsItem 1A

Werner Enterprises's biggest risks in the FY2024 10-K

  • Customer concentration is a core risk, with the top customer Dollar General providing 11 percent of 2024 revenues.

The risks most specific to Werner Enterprises

  • Risks Related to our Business and Industry

    Labor and employment matters, including difficulty in recruiting and retaining experienced drivers, recent driver training school graduates and independent contractors, could impact our results of operations and financial condition

    Difficulty in recruiting and retaining experienced drivers, recent graduates, and independent contractors could impact our results of operations and financial condition.

  • Risks Related to our Business and Industry

    Increases in fuel prices and shortages of fuel can have a material adverse effect on the results of operations and profitability

    Fuel price increases and shortages can hurt profitability, and our fuel surcharge programs only recover a majority, but not all, of the cost increases.

  • Risks Related to our Business and Industry

    We depend on key customers, the loss or financial failure of which may have a material adverse effect on our operations and profitability

    Our largest customer, Dollar General, generated 11 percent of total 2024 revenues, and we lack long-term contracts with many key One-Way Truckload customers.

  • Risks Related to our Business and Industry

    We depend on the services of third-party capacity providers, the availability of which could affect our profitability and limit growth in our Werner Logistics segment

    Our Werner Logistics segment depends heavily on third-party capacity providers like railroads and other carriers who face competing business demands.

  • Risks Related to our Business and Industry

    If we cannot effectively manage the challenges associated with doing business internationally, our revenues and profitability may suffer

    International operations in Mexico and other foreign countries introduce cross-border business challenges that could affect revenues and profitability.

  • Risks Related to Legal, Regulatory and Environmental, Social and Governance (“ESG”) Matters

    We operate in a highly regulated industry. Compliance with changing transportation, emission, fuel efficiency or other regulations, or violations of existing or future regulations, could adversely affect our operations and profitability

    Compliance with changing Department of Transportation and Federal Motor Carrier Safety Administration regulations can adversely affect our operations.

  • Risks Related to Financial Matters

    Our earnings could be reduced by increases in the number of insurance claims, cost per claim, costs of insurance premiums, availability of insurance coverage, or a significant uninsured liability

    Over-the-road accidents and litigation risks can increase insurance claims, costs per claim, and premiums, reducing our earnings.

  • Risks Related to Financial Matters

    Decreased demand for our used revenue equipment could result in lower unit sales and resale values

    Decreased demand for our used tractors and trailers through Werner Fleet Sales could result in lower unit sales and resale values.

All 15 risk factors

Headings as the filing states them, in filing order.

Risks Related to our Business and Industry

  1. 01Our business is subject to overall economic and geopolitical conditions that could have a material adverse effect on our results of operations and financial condition
  2. 02Labor and employment matters, including difficulty in recruiting and retaining experienced drivers, recent driver training school graduates and independent contractors, could impact our results of operations and financial condition
  3. 03Increases in fuel prices and shortages of fuel can have a material adverse effect on the results of operations and profitability
  4. 04We operate in a highly competitive industry, which may limit growth opportunities and reduce profitability
  5. 05The seasonal shipping pattern generally experienced in the trucking industry may affect our periodic results during traditional slower shipping periods and winter months
  6. 06We depend on key customers, the loss or financial failure of which may have a material adverse effect on our operations and profitability
  7. 07We depend on the services of third-party capacity providers, the availability of which could affect our profitability and limit growth in our Werner Logistics segment
  8. 08If we cannot effectively manage the challenges associated with doing business internationally, our revenues and profitability may suffer
  9. 09We rely on the services of key personnel, the loss of which could impact our future success
  10. 10Difficulty in obtaining, or increased costs of, materials, equipment, goods, and services from our vendors and suppliers could adversely affect our business
  11. 11A public health crisis, such as an epidemic, pandemic, or similar outbreak may have an adverse impact on our business, as well as the operations of our customers and suppliers

Risks Related to Legal, Regulatory and Environmental, Social and Governance (“ESG”) Matters

  1. 12We operate in a highly regulated industry. Compliance with changing transportation, emission, fuel efficiency or other regulations, or violations of existing or future regulations, could adversely affect our operations and profitability
  2. 13Increasing scrutiny from investors and other stakeholders regarding ESG related matters may have a negative impact on our business

Risks Related to Financial Matters

  1. 14Our earnings could be reduced by increases in the number of insurance claims, cost per claim, costs of insurance premiums, availability of insurance coverage, or a significant uninsured liability
  2. 15Decreased demand for our used revenue equipment could result in lower unit sales and resale values

Other Werner Enterprises 10-Ks

  • FY2025 10-K risk factors
    15 risks1 reworded

    Risk updates focus entirely on the legal uncertainty caused by the February 20, 2026 Supreme Court tariff ruling.

    Filed Feb 26, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.