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WERNER ● Werner Enterprises Reports Record Second Quarter 2021 Results Second Quarter 2021 Highlights ( all metrics compared to second quarter 2020 ) Total revenues of $ 649.8 million , up 14 % Operating income of $ 76.9 million , up 46 % ; non - GAAP adjusted operating income of $ 79.1 million , up 37 % Operating margin of 11.8 % , up 250 bps ; non - GAAP adjusted operating margin of 12.2 % , up 210 bps Diluted EPS of $ 1.06 , up 87 % ; non - GAAP adjusted diluted EPS of $ 0.86 , up 40 % OMAHA , Neb . , July 29 , 2021 -- Werner Enterprises , Inc. ( Nasdaq : WERN ) , a premier transportation and logistics provider , today reported record second quarter operating income , net income and diluted earnings per share for the quarter ended June 30 , 2021 . " Werner achieved record second quarter results based on our strong execution in a robust freight market , " said Derek J. Leathers , Chairman , President and Chief Executive Officer . " The rapidly recovering economy combined with a severely constrained driver market is presenting labor challenges for customers and carriers alike . I am proud of the Werner team for working tirelessly and creatively to provide our customers with best - in - class solutions and superior performance . " Total revenues for the quarter were $ 649.8 million , an increase of $ 80.9 million compared to the prior year quarter , due primarily to Truckload Transportation Services revenues growth of $ 46.1 million and Logistics revenues growth of $ 31.5 million . Operating income of $ 76.9 million increased $ 24.0 million , or 46 % , while operating margin of 11.8 % increased 250 basis points . On a non - GAAP basis , adjusted operating income of $ 79.1 million increased $ 21.4 million , or 37 % . Adjusted operating margin of 12.2 % improved 210 basis points from 10.1 % for the same quarter last year . We generated operating margin expansion from significantly higher revenues per total mile , continued strong safety performance , effective cost management and improved gains on sales of trucks and trailers . These improvements were partially offset by inflationary cost increases for drivers , fuel and other expenses and lower miles per truck due to a higher percentage of Dedicated trucks to total trucks and fewer team drivers . Interest expense of $ 0.7 million decreased from $ 1.2 million due to lower average borrowings . The effective income tax rate during the quarter was 25.5 % compared to 24.8 % in second quarter 2020 . In first quarter 2021 , Werner made a strategic minority equity investment in TuSimple , an autonomous technology company . TuSimple completed an initial public offering in April 2021. As a result , we recognized a $ 20.2 million , or $ 0.22 per share , unrealized gain on our investment , which increased our non - operating income in second quarter 2021 . Net income of $ 72.0 million increased 84 % . On a non - GAAP basis , adjusted net income of $ 58.7 million increased 37 % . Diluted earnings per share ( EPS ) for the quarter of $ 1.06 increased 87 % . On a non GAAP basis , adjusted diluted EPS of $ 0.86 increased 40 % .