Werner reveals new truck-buying strategy

| 7/21/2003

Werner Enterprises Inc., Omaha, NE, said July 16 the company delayed the business risk of buying new truck engines subject to EPA’s new emissions standards because there wasn’t adequate time to test he engines prior to the Oct. 1, 2002, effective date.

“The company significantly increased the purchase of trucks with pre-October engines,” Werner said in a press release. “During the second quarter, the company continued to bring new trucks with pre-October engines into service to replace trucks that were reaching the company’s normal three-year trade or sell age.”

Werner said the average age of the company’s truck fleet as of June 30, 2003, is 1.4 years.

Meanwhile, the company says it is now testing the new truck engines, “in particular, the Caterpillar ACERT engines and the Detroit Diesel EGR engines.” Testing is still in the early stages, and Werner has not finally decided on its engine purchases for 2004, the company said.

Werner said it would buy about 325 model year 2004 trucks with Caterpillar ACERT engines in the third quarter this year. Werner also plans to purchase more Caterpillar ACERT and Detroit Diesel EGR engines during the rest of this year, the company added.