Revenue

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Revenue Recognition

Revenues are recognized over time as control of the promised services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services.

The following table presents our revenues disaggregated by revenue source (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Truckload Transportation Services	$	570,192	$	613,616	$	1,158,522	$	1,172,033
Werner Logistics	224,549		203,861		453,218		392,869
Inter-segment eliminations	(3,522)		(625)		(8,783)		(1,347)
Transportation services	791,219		816,852		1,602,957		1,563,555
Other revenues	19,877		19,424		40,853		37,326
Total revenues	$	811,096	$	836,276	$	1,643,810	$	1,600,881

The following table presents our revenues disaggregated by geographic areas in which we conduct business (in thousands). Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin.

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
United States	$	765,316	$	770,849	$	1,547,609	$	1,481,753
Mexico	37,338		51,461		79,151		94,752
Other	8,442		13,966		17,050		24,376
Total revenues	$	811,096	$	836,276	$	1,643,810	$	1,600,881

Contract Balances and Accounts Receivable

A receivable is an unconditional right to consideration and is recognized when shipments have been completed and the related performance obligation has been fully satisfied. At June 30, 2023 and December 31, 2022, the accounts receivable, trade, net, balance was $437.6 million and $518.8 million, respectively. Contract assets represent a conditional right to consideration in exchange for goods or services and are transferred to receivables when the rights become unconditional. At June 30, 2023 and December 31, 2022, the balance of contract assets was $6.8 million and $8.9 million, respectively. We have recognized contract assets within the other current assets financial statement caption on the consolidated condensed balance sheets. These contract assets are considered current assets as they will be settled in less than 12 months.

Contract liabilities represent advance consideration received from customers and are recognized as revenues over time as the related performance obligation is satisfied. At June 30, 2023 and December 31, 2022, the balance of contract liabilities was $1.1 million and $0.9 million, respectively. The amount of revenues recognized in the six months ended June 30, 2023 that was included in the December 31, 2022 contract liability balance was $0.9 million. We have recognized contract liabilities within the accounts payable and other current liabilities financial statement captions on the consolidated condensed balance sheets. These contract liabilities are considered current liabilities as they will be settled in less than 12 months.

Performance Obligations

We have elected to apply the practical expedient in Accounting Standards Codification (“ASC”) Topic 606, Revenue From Contracts With Customers, to not disclose the value of remaining performance obligations for contracts with an original expected length of one year or less. Remaining performance obligations represent the transaction price allocated to future reporting periods for freight shipments started but not completed at the reporting date that we expect to recognize as revenue in the period subsequent to the reporting date; transit times generally average approximately 3 days.

During the six months ended June 30, 2023 and 2022, revenues recognized from performance obligations related to prior periods (for example, due to changes in transaction price) were not material.