Welcome to our dedicated page for Werner Enterprises news (Ticker: WERN), a resource for investors and traders seeking the latest updates and insights on Werner Enterprises stock.
Werner Enterprises, Inc., founded in 1956, is a leading transportation and logistics company with operations spanning the United States, Canada, Mexico, Asia, Europe, and South America. The company is headquartered in Omaha, Nebraska and has offices throughout North America and China. Werner ranks among the five largest truckload carriers in the U.S., offering a wide range of transportation services from dedicated, medium-to-long-haul, regional, and local van capacity to expedited, temperature-controlled, and flatbed services.
Werner's value-added services portfolio is extensive, incorporating freight management, truck brokerage, intermodal services, load/mode and network optimization, and freight forwarding. The company, through its subsidiaries, holds various licenses including U.S. NVOCC, U.S. customs broker, licensed freight forwarder in China, licensed China NVOCC, TSA-approved indirect air carrier, and IATA accredited cargo agent.
Werner Enterprises operates two primary segments: Truckload Transportation Services (TTS) and Werner Logistics. The TTS segment handles the majority of Werner's revenue, focusing on full-truckload transportation services predominantly within the United States. Recent expansions and partnerships have strengthened Werner’s market position, enabling it to offer comprehensive logistics solutions tailored to their clients’ needs.
The company consistently invests in innovative technologies to enhance operational efficiency and customer satisfaction. This includes advancements in fleet management systems, real-time tracking, and data analytics to optimize route planning and load management. Werner's commitment to sustainability is evident through its initiatives to reduce carbon emissions and promote eco-friendly business practices.
As a prominent player in the logistics industry, Werner Enterprises continues to adapt to market demands and industry trends, ensuring reliable and efficient services for its diverse customer base. Recent achievements and ongoing projects highlight Werner’s dedication to growth and excellence in transportation logistics.
Werner Enterprises (NASDAQ: WERN) has partnered with Fleet Defender and Platform Science to deploy Neural Sentinel, an advanced cybersecurity and safety monitoring solution, across its entire fleet. The software-only solution integrates with Platform Science's Virtual Vehicle platform, enabling real-time threat detection and response without additional hardware requirements. Neural Sentinel uses AI models to monitor cybersecurity threats and safety risks, providing immediate alerts through Fleet Defender's cloud-based Virtual Security Operations Center. This implementation allows Werner's fleet managers to gain real-time insights and respond promptly to potential threats, enhancing both security and operational efficiency.
Werner Enterprises (Nasdaq: WERN) has declared a regular quarterly cash dividend of $0.14 per common share, payable on January 15, 2025, to stockholders of record as of January 2, 2025. The company has consistently paid quarterly dividends since July 1987. Werner is a major transportation and logistics provider operating across the US, Mexico, and Canada, with 2023 revenues of $3.3 billion. The company maintains a modern fleet, employs over 13,000 associates, and offers services including Dedicated and One-Way Truckload services, along with various Logistics solutions.
Werner Enterprises has released its fourth annual Corporate Sustainability Report, highlighting significant ESG progress and commitments. The company introduced a Waste and Energy Scorecard, enhanced driver communication on inclusion, and established a recognition program for anti-trafficking initiatives. Werner disclosed its Scope 1 emissions for 2024 and plans to report Scope 2 emissions in 2025.
Key goals include conducting a triennial ESG audit by 2025, launching a Sustainable Procurement Program, and investing 2.5 million training hours for associate development by 2028, with 27% already achieved. The company, with 2023 revenues of $3.3 billion, remains committed to doubling its intermodal volume through investments in private assets.
Werner Enterprises (Nasdaq: WERN) has secured four prestigious 2025 Military Friendly® designations, ranking No. 2 on both the Top 10 Military Friendly® Employer and Military Friendly® Spouse Employer lists in the $1-4.99 billion category. The company also placed among the top five in 'Military Friendly® Companies' and 'Military Friendly® Brands' categories. With veterans comprising approximately 20% of its workforce, Werner offers specialized programs including Military Skills Test Waiver, SkillBridge/Career Skills Program, and VA Educational Benefits. The company reported 2023 revenues of $3.3 billion and operates with over 13,000 associates across the United States, Mexico, and Canada.
Werner Enterprises (Nasdaq: WERN) has been named among the 2024 'Top Companies for Women to Work for in Transportation' by the Women in Trucking Association's Redefining the Road magazine, marking its seventh consecutive recognition. The company stands out with 16% female professional drivers, more than double the national average. The recognition follows a comprehensive survey and industry-wide vote involving over 30,000 transportation professionals.
Werner's commitment to women in transportation is demonstrated through initiatives like the Women's Leadership Alliance, founded in 2011, which offers professional development and networking opportunities. The company, with 2023 revenues of $3.3 billion, continues to foster an inclusive environment through specialized teams and leadership representation, including Vice President Jaime Hamm's role as Chair of the ATA Safety Policy Committee.
Werner Enterprises announces that Adam Cassidy, director of safety, has been named a 2024 Heavy Duty Trucking Emerging Leader. Under Cassidy's leadership, Werner achieved its lowest DOT preventable accident rate per million miles in 2023. He oversees key safety projects including Samsara implementation, backing cameras, and fatigue management systems. Cassidy, a veteran, is one of eight industry leaders under 40 to receive this recognition, marking the third consecutive year a Werner associate has won this award. Werner reported 2023 revenues of $3.3 billion and operates with over 13,000 associates across the United States, Mexico, and Canada.
Werner Enterprises (WERN) reported challenging third quarter 2024 results with total revenues of $745.7 million, down 9% year-over-year. Operating income decreased 54% to $17.6 million, while diluted EPS fell 72% to $0.11. The company faced persistent pricing and margin pressures in Logistics, with low resale equipment values. Truckload Transportation Services revenues declined 9% to $522.8 million, while Logistics revenues decreased 10% to $206.8 million. Despite challenges, One-Way Truckload revenue per total mile increased year-over-year for the first time in seven quarters, and the Dedicated fleet showed sequential growth.
Werner Enterprises (Nasdaq: WERN) announced its participation in two upcoming investment conferences. The company will attend the Stephens Annual Investment Conference on November 19, 2024, in Nashville, Tennessee, featuring investor meetings and a fireside chat presentation. Werner will also participate in the UBS Global Industrials and Transportation Conference on December 4, 2024, in Manalapan, Florida, which includes investor meetings and a panel discussion.
Key executives participating in these events include Nathan J. Meisgeier (President and Chief Legal Officer), Christopher D. Wikoff (Executive Vice President, Treasurer and CFO), Craig T. Callahan (Executive Vice President and Chief Commercial Officer), and Derek J. Leathers (Chairman and CEO). Live webcasts of both events will be available on the Werner website, with archives accessible for 30 days following each conference.
Werner Enterprises is a leading transportation and logistics provider with 2023 revenues of $3.3 billion, serving customers across the United States, Mexico, and Canada.
Werner Enterprises (Nasdaq: WERN) has been named a 2024 'Top Food Chain Provider' by Food Chain Digest for the third consecutive year. This recognition highlights Werner's excellence in providing transportation and logistics services to food shippers. The company was selected through a rigorous evaluation process, including meeting minimum qualifications, demonstrating significant achievements in solving business problems for food shippers, and garnering votes from food manufacturers, retailers, and distributors.
Craig Callahan, Werner's Executive Vice President and Chief Commercial Officer, emphasized the company's diverse portfolio of service offerings and custom-built solutions for shippers. The honor reflects the dedication of Werner's professional drivers and associates in delivering exceptional service to food industry customers. Werner, with 2023 revenues of $3.3 billion, offers truckload transportation and logistics services across the United States, Mexico, and Canada.
Werner Enterprises (Nasdaq: WERN) has been honored with the National Award for Outstanding Large Employer of Veterans by the American Legion. This prestigious award recognizes Werner's exceptional commitment to hiring and supporting veteran employees, with approximately 20% of its workforce consisting of veterans.
Werner offers uniquely designed programs and benefits for the military community, including:
- Veteran hiring initiatives
- Mentorship programs
- Skills training and development opportunities
Greg Hamm, VP of Field and Government Recruiting, expressed pride in receiving the award and emphasized Werner's commitment to providing meaningful employment opportunities for veterans. Nathan Meisgeier, president and chief legal officer, highlighted the company's unwavering dedication to creating a thriving environment for veterans and their families.
Werner Enterprises, with 2023 revenues of $3.3 billion, is a leading transportation and logistics provider serving customers across the United States, Mexico, and Canada.
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