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 (WERN) has declared a quarterly cash dividend of $0.13 per common share, payable on October 18, 2022, to stockholders of record as of October 3, 2022. This dividend marks the continuation of Werner's commitment to returning value to its shareholders, having consistently paid dividends since July 1987. In 2021, the company reported revenues of $2.7 billion and is recognized for its innovative logistics services across North America.
Werner Enterprises, a leading transportation and logistics provider, announced its participation in two upcoming investment conferences. The Susquehanna Virtual Industrials, Energy & Airline Conference is scheduled for August 11, 2022, and the Cowen Virtual Global Transportation & Sustainable Mobility Conference will take place on September 7, 2022. Key executives, including CEO Derek J. Leathers and CFO John J. Steele, will speak during the Cowen conference. Investor materials will be available on the company’s website before each event. Werner generated revenues of $2.7 billion in 2021.
Werner Enterprises (Nasdaq: WERN) announced the retirement of John J. Steele, EVP, Treasurer, and CFO, after 33 years with the company. Steele, who has served as CFO for 25 years, will assist in the transition to his successor. Chairman Derek J. Leathers praised Steele's contributions and leadership in positioning Werner as a leading transportation and logistics provider. The company is now in search of a new CFO while Steele remains in his roles to ensure a smooth transition. Werner achieved $2.7 billion in revenue in 2021 and is committed to sustainability and diversity.
Werner Enterprises reported Q2 2022 revenues of $836.3 million, up 29% YoY, with a diluted EPS of $1.12, a 6% increase. Operating income fell 3% to $74.9 million, reflecting unexpected insurance costs rising $20.3 million due to prior accident claims. The Truckload Transportation Services segment saw revenue growth of 25%, but operating income decreased by 12% amid rising costs. Conversely, Werner Logistics achieved an operating income increase of 218%. The company plans to invest in new equipment amid a 2% to 5% growth outlook for truck capacity.
Werner Enterprises (Nasdaq: WERN) has reached a $150M settlement concerning a tragic motor vehicle accident lawsuit in Texas. The incident, which occurred in May 2020, involved a Werner truck striking a parked passenger vehicle, resulting in the deaths of two children left inside. Although Werner disputes the allegations, they opted for a settlement to prevent protracted litigation and potential larger 'nuclear verdicts.' The settlement will be covered by Werner and its insurers. The company maintains its commitment to safety and responsibility in operations.
Werner Enterprises, Inc. (Nasdaq: WERN) will announce its second quarter earnings on August 3, 2022, post-market. An earnings conference call will follow at 4:00 p.m. CT to discuss the results and updated outlook for 2022. The call can be accessed by dialing (844) 701-1165 for domestic callers or (412) 317-5498 for international participants. A replay will be available from 6:00 p.m. CT on August 3 until September 3, 2022. Werner, a leader in truckload transportation and logistics, reported revenues of $2.7 billion in 2021 and remains committed to sustainability and diversity.
Werner Enterprises (Nasdaq: WERN) has been recognized as a 2022 Green Supply Chain Partner by Inbound Logistics, marking the 10th consecutive year on this list. The acknowledgment highlights Werner's commitment to sustainability, having reduced its carbon footprint by over 3.7 million tons and conserved more than 333 million gallons of fuel since 2007. The company has also been awarded the SmartWay Excellence and High Performer Awards for five consecutive years, showcasing its dedication to efficient and environmentally friendly supply chain solutions.
Werner Enterprises (Nasdaq: WERN) has been honored with three awards from Dollar General, including Dedicated Partner of the Year, Fresh Operation of the Year, and Traditional Site of the Year. This recognition highlights Werner's commitment to exceptional service and safety. Notably, this is the fifth consecutive year Werner has received the Dedicated Partner of the Year award, while the other two awards mark a new achievement. The awards were accepted by Werner’s Operations Management Team at Dollar General's Store Support Center in Tennessee.
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