Werner Enterprises Inc - WERN STOCK NEWS

Werner Enterprises, Inc. (Nasdaq: WERN) declared a quarterly cash dividend of $0.13, representing an 8% increase from the prior dividend of $0.12. This dividend will be paid on July 19, 2022, to stockholders recorded by July 5, 2022. Since July 1987, Werner has consistently provided quarterly dividends. The company reported 2021 revenues of $2.7 billion and operates a significant fleet, delivering truckload transportation and logistics services across North America.

Werner Enterprises (Nasdaq: WERN) has appointed Michelle D. Livingstone to its Board of Directors, expanding the board from eight to nine members as of May 10, 2022. Livingstone brings over 30 years of supply chain and transportation experience, previously serving as VP - Transportation for The Home Depot. Her appointment enhances the company's female board representation to 44% and overall diversity to 56%. She will contribute to the Audit Committee, Nominating and Corporate Governance Committee, and ESG Committee, emphasizing a commitment to diversity and sustainability.

Werner Enterprises (Nasdaq: WERN) has been recognized as a "3+" company by 50/50 Women on Boards for having three or more women on its board of directors, making up 43% of its independent board members. This recognition highlights the company's commitment to gender diversity, which is linked to increased profitability and engagement. CEO Derek Leathers emphasized the importance of diverse perspectives in strategic decision-making. With 2021 revenues of $2.7 billion, Werner continues to be a leader in transportation and logistics, serving customers across North America.

Werner Enterprises reported a strong performance for Q1 2022, with total revenues reaching $764.6 million, marking a 24% year-over-year increase. The operating income increased by 34% to $83.5 million, while the operating margin improved by 80 basis points to 10.9%. Notably, diluted EPS rose 20% to $0.82. The Truckload Transportation Services segment saw substantial growth, contributing $558.4 million to revenues. Despite challenges in labor and expenses, the company demonstrated resilience with solid margins and robust cash flow from operations of $155 million.

TuSimple (Nasdaq: TSP) announced an integration with Werner Enterprises to enhance roadside support for customers using driver-out autonomous trucks on its Autonomous Freight Network (AFN). This partnership allows for immediate assistance across a 11,200-mile network from Arizona to Florida. TuSimple's mission emphasizes safe, efficient, and reliable service, with Werner's 24/7 support playing a vital role. This integration is part of the TuConnect platform, underscoring the strategic expansion of TuSimple's operations in the autonomous freight transportation sector.

Mastery Logistics Systems has launched its MasterMind® TMS with Werner Enterprises (Nasdaq: WERN), enhancing their logistics operations. This is Werner's first cloud-based transportation management system, aimed at improving efficiency and control across their business units. The collaboration supports Werner's Cloud First initiative and their Werner EDGE program, focusing on supply chain automation and visibility. The partnership boosts technological agility while enhancing customer service capabilities.

Aurora Innovation (NASDAQ: AUR) and Werner Enterprises (NASDAQ: WERN) have announced a commercial pilot to deploy autonomous trucks on a critical freight route between Fort Worth and El Paso, Texas. This collaboration will leverage Aurora's self-driving technology to enable 24/7 freight hauling. The pilot aims to enhance efficiency and reliability, while operators will accompany the trucks for safety. With the route exceeding 600 miles, this initiative seeks to improve service for one of Werner's busiest commercial lanes and marks a significant milestone for scaling autonomous operations.

Werner Enterprises, Inc. (Nasdaq: WERN) will release its first quarter earnings on May 3, 2022, after the market closes. A conference call to discuss the results and updated 2022 outlook will occur at 4:00 p.m. CT. A replay of the call will be available the same day at 6:00 p.m. CT until June 3, 2022. Werner, a leader in truckload transportation and logistics, reported revenues of $2.7 billion in 2021 and provides extensive logistics services across North America.

Carmen Tapio, founder and CEO of North End Teleservices and Werner Director, has been recognized as Nebraska’s honoree in USA TODAY’s Women of the Year.

Appointed to the Werner Board in 2020, Tapio has significantly contributed to the company’s governance. Chairman Derek Leathers praised her influence on the board. Tapio expressed pride in being recognized among impactful women and highlighted her commitment to social responsibility and leadership.

Werner, with 2021 revenues of $2.7 billion, is a leading transportation and logistics provider in North America.