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, a leading transportation and logistics firm, announced a quarterly cash dividend of $0.12 per share, payable on May 3, 2022. Stockholders will receive this dividend if recorded by April 18, 2022. The company has consistently paid dividends since July 1987. In 2021, Werner achieved revenues of $2.7 billion, supported by a modern fleet and over 13,500 associates. As an industry leader, the company emphasizes sustainability and innovation in logistics services, ensuring the integrity of supply chains across North America.
Werner Enterprises announced that professional driver Patrick Inman has been awarded Food Logistics’ 2022 Rock Stars of the Supply Chain award. This award recognizes leaders who significantly impact the supply chain, especially in the cold food sector. Inman was honored for his professionalism and exemplary values of safety, service, and leadership in a challenging environment. Werner Enterprises, a leading logistics provider with 2021 revenues of $2.7 billion, continues to support sustainability and diversity in its operations.
Werner Enterprises reported strong fourth quarter 2021 results, with total revenues of $765.2 million, up 23% year-over-year. Operating income rose to $98.5 million, a 21% increase, while diluted EPS reached $1.15, up 31%. The company's truckload and logistics segments saw growth, with truckload revenues increasing 19% and logistics revenues rising 42%. Despite severe capacity challenges and rising costs, Werner's strategic acquisition of NEHDS Logistics is expected to enhance its final mile delivery services.
Werner Enterprises (NASDAQ: WERN), a top transportation and logistics provider, announces its participation in major investment conferences in February 2022. Key events include:
- Stifel 2022 Virtual Transportation & Logistics Conference: February 9, featuring CEO Derek J. Leathers.
- Citi’s 2022 Global Industrial Tech and Mobility Conference: February 22 in Miami, with CFO John J. Steele.
- Barclays Industrial Select Conference: February 23 in Miami.
Live webcasts will be available on the Werner website, and investor materials will be published prior to the conferences.
Werner Enterprises (Nasdaq: WERN) and Cummins Inc. (NYSE: CMI) will collaborate to integrate Cummins' new 15-liter natural gas and hydrogen internal combustion engines into Werner's fleet starting in late 2022. This initiative aims to enhance sustainability and reduce carbon emissions within the transportation sector. The natural gas engine, featuring up to 500 horsepower and 1,850 ft-lbs of torque, is designed to meet strict emission standards without requiring selective catalytic reduction. Cummins' hydrogen engine offers adaptability for zero-carbon fuel options, promoting a transition to zero-emission transport.
Werner Enterprises (NASDAQ: WERN) will announce its fourth quarter and full year 2021 earnings on February 3, 2022, post-market close. A conference call discussing the results and 2022 outlook is scheduled for the same day at 4:00 p.m. CT. Investors can access the earnings release, conference call, and slide presentation on the company's website. Werner offers truckload transportation and logistics services across North America, reporting $2.4 billion in revenue for 2020.
Werner Enterprises (Nasdaq: WERN) has integrated the Decisiv Service Relationship Management (SRM) platform into its Werner EDGE API applications, becoming the first carrier to do so. This integration expands its repair network to over 13,000 shops, enhancing operational efficiency by automating repair estimates, which saves an estimated 15 minutes per order. Executive VP Daragh Mahon emphasized the positive impact on response times and customer service. This move reflects Werner's commitment to leveraging technology for improved safety and driver satisfaction.
Werner Enterprises has acquired NEHDS Logistics for $64 million, strengthening its Final Mile delivery capabilities across the Northeast, Midwest, Mid-Atlantic, and Southeast regions. NEHDS, achieving annual revenues of $71.4 million with a growth rate of 27%, will integrate into Werner's existing delivery network, enhancing service offerings for big and bulky products. The acquisition is expected to be accretive to Werner's earnings in 2022, leveraging NEHDS's skilled workforce and customer relations for operational synergies.
Werner Enterprises (Nasdaq: WERN) has received multiple Military Friendly designations for 2022, including the Gold Award and ranking as a Top 10 Military Spouse Friendly Employer. These honors reflect the company’s commitment to providing sustainable career paths for veterans and military spouses, alongside efforts in workforce development.
CEO Derek Leathers emphasized the importance of supporting military personnel in their career transitions, marking it as a priority for the company.
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