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, Inc. (NASDAQ: WERN) has declared a quarterly cash dividend of $0.12 per share, payable on January 18, 2022, to shareholders of record by January 3, 2022. The company has consistently paid dividends since July 1987. Additionally, the Board approved a new stock repurchase program allowing the repurchase of up to 6 million shares, withdrawing the previous authorization which had 1.5 million shares left. The repurchase strategy reflects the company's intent to enhance shareholder value amid market conditions.
Werner Enterprises (NASDAQ: WERN) has announced its upcoming participation in two significant investment conferences. The Baird 2021 Global Industrial Virtual Conference is set for November 10, 2021, featuring a fireside chat with CEO Derek J. Leathers and CFO John J. Steele from 10:25 to 10:55 a.m. CT. Following this, the Stephens Annual Investment Conference will occur in Nashville on December 1, 2021, with their presentation from 11:00 to 11:45 a.m. CT. Live webcasts will be accessible on Werner's website, with archives available for 30 days.
Werner Enterprises (Nasdaq: WERN) has been recognized for the fourth consecutive year as one of the "Top Companies for Women to Work For in Transportation" by the Women in Trucking (WIT) Association. This accolade highlights Werner's commitment to gender diversity through its supportive corporate culture, competitive pay, and opportunities for professional development. Currently, 13% of Werner's drivers are female, nearly double the national average. The company's focus on diversity, equity, and inclusion is part of its broader commitment to promote sustainability in the transportation industry.
Werner Enterprises reported its third quarter 2021 results, with total revenues of $702.9 million, a 19% increase year-over-year. Operating income rose by 15% to $71.3 million. However, the operating margin slightly decreased to 10.1%. Diluted EPS reached $0.94, up 41% from the previous year. The company faced challenges with driver pay and productivity but successfully integrated its recent ECM acquisition. Additionally, Werner's logistics segment saw substantial revenue growth, with a 35% increase.
Werner Enterprises (NASDAQ: WERN) has integrated Daimler Trucks North America's (DTNA) API into its fleet management platform, enhancing service communications and efficiency. This integration aims to boost uptime for drivers and improve repair processes at DTNA dealerships. Notably, it reduces the average number of calls per repair event from 12 to 2, cutting down event call time by 10 minutes and decreasing dwell time by 30%. Werner's collaboration with DTNA follows industry standards and represents a step in the company’s innovation strategy to increase productivity and efficiency.
Werner Enterprises (NASDAQ: WERN) will announce its third quarter 2021 earnings on October 28, 2021, after market close. A conference call to discuss earnings and the updated outlook for 2021 will start at 4:00 p.m. CT. Investors can access the news release and live webcast on the company’s Investor page. Werner reported $2.4 billion in revenues for 2020, providing truckload transportation and logistics services across North America, with a commitment to sustainability and diversity.
Werner Enterprises announces that Jaime Maus and Cesile Johnson have received the 2021 Women in Supply Chain Award from Supply & Demand Chain Executive. Maus played a key role in transitioning to an Electronic Logging Device system, while Johnson focuses on enhancing tech deployment for drivers. Both contribute significantly to advancements in safety and technology. This award highlights female leaders in supply chain, recognizing their impact across various industries.
Werner Enterprises (Nasdaq: WERN) has been recognized with multiple awards, including the Quest for Quality Award from Logistics Management and Top 10 3PL Provider from Inbound Logistics, marking five consecutive years of accolades. These honors reflect outstanding customer satisfaction and service in logistics and transportation. Chairman Derek Leathers praised the company's team for delivering reliable service during the pandemic. With 2020 revenues of $2.4 billion, Werner continues to lead in truckload transportation, offering a range of logistics solutions and maintaining a commitment to sustainability.
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