Welcome to our dedicated page for Werner Entprise news (Ticker: WERN), a resource for investors and traders seeking the latest updates and insights on Werner Entprise 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) is set to release its second quarter 2021 earnings on July 29, 2021, after market close. A conference call will occur at 4:00 p.m. CT the same day, providing insights into earnings and the updated outlook for 2021. The company's revenue for 2020 was $2.4 billion, showcasing its reputation as a leading transportation and logistics provider across North America. Investors can access the news release and conference call via the company's investor relations page.
Werner Enterprises (NASDAQ: WERN) has been recognized for its innovative Carrier's EDGE platform, which streamlines communication and enhances visibility for alliance carriers. The platform, launched in 2021, received the Top Supply Chain Projects Award for 2021 from Supply & Demand Chain Executive. This recognition highlights Werner's commitment to innovation amidst industry challenges. The company's technology initiative, Werner EDGE, aims to optimize solutions for drivers and carriers, enhancing their operational experience while maintaining operational integrity.
Werner Enterprises (NASDAQ: WERN) has integrated Navistar International® 360 (I360) into their operations to enhance service communications and fleet management. This cloud-based platform aims to improve efficiency for drivers and associates alike, reducing repair event handling time by an average of ten minutes. The initiative supports Werner's digital transformation and strengthens their leadership in the logistics industry. With 2020 revenues of $2.4 billion, Werner continues to focus on delivering superior transportation and logistics services while promoting sustainability and diversity.
Werner Enterprises (NASDAQ: WERN) announces its participation in several upcoming virtual investment conferences. Key events include the BofA Securities 2021 Virtual Conference on May 20, featuring a fireside chat with CEO Derek J. Leathers and CFO John J. Steele, as well as the Wolfe Conference on May 26 and the KeyBanc Capital Markets Conference on June 2. Live webcasts will be available on the company's website. Werner reported $2.4 billion in revenue in 2020 and remains a leading provider of truckload and logistics services in North America.
Werner Enterprises (NASDAQ: WERN) has declared a quarterly cash dividend of $0.12 per share, marking a 20% increase from the previous $0.10. This dividend will be paid on July 20, 2021, to stockholders of record by the close of business on July 6, 2021. The company has consistently paid dividends since July 1987. With 2020 revenues of $2.4 billion and nearly 13,000 employees, Werner is a key player in the transportation and logistics sector, providing various services across the U.S., Mexico, and Canada.
Werner Enterprises (NASDAQ: WERN) announced a transition in board leadership on May 11, 2021. Clarence L. Werner, the founder and former Chairman, is now Chairman Emeritus. Derek J. Leathers, who has over 30 years in the transportation industry and has been with the company for more than 20 years, is appointed Chairman, President, and CEO. The company reported 2020 revenues of $2.4 billion and operates a modern fleet to provide logistics services across North America. The leadership change aims to uphold the company’s legacy, emphasizing commitment to professional drivers and service integrity.
Werner Enterprises reported strong financial results for Q1 2021, with total revenues of $616.4 million, a 4% increase year-over-year. Operating income surged 101% to $62.5 million, while diluted EPS rose 106% to $0.68. Logistics revenues grew 23% to $137.9 million, driven by increased pricing. Although miles per truck decreased due to severe winter weather, the company achieved margin expansion and improved operating ratios. Noteworthy, Werner made strategic investments in autonomous technology and completed the sale of its Global Logistics services.
Werner Enterprises (NASDAQ: WERN) announces its participation in the Hyliion Hypertruck Innovation Council to foster collaboration and innovation in the transportation industry. Chad Dittberner, Senior VP of Van/Expedited, will represent Werner in this initiative aimed at developing sustainable solutions for Class 8 commercial trucks, focusing on electrification and reducing emissions. Werner will be among the first to use Hyliion's Hypertruck ERX, which utilizes an electric powertrain powered by renewable natural gas. The company emphasizes sustainability as part of its operational strategy.
Embark, an autonomous trucking technology developer, has initiated its Partner Development Program in collaboration with Werner Enterprises, Mesilla Valley Transportation, and Bison Transport. This program aims to enhance autonomous trucking efficiency and safety by allowing carriers to operate Embark-equipped trucks through a software-based licensing model. Key solutions include the Embark Driver for navigation and the Embark Guardian for fleet management. The initiative seeks to leverage carriers' expertise while expanding autonomous truck deployment across U.S. freight lanes. Additionally, major shippers like AB InBev are participating to optimize integration.
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