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 (NASDAQ: WERN) announced a quarterly cash dividend of $.10 per share, payable to stockholders on May 4, 2021. This marks an increase of $.01 (11%) from the previous dividend of $.09 per share. Stockholders must be on record by April 19, 2021, to qualify for this payment. Werner has consistently paid dividends every quarter since July 1987, reflecting its strong commitment to returning value to shareholders. Founded in 1956, the company is a leading transportation and logistics provider across North America.
Werner Enterprises (NASDAQ: WERN) has opened a new 91,000 square-foot terminal in Lake City, Florida, enhancing operational capabilities. The facility occupies 36 acres and features modern driver amenities such as a lounge, fitness room, and shower facilities. It aims to host driver safety courses and provide nearly 70 local jobs. The terminal is a key part of Werner's 5Ts + S strategy, focusing on sustainability and driver support. This investment reflects Werner's commitment to improving driver experiences and operational efficiency amid evolving industry challenges.
Werner Enterprises reported its fourth quarter 2020 financial results, showcasing total revenues of $620.3 million, flat year-over-year and up 5% sequentially. Operating income climbed 24% YoY to $81.5 million, while diluted EPS rose 26% to $0.88. Notably, the company's operating margin improved 250 basis points to 13.1%. Despite flat revenues, effective cost management led to margin expansion. The logistics segment saw an 8% revenue increase, though the operating margin decreased. Cash flow from operations reached $99.5 million.
Werner Enterprises (NASDAQ: WERN) announced its participation in two virtual transportation and logistics conferences. The first is the Stifel 2021 Virtual Transportation and Logistics Conference on February 9, 2021, featuring a fireside chat from 10:20 to 10:50 a.m. CT with CEO Derek J. Leathers and CFO John J. Steele. The second is the Barclays Industrial Select Conference on February 17, 2021, from 9:50 to 10:20 a.m. CT. Live webcasts will be available on its website, with archives accessible for 30 days. For updates, visit Werner's website.
Werner Enterprises has launched a new carrier portal, Carrier’s EDGE, aimed at enhancing communication and visibility for alliance carriers. This platform allows carriers to access Werner freight, manage preferences, view tracking, and directly communicate with Werner associates anytime. As part of Werner EDGE's commitment to innovation, the portal integrates with Trucker Tools for improved freight matching and management. New features will be added throughout the year to further enhance the carrier experience.
Werner Enterprises (NASDAQ: WERN) announced the sale of its Werner Global Logistics (WGL) freight forwarding services to Scan Global Logistics Group (SGL). This strategic move allows Werner to concentrate on its North American logistics services, including truck brokerage and freight management. The sale, generating $53 million in revenue for fiscal 2020, is expected to yield a gain of one cent per diluted share and is set to close on February 26, 2021. The partnership with SGL will enhance WGL customers' access to SGL's global logistics network.
Werner Enterprises (NASDAQ: WERN) has announced an equity investment in TuSimple, an autonomous trucking technology firm, aligning with its Werner EDGE technology initiative. This partnership aims to enhance driver safety, improve shipment efficiency, and further Werner's commitment to sustainability in trucking. TuSimple focuses on scaling self-operating technologies, which Werner will leverage for automated driving systems. The collaboration underscores Werner's promise to advance industry standards for safety and environmental responsibility as part of its strategic growth and innovation efforts.
Werner Enterprises (NASDAQ: WERN) will announce its fourth quarter and full year earnings on February 4, 2021, post-market close. The company will host a conference call at 4:00 p.m. CT to discuss the results and the outlook for 2021. Interested participants can access the conference call by dialing (844) 701-1165 domestically or (412) 317-5498 internationally. A replay will be available from February 4, 2021, at 6:00 p.m. CT to March 4, 2021. The details can also be found in the Investors section of their website.
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