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 (WERN) is a leading transportation and logistics provider operating one of North America's largest truckload fleets. This page aggregates official company announcements and verified news coverage for investors and industry observers.
Access timely updates on operational developments, financial performance, and strategic initiatives. Track press releases covering earnings reports, service expansions, technology implementations, and regulatory compliance matters relevant to the freight sector.
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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.
Werner Enterprises, Inc. (NASDAQ: WERN) will announce its Q1 2021 earnings on April 28, 2021, post-market close, followed by a conference call at 4:00 p.m. CT. The call will cover the earnings results and an updated outlook for 2021. Investors can access the earnings release and live webcast on the company’s Investors section of its website. A replay will be available after the call until May 28, 2021. Werner, a leading transportation and logistics provider, is headquartered in Omaha, Nebraska, and operates across North America.
Werner Enterprises (NASDAQ: WERN) announces its Driver Appreciation Spring Celebration from March 29 to April 9, 2021. This annual event honors professional drivers with complimentary meals and gifts at terminals nationwide. With over 10,000 drivers covering three million miles daily, the initiative emphasizes Werner's commitment to recognizing their hard work, especially during the pandemic. Founded in 1956, Werner is a leading transportation and logistics provider, with operations across North America and a diverse service portfolio.
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.
