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) has partnered with Mastery Logistics Systems, investing in the MasterMind™ TMS to enhance its Werner EDGE initiative. This collaboration will implement MasterMind across all Werner Truckload Transportation Services, improving operational efficiencies and customer service. The partnership aims to drive product development while standardizing processes industry-wide. Werner's CIO emphasized that this move is essential for leveraging cloud-based technologies to advance fleet management and improve data exchange, ultimately benefiting drivers and customers.
Werner Enterprises (NASDAQ: WERN) has declared a quarterly cash dividend of $.09 per common share, payable to stockholders of record on January 4, 2021. The dividend will be disbursed on January 19, 2021. This marks a continued commitment to return value to shareholders, as Werner has consistently paid dividends since July 1987. Founded in 1956, Werner is a leading transportation and logistics company operating globally, with a diverse portfolio that includes various transportation services and logistics solutions.
Werner Enterprises (NASDAQ: WERN) has released an Environmental, Social and Governance (ESG) report detailing its sustainability initiatives. The company has improved fuel efficiency by over 29% and eliminated over 300 million gallons in fuel consumption since 2007. Werner's workforce includes 55% ethnically diverse drivers and 21% military veterans. Their ESG report emphasizes transparency with future milestone goals and commitments to diversity, equity, and inclusion. The inaugural Corporate Social Responsibility Report is set for release in 2021.
Werner Enterprises (NASDAQ: WERN) has been named a finalist for the Hiring Our Heroes Military Spouse Employment and Mentoring Award, reflecting its commitment to hiring military families. The award ceremony will take place on Nov. 18, 2020. This initiative supports employment opportunities for veterans and military spouses, emphasizing flexible work and stability through relocations. Derek Leathers, CEO, highlights the company's dedication to employing service members, while Jim Morbach, VP of Recruiting, acknowledges the positive impact of their military support programs.
Werner Enterprises reported third quarter 2020 financial results, highlighting total revenues of $590.2 million, down 5% year-over-year but up 4% sequentially. Operating income increased 16% to $62.1 million, with a margin of 10.5%, up 190 bps YoY. Record diluted EPS reached $0.67, a 19% increase from the previous year. The company announced a sustainability strategy with goals including a 55% reduction in carbon emissions by 2035. Despite uncertainties from COVID-19, demand for services remains strong.
Werner Enterprises (NASDAQ: WERN) will participate in two upcoming investment virtual teleconferences. The Baird 2020 Global Industrial Conference is scheduled for November 11, 2020, featuring a fireside chat from 1:35 p.m. to 2:05 p.m. CT. The Stephens Investment Conference will follow on November 18, 2020, from 10:00 a.m. to 10:45 a.m. CT. Both sessions will include CEO Derek J. Leathers and CFO John J. Steele. Live audio webcasts will be available on Werner’s website, with archives accessible for 30 days post-event. Check the website for updates on the event schedule.
Werner Enterprises (NASDAQ: WERN) has announced the appointment of Carmen A. Tapio to its Board of Directors, effective after the November 10, 2020 meeting. Tapio, currently the CEO of North End Teleservices, brings extensive leadership experience and a focus on diversity issues. She will serve on the Compensation Committee and the Nominating & Governance Committee. Dwaine J. Peetz, Jr., M.D., a director for 10 years, will retire at this meeting. Chairman Clarence L. Werner expressed gratitude for Peetz's contributions.
Werner Enterprises (NASDAQ: WERN) has been recognized by the Women in Trucking (WIT) Association as one of the Top Companies for Women to Work for in Transportation for the third consecutive year. The company attributes this accolade to its commitment to gender diversity, competitive benefits, and professional development. Women's representation in its driver workforce is nearly double the national average, with over 120 female drivers achieving one million accident-free miles. This recognition reflects Werner’s ongoing efforts to attract and support women in the transportation industry.
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