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.
All content is curated to meet investor needs for decision-critical information. Bookmark this resource for direct access to WERN's corporate communications, market position updates, and logistics industry developments.
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.
Platform Science has partnered with Werner Enterprises (NASDAQ: WERN) to integrate its IoT fleet management technology across Werner's nearly 8,000 trucks. This collaboration aims to enhance operational efficiency, driver experience, and compliance. The new telematics device, EDGE Connect, will be rolled out to drivers by Q1 2021. The partnership underscores Werner's commitment to deploying state-of-the-art technology in fleet operations, facilitating customization and improved navigation.
