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 been awarded the 2024 SmartWay Excellence Award by the U.S. Environmental Protection Agency (EPA) for the ninth time. This prestigious recognition highlights Werner's leadership in freight supply chain energy and environmental performance. The company was honored in three categories: large truckload/dry van, small flatbed, and small intermodal-dray.
Werner's sustainability achievements include:
- Investing in fuel-efficient trucks and trailers with advanced aerodynamic technology
- Testing innovative fleet technologies like biodiesel fuel blends and electric vehicles
- Optimizing routes and leveraging logistics technologies to minimize fuel consumption
- Collaborating with industry partners to promote sustainable practices
The company aims to reduce its carbon footprint by 55% by 2035. Werner's commitment to sustainability not only benefits the environment but also drives efficiency and value for customers and stakeholders.
Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics provider, has announced its plans to release third quarter 2024 earnings on Tuesday, October 29, 2024, after market close. The company will host a conference call at 4:00 p.m. CT on the same day to discuss the results and provide a 2024 outlook.
Investors can access the news release, live webcast, and accompanying slide presentation on Werner's website. To join the call, dial (844) 701-1165 (domestic) or (412) 317-5498 (international). A replay will be available until November 29, 2024, by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international) with access code 8096197. The webcast replay will also be accessible on Werner's website.
Werner Enterprises (Nasdaq: WERN) is set to celebrate National Truck Driver Appreciation Week from September 15-21, 2024. The company plans to honor its professional drivers at various terminals and dedicated sites across its network. Werner's leadership, including CEO Derek Leathers and President Nathan Meisgeier, expressed gratitude for the drivers' essential role in the economy and their dedication to safe, punctual deliveries.
Werner emphasizes its commitment to drivers through top-tier safety programs, state-of-the-art fleet equipment, driver-centric technology, and competitive compensation. With 2023 revenues of $3.3 billion and a workforce of over 13,000 associates, Werner provides truckload transportation and logistics services across the United States, Mexico, and Canada. The company offers Dedicated and One-Way Truckload services, as well as Logistics services including brokerage, freight management, intermodal, and final mile delivery.
Werner Enterprises (Nasdaq: WERN) has been named a 2024 Top Green Fleet by Heavy Duty Trucking, recognizing its commitment to reducing carbon emissions. The company aims to cut greenhouse gas emissions by 55% by 2035 through innovative operations, fleet advancements, and technology. Werner is actively testing sustainable truck models, alternative energy, and fuel options to increase efficiency and reduce idling.
This recognition places Werner among 15 companies addressing the transportation industry's carbon impacts. The company's 2024 goals focus on reporting and testing new strategies to further reduce emissions. Werner's efforts span fleet electrification, alternative fuels, cleaner engines, and 'green' facilities. With 2023 revenues of $3.3 billion, Werner operates across the US, Mexico, and Canada, employing over 13,000 associates and utilizing innovative EDGE® technology.
Werner Enterprises (Nasdaq: WERN) has been recognized by Forbes as one of America's Best Employers for Women 2024, ranking #7 in the Transportation and Logistics category. This accolade highlights Werner's commitment to fostering an inclusive workplace for women. The recognition was based on a survey of over 150,000 women working for companies with at least 1,000 employees in the U.S.
Key points:
- 16% of Werner's professional drivers are women, double the national average
- Werner offers leadership development programs and mentoring opportunities
- The company's Women's Leadership Alliance, founded in 2011, provides professional development experiences
- Werner's 2023 revenues were $3.3 billion
This recognition reinforces Werner's dedication to promoting gender equality and empowering women in the transportation and logistics industry.
Werner Enterprises (Nasdaq: WERN) has been named a 2024 Green Supply Chain Partner by Inbound Logistics for the 12th consecutive year. This recognition highlights Werner's commitment to sustainability and environmental leadership. The company aims to reduce greenhouse gas emissions by 55% by 2035 and has implemented innovative fleet technologies including CNG engines, battery electric vehicles, and a hydrogen fuel cell truck.
Werner has already achieved a 16% reduction in CO2 emissions compared to its 2020 baseline and participates in the EPA's SmartWay Transport Partnership. The company, with 2023 revenues of $3.3 billion, provides truckload transportation and logistics services across the United States, Mexico, and Canada, emphasizing sustainability as a key component of its Werner DRIVE℠ strategy.
Werner Enterprises (Nasdaq: WERN) has announced a regular quarterly cash dividend of $0.14 per common share, payable on October 23, 2024, to stockholders of record as of October 7, 2024. This continues the company's tradition of paying quarterly dividends since July 1987. Werner Enterprises is a major transportation and logistics company operating across the United States, Mexico, and Canada, with 2023 revenues of $3.3 billion. The company boasts a modern fleet, over 13,000 associates, and innovative Werner EDGE technology. It offers Dedicated and One-Way Truckload services, as well as Logistics services including truckload brokerage, freight management, intermodal, and final mile solutions.
Werner Enterprises (Nasdaq: WERN) has been recognized as the #3 Military Friendly® Company in the $1-5 billion revenue category for 2024, marking its second consecutive year in this position. The company also secured top rankings in several other Military Friendly® categories, including #5 Military Friendly® Employer, #3 Military Friendly® Spouse Employer, and #3 Military Friendly® Brand.
Werner's commitment to the military community is evident, with approximately 20% of its workforce comprised of veterans. The company offers tailored programs and benefits for military personnel, including a Military Skills Test Waiver Program and VA Educational Benefits. Additionally, Werner's Vice President of Field and Government Recruiting, Greg Hamm, has been named to the 2024 Veteran Champions of the Year in Corporate America list.
Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics provider, has announced its participation in two upcoming investment conferences. The company will attend the Susquehanna 2024 Virtual Industrials, Energy & Travel Conference on August 7, 2024, engaging in investor meetings. Additionally, Werner will participate in the Morgan Stanley 12th Annual Laguna Conference on September 12, 2024, in Laguna Beach, California.
At the Morgan Stanley conference, Chairman and CEO Derek J. Leathers and CFO Christopher D. Wikoff will present a fireside chat from 10:30 a.m. to 11:00 a.m. PT. A live webcast of this presentation will be available on Werner's website, with an archive accessible for 30 days following the event. Werner Enterprises reported 2023 revenues of $3.3 billion and operates a modern fleet serving customers across the United States, Mexico, and Canada.
Werner Enterprises reported second quarter 2024 results with total revenues of $760.8 million, down 6% year-over-year. Operating income decreased 58% to $19.6 million, while operating margin fell 320 basis points to 2.6%. Diluted EPS dropped 68% to $0.15. The company faced industry-wide headwinds but saw improvements in One-Way Truckload production and Mexico cross-border business. Werner implemented cost reduction measures and advanced its technology strategy. The Truckload Transportation Services segment saw a 6% revenue decline, while the Logistics segment experienced a 7% decrease. Despite challenges, Werner remains focused on positioning for market recovery and creating long-term shareholder value.
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