Werner Entprise Stock Price, News & Analysis

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.