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 expanded its Werner Final Mile service to Canada, offering nationwide delivery for large items. This service employs two uniformed associates for safe, damage-free deliveries of heavy goods, enhancing Werner's capabilities in both the U.S. and Canadian markets. The initiative aims to bolster support for e-commerce customers and their delivery needs, drawing on over 20 years of experience in Canada. The expansion signifies a strategic move to engage more deeply with Canadian customers and enhance service offerings throughout North America.
Werner Enterprises (NASDAQ: WERN) will announce its Q2 2020 earnings on July 29, 2020, after market close, followed by a conference call at 4:00 p.m. CT to discuss results and provide an updated outlook for 2020. The earnings release and presentation will be available on the company’s investor website. A replay of the call will be accessible after 6:00 p.m. CT on the same day until August 29, 2020.
Founded in 1956, Werner is a leading transportation and logistics firm with global operations.
Werner Enterprises (NASDAQ: WERN) has been recognized for the eighth consecutive year as one of the Top Green Providers by Food Logistics. This award acknowledges companies that excel in environmentally responsible operations within the food and beverage sector. Werner's commitment to sustainability is evident through its participation in the Environmental Protection Agency's SmartWay program. The company's focus on technology aims to enhance cleaner supply chain practices, solidifying its role as an industry leader in sustainability.
On June 12, 2020, Werner Enterprises (NASDAQ: WERN) was recognized as a 2020 Green Supply Chain Partner by Inbound Logistics, highlighting its commitment to sustainability. The company has achieved significant milestones, including reducing its carbon footprint by over 3.2 million tons and saving more than 287 million gallons of fuel since 2007. Werner's focus on fuel efficiency and technology underscores its efforts towards sustainable operations in the transportation and logistics sector.
On June 4, 2020, Werner Enterprises (NASDAQ: WERN) announced the transition of leadership as CL Werner stepped down as Executive Chairman effective May 31, 2020. He will remain as Chairman of the board until May 2021, after which he will assume the title of Chairman Emeritus. Derek Leathers, current CEO and President, was appointed Vice Chairman of the board. CL Werner, who founded the company in 1956, expressed confidence in Leathers' leadership and the company's strong position. Werner Enterprises is a leading transportation and logistics provider with a global presence.
Werner Enterprises announced a public offering of 12,845,930 shares of its common stock priced at $41.00 per share, conducted by the Clarence L. Werner Revocable Trust. The offering includes a 30-day option for underwriters to purchase an additional 1,284,593 shares. Morgan Stanley is the sole book-running manager, and the offering is set to close on June 8, 2020. The company will not receive any proceeds from this offering, which is registered with the SEC. This sale does not involve the company's direct share issuance, potentially affecting investor sentiment.
Werner Enterprises (Nasdaq: WERN) announced on June 2, 2020, that Clarence L. Werner has stepped down as Executive Chairman as of May 31, 2020, continuing as Chairman of the board until May 2021, after which he will become Chairman Emeritus. Derek Leathers, CEO, is appointed Vice Chairman and is recommended to be named Chairman upon Mr. Werner's transition. Additionally, the company disclosed a public offering of 12,845,930 shares by the Clarence L. Werner Revocable Trust, with no proceeds going to the company itself. Morgan Stanley serves as the sole underwriter for the offering.
Werner Enterprises (NASDAQ: WERN) has launched Werner EDGE, a new initiative focused on technology and innovation in the transportation sector. This program aims to enhance both driver and customer experiences through advanced solutions. Initial offerings include a tablet-based telematics solution for improved safety and efficiency, a Critical Event Management system utilizing machine learning for real-time coaching, and a Breakdown Management tool to streamline repairs during road breakdowns. Werner plans to introduce more innovations throughout 2020.
Werner Enterprises, a top logistics company, announced its participation in two significant virtual investment conferences. The BofA Securities Transportation and Industrials Conference will take place on May 11, 2020, featuring a fireside chat with CEO Derek J. Leathers and Executive VP John J. Steele. The 13th Annual Wolfe Virtual Global Transportation & Industrials Conference is scheduled for May 19, 2020, with a panel Q&A led by Leathers. Live webcasts and materials will be available on Werner's website, which also offers updates as needed.
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