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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.
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Werner Enterprises (Nasdaq: WERN) celebrates 25 years of operations in Mexico. Starting in 1999 with a small office in Mexico City, the company now has a significant presence with multiple offices and strategically located terminals along the U.S.-Mexico border. These include locations in Brownsville, Nogales, Calexico, and San Diego. Key milestones include the inauguration of the Laredo Terminal in 2001, the purchase of the El Paso terminal in 2006, and the opening of a refrigerated cross-dock at Laredo in 2019. Werner's service offerings have expanded from a through-trailer dry van service to include temperature-controlled, brokerage, intermodal, and cross-docking services. With C-TPAT certification received in 2003, the company emphasizes security and compliance in its cross-border operations. Werner's Chairman and CEO, Derek Leathers, acknowledges the challenges but highlights the company's experience and strong relationships in overcoming these obstacles. Currently, Werner's Cross-Border Team consists of 150 associates across 10 offices in Mexico and the U.S.
Werner (Nasdaq: WERN) has been honored with the 2024 Top Supply Chain Projects award by Supply & Demand Chain Executive for its AI-powered dynamic pricing engine. This innovative solution optimizes transportation costs, enhances pricing accuracy, and streamlines pricing processes. The development was initiated to address limitations in flexibility and outdated technology of the previous platform. Werner's new engine has resulted in significant improvements, including better efficiency, increased customer satisfaction, faster response times, and cost optimization. Executive VP Daragh Mahon highlights the company's commitment to innovation and internal process upgrades. This award recognizes Werner’s efforts in making the supply chain more efficient, safe, and reliable.
Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics provider, is set to release its second quarter earnings on July 30, 2024, after market close. The company will hold an earnings call at 4:00 p.m. CT the same day to discuss the results and outlook for 2024. The earnings release, live webcast, and slides will be accessible on Werner's website in the “Investors” section. Interested parties can join the call by dialing (844) 701-1165 (domestic) or (412) 317-5498 (international). A replay will be available from 6:00 p.m. CT on July 30 through August 31, 2024, by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international) and using access code 5388433. Webcast replays will also be posted on Werner's website.
Werner Enterprises has been recognized as a Top 3PL and Cold Storage Provider by Food Logistics for the eighth consecutive year. This accolade underscores Werner's commitment to delivering essential refrigerated food and beverage products nationwide. Highlighting its innovative technology solutions, modern fleet, skilled drivers, and extensive carrier network, Werner continues to address supply chain challenges effectively. Additionally, Werner's state-of-the-art facility in Laredo, Texas, enhances its cross-docking capabilities for refrigerated goods. The award recognizes companies that advance in temperature monitoring, transportation, and warehouse management systems.
Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics provider, will participate in the 2024 Wells Fargo Industrials Conference on June 11, 2024, in Chicago, Illinois. Key speakers include CEO Derek J. Leathers and CFO Christopher D. Wikoff. The company will host a fireside chat from 12:00 p.m. to 12:35 p.m. CT, with a live webcast accessible on the Werner website. Werner Enterprises, with 2023 revenues of $3.3 billion, operates a modern fleet and employs nearly 14,000 people. They offer various truckload and logistics services and are committed to sustainability and diversity.
Werner Enterprises has integrated a 2021 International RH Series hydrogen fuel cell truck into its fleet, underscoring its dedication to sustainability and innovation. This Class 8 vehicle features a 226" wheelbase and operates emissions-free, thanks to technology from Accelera by Cummins. This move aligns with Werner's goal to reduce its carbon footprint by 55% by 2035. The truck will be showcased at the Advanced Clean Transportation Expo in Las Vegas from May 20-23. Werner's collaboration involves industry leaders like Accelera, Navistar, SoCal Gas, and the U.S. Department of Energy. Werner aims to test and validate new technologies to enhance fuel efficiency and reduce pollution, further demonstrating its commitment to a greener future.
Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics company, announced significant actions by its Board of Directors on May 14, 2024. The Board approved a new stock repurchase program, allowing the company to buy back up to 5 million shares of its common stock. This new program replaces the previous authorization, which had 1.6 million shares remaining. The program will be active until the Board decides to withdraw it.
Additionally, the Board declared a regular quarterly cash dividend of $0.14 per common share, payable on July 17, 2024, to shareholders recorded by July 1, 2024. Werner Enterprises has consistently paid quarterly dividends since July 1987.
Werner Enterprises (Nasdaq: WERN), a prominent transportation and logistics provider, is set to participate in the Wolfe Research 17th Annual Global Transportation and Industrials Conference on May 22, 2024, in New York. Key executives, including CEO Derek J. Leathers and CFO Christopher D. Wikoff, will represent Werner. Leathers will also be part of a panel discussion from 11:30 a.m. to 12:15 p.m. ET. A live webcast will be available on Werner's website under the 'Investors' section. Werner Enterprises boasts 2023 revenues of $3.3 billion, a modern fleet, and nearly 14,000 associates, providing essential truckload transportation and logistics services across North America. The company emphasizes sustainability, diversity, equity, and inclusion.
Werner Enterprises, Inc. reported Q1 2024 results with total revenues of $769.1 million, down 8%, operating income of $15.6 million, down 71%, and diluted EPS of $0.10, down 82%. Despite market challenges, the company focused on cost control, generating solid cash flow, reducing debt, and repurchasing shares. Truckload Transportation Services revenue decreased by 6%, Logistics revenue declined by 11%, and the company experienced losses in strategic investments. Cash flow from operations decreased by 47%, and net capital expenditures saw an 81% decrease.
