Werner Entprise Stock Price, News & Analysis

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.

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.