Welcome to our dedicated page for Werner Entprise news (Ticker: WERN), a resource for investors and traders seeking the latest updates and insights on Werner Entprise stock.
Werner Enterprises, Inc. (NASDAQ: WERN) is a transportation and logistics company that regularly issues detailed updates on its operations, financial performance and corporate actions. This news page aggregates press releases and other public announcements related to Werner’s truckload transportation services and Werner Logistics segment, giving readers a single view of the company’s latest disclosures.
Werner frequently reports quarterly and annual earnings, including segment revenues, operating income or loss, operating margins and non-GAAP adjustments for its Truckload Transportation Services and Werner Logistics businesses. These earnings releases often discuss trends in Dedicated and One-Way Truckload operations, shipment volumes and revenue mix in truckload logistics, intermodal and final mile, as well as the impact of insurance, claims and legal matters on results.
Investors can also follow capital allocation and shareholder return news, such as announcements of regular quarterly cash dividends and stock repurchase authorizations approved by the Board of Directors. Werner has highlighted its long history of paying quarterly dividends and has provided details on new and existing share repurchase programs, including authorization levels and repurchase activity.
Werner’s news flow includes legal and regulatory developments, such as updates on significant litigation, court rulings and settlements that affect the company’s financial statements and risk profile. The company also issues releases about participation in investment conferences, where management meets with investors and appears in fireside chats and webcasts.
In addition, Werner publishes news about workforce and recognition, including Military Friendly Employer rankings and programs supporting veterans and military families. For ongoing insight into WERN, readers can use this page to monitor earnings announcements, legal updates, conference participation, dividend declarations and other material events disclosed by Werner Enterprises.
Werner Enterprises (NASDAQ: WERN) has received two notable Military Friendly® designations for 2023, ranking No. 1 as a Top 10 Military Friendly® Spouse Employer and No. 4 as a Top 10 Military Friendly® Employer. This marks the highest recognition for the company in these categories. With approximately 20% of its workforce being veterans, Werner emphasizes its commitment to supporting military personnel in their career transitions. The Military Friendly® designations are awarded to organizations that demonstrate a strong commitment to creating career opportunities for the military community.
Werner Enterprises (Nasdaq: WERN) has acquired 100% of Reed Transport Services and RTS-TMS, Inc. (ReedTMS), a logistics provider based in Tampa, Florida. The acquisition aims to enhance Werner's freight brokerage capabilities and diversify its customer base. ReedTMS reported revenues of $372 million in the past year, with a focus on food and beverage industries. This deal aligns with Werner's DRIVE strategy and is expected to be accretive to earnings per share in the first year. ReedTMS will continue to function as an independent business unit within Werner.
Werner Enterprises (WERN) reported Q3 2022 revenues of $827.6 million, an 18% increase year-over-year. Operating income rose to $76.3 million, up 7%, while diluted EPS decreased by 8% to $0.86. The company faced headwinds in the freight market but achieved strong performance in its Dedicated fleet. Despite a decrease in operating margin by 90 basis points to 9.2%, non-GAAP adjusted EPS increased by 14% to $0.90. Werner's acquisition of Baylor Trucking, contributing $81.5 million in recent revenues, strengthens its portfolio.
Werner Enterprises (Nasdaq: WERN), a leading transportation and logistics firm, announced its upcoming participation in significant investment conferences. On November 9, 2022, at the Baird 2022 Global Industrial Conference in Chicago, key executives will present from 1:10 p.m. to 1:40 p.m. CT. Following this, on November 15, 2022, at the Stephens Annual Investment Conference in Nashville, presentations will be held from 11:00 a.m. to 11:45 a.m. CT. Live webcasts will be available on the Werner website, and recordings will be accessible for 30 days after each event.
Werner Enterprises (Nasdaq: WERN) has successfully acquired Baylor Trucking, enhancing its footprint in the East Central and South Central U.S. truckload markets. The acquisition adds a fleet of 200 trucks and 980 trailers, boosting Werner's operations by 2.4%. Baylor, which reported $81.5 million in revenues for the year ending August 31, 2022, will continue operating as a standalone unit under its brand. CEO Derek Leathers emphasized the acquisition's alignment with Werner's DRIVE strategy, projecting immediate accretive financial benefits and increased operational synergies.
Kodiak Robotics and Werner Enterprises have partnered to establish an autonomous trucking lane, enhancing the efficiency of freight operations. Initiating in August 2022, a pilot program demonstrated 100% on-time delivery over four tours between Dallas and Lake City, Florida, with a total of 152 driving hours. Werner has joined Kodiak's Partner Deployment Program to integrate the Kodiak Driver into its fleet. This collaboration signifies a key advancement in the trucking industry, combining human and autonomous operations to improve logistics efficiency.
Werner Enterprises (WERN) will announce its third quarter earnings on November 2, 2022, post-market. A conference call to discuss these results and provide an updated outlook for 2022 will commence at 4:00 p.m. CT. The earnings release, along with a live webcast and slide presentation, will be accessible on the company’s website under the 'Investors' section. Werner, a leader in truckload transportation and logistics, reported $2.7 billion in revenues for 2021, showcasing its commitment to sustainability and customer service excellence.
Werner Enterprises (NASDAQ: WERN) announced that Carolyn Barker, AVP of Data Management, Insights and Applications Support, received the Women in Supply Chain award for 2022 from Supply & Demand Chain Executive. This accolade honors female leaders for their mentorship and contributions to the supply chain industry. Barker's role includes leading the 'Cloud First, Cloud Now' initiative, enhancing integrations with third-party solutions. This recognition highlights Werner's commitment to fostering diversity and innovation within the transportation and logistics sector.
Werner Enterprises (Nasdaq: WERN) has released its Corporate Social Responsibility (CSR) Update Report, emphasizing the integration of Environmental, Social, and Governance (ESG) strategies into its business model. CEO Derek Leathers stated that the report benchmarks progress and outlines future goals. Key highlights include the formation of the WernerBlue Task Force, a new Volunteer Time Off program, and investments in alternative fuels. New goals include launching a supplier diversity program and anti-trafficking training by the end of 2023, signaling a strong commitment to sustainability and diversity efforts.
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