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. reports news about truckload transportation and logistics services across the United States, Mexico and Canada. Company updates commonly cover Dedicated and One-Way Truckload operations, Werner Logistics services, truckload brokerage, freight management, intermodal transportation, final mile delivery and cross-border shipping capacity.
Recurring developments include quarterly operating results, fleet and utilization trends, customer retention, acquisition integration, dividend declarations, investment-conference communications and safety or driver-workforce recognition. News also reflects the role of Werner EDGE technology and intermodal assets in the company’s transportation network.
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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Werner Enterprises has signed a letter of intent to purchase 500 Cummins 15-liter hydrogen internal combustion engines, pending availability. Both companies are focused on sustainability, with Werner targeting a 55% reduction in greenhouse gas emissions by 2035. Cummins aims to manufacture hydrogen engines at scale by the end of the decade, highlighting their potential in the decarbonization journey. The engines are designed to integrate seamlessly with existing systems, offering low costs and durability comparable to diesel engines.
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Werner Enterprises (WERN) has declared a quarterly cash dividend of $0.13 per common share, payable on October 18, 2022, to stockholders of record as of October 3, 2022. This dividend marks the continuation of Werner's commitment to returning value to its shareholders, having consistently paid dividends since July 1987. In 2021, the company reported revenues of $2.7 billion and is recognized for its innovative logistics services across North America.
Werner Enterprises, a leading transportation and logistics provider, announced its participation in two upcoming investment conferences. The Susquehanna Virtual Industrials, Energy & Airline Conference is scheduled for August 11, 2022, and the Cowen Virtual Global Transportation & Sustainable Mobility Conference will take place on September 7, 2022. Key executives, including CEO Derek J. Leathers and CFO John J. Steele, will speak during the Cowen conference. Investor materials will be available on the company’s website before each event. Werner generated revenues of $2.7 billion in 2021.
Werner Enterprises (Nasdaq: WERN) announced the retirement of John J. Steele, EVP, Treasurer, and CFO, after 33 years with the company. Steele, who has served as CFO for 25 years, will assist in the transition to his successor. Chairman Derek J. Leathers praised Steele's contributions and leadership in positioning Werner as a leading transportation and logistics provider. The company is now in search of a new CFO while Steele remains in his roles to ensure a smooth transition. Werner achieved $2.7 billion in revenue in 2021 and is committed to sustainability and diversity.
Werner Enterprises reported Q2 2022 revenues of $836.3 million, up 29% YoY, with a diluted EPS of $1.12, a 6% increase. Operating income fell 3% to $74.9 million, reflecting unexpected insurance costs rising $20.3 million due to prior accident claims. The Truckload Transportation Services segment saw revenue growth of 25%, but operating income decreased by 12% amid rising costs. Conversely, Werner Logistics achieved an operating income increase of 218%. The company plans to invest in new equipment amid a 2% to 5% growth outlook for truck capacity.