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) announces its Driver Appreciation Spring Celebration from March 29 to April 9, 2021. This annual event honors professional drivers with complimentary meals and gifts at terminals nationwide. With over 10,000 drivers covering three million miles daily, the initiative emphasizes Werner's commitment to recognizing their hard work, especially during the pandemic. Founded in 1956, Werner is a leading transportation and logistics provider, with operations across North America and a diverse service portfolio.
Werner Enterprises (NASDAQ: WERN) announced a quarterly cash dividend of $.10 per share, payable to stockholders on May 4, 2021. This marks an increase of $.01 (11%) from the previous dividend of $.09 per share. Stockholders must be on record by April 19, 2021, to qualify for this payment. Werner has consistently paid dividends every quarter since July 1987, reflecting its strong commitment to returning value to shareholders. Founded in 1956, the company is a leading transportation and logistics provider across North America.
Werner Enterprises (NASDAQ: WERN) has opened a new 91,000 square-foot terminal in Lake City, Florida, enhancing operational capabilities. The facility occupies 36 acres and features modern driver amenities such as a lounge, fitness room, and shower facilities. It aims to host driver safety courses and provide nearly 70 local jobs. The terminal is a key part of Werner's 5Ts + S strategy, focusing on sustainability and driver support. This investment reflects Werner's commitment to improving driver experiences and operational efficiency amid evolving industry challenges.
Werner Enterprises reported its fourth quarter 2020 financial results, showcasing total revenues of $620.3 million, flat year-over-year and up 5% sequentially. Operating income climbed 24% YoY to $81.5 million, while diluted EPS rose 26% to $0.88. Notably, the company's operating margin improved 250 basis points to 13.1%. Despite flat revenues, effective cost management led to margin expansion. The logistics segment saw an 8% revenue increase, though the operating margin decreased. Cash flow from operations reached $99.5 million.
Werner Enterprises (NASDAQ: WERN) announced its participation in two virtual transportation and logistics conferences. The first is the Stifel 2021 Virtual Transportation and Logistics Conference on February 9, 2021, featuring a fireside chat from 10:20 to 10:50 a.m. CT with CEO Derek J. Leathers and CFO John J. Steele. The second is the Barclays Industrial Select Conference on February 17, 2021, from 9:50 to 10:20 a.m. CT. Live webcasts will be available on its website, with archives accessible for 30 days. For updates, visit Werner's website.
Werner Enterprises has launched a new carrier portal, Carrier’s EDGE, aimed at enhancing communication and visibility for alliance carriers. This platform allows carriers to access Werner freight, manage preferences, view tracking, and directly communicate with Werner associates anytime. As part of Werner EDGE's commitment to innovation, the portal integrates with Trucker Tools for improved freight matching and management. New features will be added throughout the year to further enhance the carrier experience.
Werner Enterprises (NASDAQ: WERN) announced the sale of its Werner Global Logistics (WGL) freight forwarding services to Scan Global Logistics Group (SGL). This strategic move allows Werner to concentrate on its North American logistics services, including truck brokerage and freight management. The sale, generating $53 million in revenue for fiscal 2020, is expected to yield a gain of one cent per diluted share and is set to close on February 26, 2021. The partnership with SGL will enhance WGL customers' access to SGL's global logistics network.
Werner Enterprises (NASDAQ: WERN) has announced an equity investment in TuSimple, an autonomous trucking technology firm, aligning with its Werner EDGE technology initiative. This partnership aims to enhance driver safety, improve shipment efficiency, and further Werner's commitment to sustainability in trucking. TuSimple focuses on scaling self-operating technologies, which Werner will leverage for automated driving systems. The collaboration underscores Werner's promise to advance industry standards for safety and environmental responsibility as part of its strategic growth and innovation efforts.
Werner Enterprises (NASDAQ: WERN) will announce its fourth quarter and full year earnings on February 4, 2021, post-market close. The company will host a conference call at 4:00 p.m. CT to discuss the results and the outlook for 2021. Interested participants can access the conference call by dialing (844) 701-1165 domestically or (412) 317-5498 internationally. A replay will be available from February 4, 2021, at 6:00 p.m. CT to March 4, 2021. The details can also be found in the Investors section of their website.
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