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) 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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Werner Enterprises (NASDAQ: WERN) has partnered with Mastery Logistics Systems, investing in the MasterMind™ TMS to enhance its Werner EDGE initiative. This collaboration will implement MasterMind across all Werner Truckload Transportation Services, improving operational efficiencies and customer service. The partnership aims to drive product development while standardizing processes industry-wide. Werner's CIO emphasized that this move is essential for leveraging cloud-based technologies to advance fleet management and improve data exchange, ultimately benefiting drivers and customers.
Werner Enterprises (NASDAQ: WERN) has declared a quarterly cash dividend of $.09 per common share, payable to stockholders of record on January 4, 2021. The dividend will be disbursed on January 19, 2021. This marks a continued commitment to return value to shareholders, as Werner has consistently paid dividends since July 1987. Founded in 1956, Werner is a leading transportation and logistics company operating globally, with a diverse portfolio that includes various transportation services and logistics solutions.
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Werner Enterprises (NASDAQ: WERN) has released an Environmental, Social and Governance (ESG) report detailing its sustainability initiatives. The company has improved fuel efficiency by over 29% and eliminated over 300 million gallons in fuel consumption since 2007. Werner's workforce includes 55% ethnically diverse drivers and 21% military veterans. Their ESG report emphasizes transparency with future milestone goals and commitments to diversity, equity, and inclusion. The inaugural Corporate Social Responsibility Report is set for release in 2021.
Werner Enterprises (NASDAQ: WERN) has been named a finalist for the Hiring Our Heroes Military Spouse Employment and Mentoring Award, reflecting its commitment to hiring military families. The award ceremony will take place on Nov. 18, 2020. This initiative supports employment opportunities for veterans and military spouses, emphasizing flexible work and stability through relocations. Derek Leathers, CEO, highlights the company's dedication to employing service members, while Jim Morbach, VP of Recruiting, acknowledges the positive impact of their military support programs.
Werner Enterprises reported third quarter 2020 financial results, highlighting total revenues of $590.2 million, down 5% year-over-year but up 4% sequentially. Operating income increased 16% to $62.1 million, with a margin of 10.5%, up 190 bps YoY. Record diluted EPS reached $0.67, a 19% increase from the previous year. The company announced a sustainability strategy with goals including a 55% reduction in carbon emissions by 2035. Despite uncertainties from COVID-19, demand for services remains strong.
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