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.
On June 12, 2020, Werner Enterprises (NASDAQ: WERN) was recognized as a 2020 Green Supply Chain Partner by Inbound Logistics, highlighting its commitment to sustainability. The company has achieved significant milestones, including reducing its carbon footprint by over 3.2 million tons and saving more than 287 million gallons of fuel since 2007. Werner's focus on fuel efficiency and technology underscores its efforts towards sustainable operations in the transportation and logistics sector.
On June 4, 2020, Werner Enterprises (NASDAQ: WERN) announced the transition of leadership as CL Werner stepped down as Executive Chairman effective May 31, 2020. He will remain as Chairman of the board until May 2021, after which he will assume the title of Chairman Emeritus. Derek Leathers, current CEO and President, was appointed Vice Chairman of the board. CL Werner, who founded the company in 1956, expressed confidence in Leathers' leadership and the company's strong position. Werner Enterprises is a leading transportation and logistics provider with a global presence.
Werner Enterprises announced a public offering of 12,845,930 shares of its common stock priced at $41.00 per share, conducted by the Clarence L. Werner Revocable Trust. The offering includes a 30-day option for underwriters to purchase an additional 1,284,593 shares. Morgan Stanley is the sole book-running manager, and the offering is set to close on June 8, 2020. The company will not receive any proceeds from this offering, which is registered with the SEC. This sale does not involve the company's direct share issuance, potentially affecting investor sentiment.
Werner Enterprises (Nasdaq: WERN) announced on June 2, 2020, that Clarence L. Werner has stepped down as Executive Chairman as of May 31, 2020, continuing as Chairman of the board until May 2021, after which he will become Chairman Emeritus. Derek Leathers, CEO, is appointed Vice Chairman and is recommended to be named Chairman upon Mr. Werner's transition. Additionally, the company disclosed a public offering of 12,845,930 shares by the Clarence L. Werner Revocable Trust, with no proceeds going to the company itself. Morgan Stanley serves as the sole underwriter for the offering.
Werner Enterprises (NASDAQ: WERN) has launched Werner EDGE, a new initiative focused on technology and innovation in the transportation sector. This program aims to enhance both driver and customer experiences through advanced solutions. Initial offerings include a tablet-based telematics solution for improved safety and efficiency, a Critical Event Management system utilizing machine learning for real-time coaching, and a Breakdown Management tool to streamline repairs during road breakdowns. Werner plans to introduce more innovations throughout 2020.
Werner Enterprises, a top logistics company, announced its participation in two significant virtual investment conferences. The BofA Securities Transportation and Industrials Conference will take place on May 11, 2020, featuring a fireside chat with CEO Derek J. Leathers and Executive VP John J. Steele. The 13th Annual Wolfe Virtual Global Transportation & Industrials Conference is scheduled for May 19, 2020, with a panel Q&A led by Leathers. Live webcasts and materials will be available on Werner's website, which also offers updates as needed.
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