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Werner Enterprises (WERN) is a leading transportation and logistics provider operating one of North America's largest truckload fleets. This page aggregates official company announcements and verified news coverage for investors and industry observers.
Access timely updates on operational developments, financial performance, and strategic initiatives. Track press releases covering earnings reports, service expansions, technology implementations, and regulatory compliance matters relevant to the freight sector.
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Werner Enterprises (Nasdaq: WERN), a prominent transportation and logistics provider, is set to participate in the Wolfe Research 17th Annual Global Transportation and Industrials Conference on May 22, 2024, in New York. Key executives, including CEO Derek J. Leathers and CFO Christopher D. Wikoff, will represent Werner. Leathers will also be part of a panel discussion from 11:30 a.m. to 12:15 p.m. ET. A live webcast will be available on Werner's website under the 'Investors' section. Werner Enterprises boasts 2023 revenues of $3.3 billion, a modern fleet, and nearly 14,000 associates, providing essential truckload transportation and logistics services across North America. The company emphasizes sustainability, diversity, equity, and inclusion.
Werner Enterprises, Inc. reported Q1 2024 results with total revenues of $769.1 million, down 8%, operating income of $15.6 million, down 71%, and diluted EPS of $0.10, down 82%. Despite market challenges, the company focused on cost control, generating solid cash flow, reducing debt, and repurchasing shares. Truckload Transportation Services revenue decreased by 6%, Logistics revenue declined by 11%, and the company experienced losses in strategic investments. Cash flow from operations decreased by 47%, and net capital expenditures saw an 81% decrease.
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