Werner Enterprises

Werner Enterprises, Inc. engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities. The Werner Logistics segment provides non-trucking services to customers such as truck brokerages which uses contracted carriers to complete customer shipments. The company was founded by Clarence L. Werner in 1956 and is headquartered in Omaha, NE.

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Werner Enterprises reports record earnings, eyes growth amid market challenges

Werner Enterprises showcased strong financial performance in 2022, driven by record earnings and revenue growth.
Challenges in One-Way Truckload and Logistics segments were offset by the success of the Dedicated fleet.
The company's strategic acquisitions and focus on sustainability position it well for future growth.
Werner's commitment to safety, ESG initiatives, and operational excellence underpin its confidence for the year ahead.

Werner Enterprises reports mixed Q1 results, eyes growth opportunities

Werner Enterprises navigated challenging Q1 freight conditions with a focus on the dedicated fleet. Despite higher expenses impacting earnings, the company saw revenue growth and operational improvements.
While facing challenges in certain segments, opportunities exist for rate improvements, growth in Mexico cross-border business, and enhanced driver satisfaction. The company remains committed to excellence and financial performance.
With a new CFO onboard and strategic acquisitions, Werner is poised for growth and resilience. Optimism for a stronger second half of 2023 and a bullish outlook on key business areas signal a positive trajectory.

Werner Enterprises reports Q2 revenue challenges but focuses on growth

Werner Enterprises faced revenue challenges but showed growth in key segments. The company is focused on cost control, efficiency, and margin improvement.
Optimism surrounds growth in logistics and digital offerings to reduce operating costs. Challenges include margin pressures and headwinds in certain segments.
Opportunities lie in improving market conditions, productivity gains, and cost-saving initiatives. Werner is navigating post-COVID recovery with a focus on operational execution.

Werner Enterprises faces Q3 challenges but eyes growth opportunities

Werner Enterprises navigated a tough Q3 with below-expectation results but remains optimistic about future benefits from cost-saving initiatives and tech investments. The company's focus on technology innovation, commitment to strategic reinvestment, and positive outlook on Dedicated services provide a strong foundation for growth. Challenges in pricing and margin pressure require careful management, but opportunities in strategic pricing adjustments and customer expansion offer avenues for improvement.

Werner Enterprises reports Q4 2023 earnings, eyes margin expansion

Werner Enterprises navigated a challenging 2023 with strategic cost savings and structural improvements. The company aims for margin expansion and operational efficiency in 2024, focusing on growth and capital allocation priorities.

Werner Enterprises tackles market challenges with resilience and strategic focus

Werner Enterprises navigated a tough Q1 with a focus on resilience, cost management, and operational excellence amidst challenging freight market conditions.
The company's strategic initiatives, including fleet modernization and margin guidance, aim to drive growth and capitalize on upcoming market dynamics.
Despite challenges, Werner remains committed to operational improvements, expense management, and strategic investments for future success.

Werner Enterprises reports improved Q2 earnings and strategic growth focus

Werner Enterprises' Q2 performance showed resilience amidst industry headwinds, with a focus on cost control and operational efficiency. While facing revenue challenges, the company remains committed to strategic growth initiatives and shareholder value creation.

Werner Enterprises faces Q3 challenges but positions for future growth

Werner Enterprises navigated challenges in Q3 with a focus on operational improvements and cost-saving initiatives while maintaining customer loyalty and driving growth.
Despite revenue declines, the company's strategic investments and focus on efficiency position it for future success and value creation in a challenging industry environment.
Acknowledgment of associates' dedication, emphasis on sustainable cost cutting, and leveraging operational strengths underscore Werner's commitment to resilience and growth.

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US Xpress Enterprises

Self-driving truck technology developer TuSimple expects to file a prospectus to sell public stock as soon as next week, according to published reports and people close to the situation. The company, with offices in San Diego and Beijing, has 50 Level 4 autonomous trucks running paid freight in Southwestern states.

Self-driving truck technology startup TuSimple nears stock offering

OMAHA, Neb., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is pleased to announce the opening of its new Lake City, Florida terminal.

Werner Enterprises Opens New Lake City, Florida Terminal

OMAHA, Neb., Feb. 19, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is honored to announce its recognition as a 2021 Military Friendly® Supplier Diversity Program by VIQTORY Media.

Werner Enterprises Named 2021 Military Friendly® Supplier Diversity Program

SunPower

SunPower Corporation (SPWR) CEO Tom Werner on Q4 2020 Results - Earnings Call Transcript

Appearing at the Barclays Industrial Select Conference, management from Werner Enterprises (NASDAQ: WERN) said the negative impacts from recent winter storms would result in a 3- to 4-cent hit to first-quarter earnings. The current consensus earnings estimate for the Omaha, Nebraska-based transportation and logistics provider is 67 cents per share.

Werner says weather hits Q1 earnings; capacity ‘cavalry' not coming

Werner Enterprises (NASDAQ: WERN) had just about the best earnings performance of any of the truckload carriers in the fourth quarter of 2020, based on the latest numbers released in recent weeks. On this week's Drilling Deep podcast, host John Kingston welcomes Deutsche Bank's Amit Mehrotra to discuss what's going on with Werner to post those kinds of numbers.

Drilling Deep: Reviewing Q4 earnings; how did Werner do so well?

Werner's (WERN) Q4 results benefit from reduced operating expenses and higher logistics revenues. However, lower fuel surcharge revenues hurt performance.

Werner's (WERN) Q4 Earnings Beat Estimates, Increase Y/Y

Werner Enterprises, Inc. (WERN) CEO Derek Leathers on Q4 2020 Results - Earnings Call Transcript

Werner (WERN) delivered earnings and revenue surprises of 14.10% and 1.39%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Werner Enterprises (WERN) Q4 Earnings and Revenues Top Estimates

Werner Enterprises (NASDAQ: WERN) continued the string of truckload carriers posting strong earnings results, with significant gains in all key metrics.  Operating income for the company as a whole rose to $82.7 million, a 30% gain from the fourth quarter of 2019.

Strong quarter for Werner, with one OR measure nearing 80%

OMAHA, Neb., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is honored to be the only trucking company recognized as a 2021 Military Friendly® Company by VIQTORY Media. It is the fifth consecutive year Werner has received this designation.

Werner Enterprises Named a 2021 Military Friendly® Company

A jury verdict absolving Werner Enterprises, Inc. (NASDAQ:WERN) and one of its drivers from liability for a fatal warehouse accident that occured in 2017 has been reversed and a new trial ordered. At issue is whether the jury that ruled against the widow of Harold Dayes, a worker at a Coca-Cola Co. (NYSE:KO) plant in Broward County, Florida, had improperly considered whether Dayes was wearing an earbud when he was run over by a Werner truck driven by Vincent Minott, a Werner driver.

New trial ordered in case of warehouse driver run over by Werner truck

Premier Transportation and Logistics Company Deploys New Portal, Delivers Increased Efficiencies and Capabilities for Carriers

Werner Enterprises Announces New Self-Service Carrier Portal, Carrier's Edge™

Werner Enterprises (NASDAQ: WERN) is selling its international freight forwarding segment, Werner Global Logistics, to a larger forwarding company, Scan Global Logistics Group. Terms of the sale were not disclosed by Werner.

Werner selling its international freight forwarding business

OMAHA, Neb., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises , Inc. (NASDAQ: WERN) (“Werner”), one of the nation's largest transportation and logistics companies, announced the sale of its Werner Global Logistics (“WGL”) freight forwarding services for international ocean and air shipments to Scan Global Logistics Group (“SGL”). Werner Logistics will continue to provide North American truck brokerage, freight management, intermodal and final mile services. Werner also entered into an agreement with SGL to offer comprehensive international logistics solutions to its existing and future North American customers. WGL provides services to customers with international freight forwarding operations primarily in the United States, China and Mexico.

Werner Enterprises Announces Sale of Werner Global Logistics to Scan Global Logistics Group

Werner Enterprises has proven itself over the years as a quality truckload and logistics service provider. The business has experienced some volatility over the years and this is likely to continue in the long run.

Werner Enterprises: A Good Prospect For The Long Haul

Lamb Weston Hlds

Lamb Weston Holdings, Inc. (LW) CEO Tom Werner on Q2 2021 Results - Earnings Call Transcript

OMAHA, Neb., Dec. 30, 2020 (GLOBE NEWSWIRE) -- W erner Enterprises, Inc. (NASDAQ: WERN), one of the nation's largest transportation and logistics companies, will release its fourth quarter and full year 2020 earnings on Thursday, February 4, 2021, after the market close. The company will also hold a conference call to discuss the fourth quarter and full year 2020 results and 2021 outlook on the same day, beginning at 4:00 p.m. CT.

Werner Enterprises to Announce Fourth Quarter and Full Year 2020 Earnings and Host Earnings Call on February 4, 2021

Deutsche Bank

Evercore

Morgan Stanley

Stifel Financial

Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Some are expecting the favorable truckload fundamentals that were in place in the back half of 2020 to continue unchanged though 2021.

2021 trucking outlook comes into focus

The pandemic has made planning for 2021 extremely difficult for businesses, and shippers are no different. As they look to lock in capacity and rates for next year, several unanswered questions are complicating the process: Are we in a freight peak?

Technology can help shippers navigate uncertain freight environment

Ryder System

Having surpassed 1 million downloads of its app earlier this year, Trucker Tools is not resting on its laurels. The provider of tools to improve visibility, trip planning and freight matching is now adding one-click cargo insurance coverage.

Trucker Tools adds Loadsure cargo insurance to app

OMAHA, Neb., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is pleased to announce Werner professional driver Ivan Hernandez as the winner of the 2020 Transition Trucking: Driving for Excellence Award. Hernandez received a fully-loaded Kenworth T680 during an announcement ceremony in Chillicothe, Ohio.

Werner Driver Ivan Hernandez Wins 2020 Driving for Excellence Award

J.B. Hunt Transport Services

Elevated demand and tight capacity have highlighted the trucking market for a few months now. Recent data points and commentary suggest this dynamic may not abate anytime soon as most supply chains still lack adequate inventory and the trucks needed to move it.

Thin inventories lengthen trucking demand runway

Werner Enterprises (NASDAQ: WERN) has been on a technology spree of late and that is continuing with the recent announcement of its investment in and deployment of Mastery Logistics Systems' MasterMind transportation management system (TMS). Werner will deploy the software-as-a-service solution across its Werner Truckload Transportation Services and Logistics business units.

Werner deploying MasterMind TMS, investing in Mastery Logistics Systems

Management from some of the nation's largest truckload (TL) carriers are having a tough time distinguishing between peak season and the new normal in a COVID world. Commenting at the Stephens Annual Investment Conference this week, Werner Enterprises (NASDAQ: WERN) CEO Derek Leathers said peak season ramped sooner than normal this year, starting from a much higher volume base.

News for Werner Enterprises Stock (WERN)