Werner Enterprises

Werner Enterprises expands final-mile service into Canada

Truckload carrier Werner Enterprises (NASDAQ: WERN) is expanding its final-mile service into Canada, aiming to get a larger slice of the exploding e-commerce market.

“Our experience in Canada for more than 20 years, combined with our delivery capability, will help many of our e-commerce customers serve new and existing customers in the Canadian market,” Craig Stoffel, vice president of global logistics and final mile for Werner Enterprises, said in a release.

Werner Final Mile logistics solutions...

https://s29755.pcdn.co/news/werner-enterprises-expands-final-mile-service-into-canada

Regulators give relief to Werner during ELD transition

Federal regulators are helping Werner Enterprises (NASDAQ: WERN) transition from Omnitracs to Platform Science electronic logging devices (ELDs) by temporarily exempting the carrier from certain data requirements as it makes the switch.

The exemption, issued by the Federal Motor Carrier Safety Administration (FMCSA) on July 6, acknowledges “incompatibility issues” between Omnitracs and Platform Science, and will therefore allow the company to leave blank five required data fields in the...

https://s29755.pcdn.co/news/regulators-give-relief-to-werner-during-eld-transition

Deutsche Bank sees some winners as earnings season approaches

Werner truck on highway

In a report to clients, Deutsche Bank (NYSE: DB) analyst Amit Mehrotra views the outlook for transportation equities as “favorable” heading into the second quarter earnings season.

He said transportation demand bottomed in late April with a slow but steady recovery since. Citing recent conversations with management teams at a dozen transportation companies and a sequentially improving demand backdrop, Mehrotra initiated favorable “catalyst calls” on Werner Enterprises (NASDAQ: WERN), XPO...

https://s29755.pcdn.co/news/deutsche-bank-sees-some-winners-as-earnings-season-approaches

Werner Enterprises enters next phase of leadership

Werner rig on highway

Recapping the announcement of founder CL Werner’s decision to step down as executive chairman of the board effective May 31, transportation and logistics provider Werner Enterprises (NASDAQ: WERN) offered additional insight into the founder’s legacy.

Werner launched the company with one truck at the age of 19 in 1956, according to the press release. He sold that truck and purchased two more, a process he would repeat throughout his early career. Werner has often been referred to as a visionary....

https://s29755.pcdn.co/news/werner-enterprises-enters-next-phase-of-leadership

Werner adds predictive freight matching with Trucker Tools platform

Werner Enterprises truck on highway

Continuing a trend that has seen major truckload carriers adopt flexible technology tools, Werner Enterprises (NASDAQ: WERN) has gone live with a suite of freight management and carrier engagement tools from Trucker Tools.

Among the tools Trucker Tools is supplying to Werner’s brokerage operation is real-time shipment visibility, predictive freight matching, automated booking, and electronic document capture.

“Supply chain visibility is critically important, particularly in these unprecedented...

https://www.freightwaves.com/news/werner-adds-predictive-freight-matching-with-trucker-tools-platform

Clarence Werner steps down as executive chairman of Werner Enterprises

Picture of Clarence L. Werner and Werner truck headed down highway

Transportation and logistics provider Werner Enterprises’ (NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L. Werner stepped down from the executive chair seat on May 31.

Werner will remain as chairman through his current term, which expires in May 2021. At that time, the company expects he will become Chairman Emeritus.

Current CEO and President Derek Leathers has been appointed to the board as a member and vice...

https://www.freightwaves.com/news/clarence-werner-steps-down-as-executive-chairman-of-werner-enterprises

COVID-19 taking bite out of the driver pool

Trucking companies are realigning hiring practices to focus on experienced drivers as the supply of student drivers falls dramatically because of COVID-19.

The shift is a direct result of driving schools that have closed and state driver licensing agencies (SDLAs) that have either cut back hours or shut down entirely during the pandemic. This is constricting the pipeline of entry-level drivers that many carriers rely on for more than half of their driver positions.

“A lot of the driving schools...

https://s29755.pcdn.co/news/covid-19-taking-bite-out-of-the-driver-pool

Investor conference highlights trucking headwinds, tailwinds as economic restart looms

unidentified rig on highway

The outlook from management teams of several truckload (TL) and transportation companies participating virtually in the Bank of America Transportation and Industrials Conference this week hasn’t changed dramatically from their earnings reports a couple of weeks ago. However, sentiment is improving slightly as more of the economy is poised to come back online.

Thoughts on the overall market

John Kuhlow, interim CFO at J.B. Hunt Transport Services (NASDAQ: JBHT), said some “uncertainty remains,”...

https://www.freightwaves.com/news/investor-conference-highlights-trucking-headwinds-tailwinds-as-economic-restart-looms

FreightWaves LIVE @HOME: Industry keynote with Derek Leathers, CEO, Werner Enterprises and George Abernathy, President, FreightWaves (with video)

Derek Leathers interview at FW LIVE@HOME

FreightWaves President George Abernathy spent time with Derek Leathers, President and CEO of truckload (TL) carrier and transportation provider Werner Enterprises’ (NASDAQ: WERN) to talk all things freight at FreightWaves LIVE @HOME.

When asked about the current state of the business, Leathers referred to it as “hectic.” The outbreak of the COVID-19 pandemic and subsequent shelter-in-place mandates have created volume surges for some of the carrier’s customers while others have seen volumes...

https://www.freightwaves.com/news/fw-livehome-industry-keynote-with-derek-leathers-ceo-werner-enterprises-and-george-abernathy-president-freightwaves

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