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Werner Enterprises Inc (WERN) Q2 2021 Earnings Call Transcript

Werner Enterprises Inc (WERN) Q2 2021 Earnings Call Transcript
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

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Last Mile Delivery for E-commerce Market is Booming Worldwide with XPO, UPS, Ryder, JD.com

Last Mile Delivery for E-commerce Market is Booming Worldwide with XPO, UPS, Ryder, JD.com ....

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Truckstop.com acquires carrier compliance firm RMIS

Truckstop.com acquires carrier compliance firm RMIS
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.

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Werner Enterprises Reports Record Fourth Quarter and Full Year 2020 Operating Income

Total revenues of $620.3 million, flat YoY, up 5% sequentially
Operating income of $81.5 million, up 24% YoY, up 31% sequentially; non-GAAP adjusted operating income of $82.7 million, up 30% YoY, up 29% sequentially
Operating margin of 13.1%, up 250 bps YoY, up 260 bps sequentially; non-GAAP adjusted operating margin of 13.3%, up 310 bps YoY, up 240 bps sequentially
Diluted EPS of $0.88, up 26% YoY, up 31% sequentially; non-GAAP adjusted diluted EPS of $0.89, up 33% YoY, up 29% sequentially
OMAHA, Neb., Feb. 04, 2021 (GLOBE NEWSWIRE) Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, today reported record operating income for the fourth quarter and year ended December 31, 2020.
“Werner produced strong results in the fourth quarter by safely delivering superior on-time service to our customers,” said Derek J. Leathers, Vice Chairman, President and Chief Executive Officer. “I have never been mo ....

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Werner selling global freight forwarding business

Werner selling international freight forwarding business
Werner Enterprises is selling 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, the company said.
Terms of the deal were not disclosed. WGL’s freight forwarding services for international ocean and air shipments generated $53 million in revenue in 2020. The sale is expected to close Feb. 26.
The company also entered into an agreement with SGL to offer international business services 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. ....

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