Company Profile

Werner Enterprises, Inc. (Werner), Omaha NE, was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America. Werner maintains its corporate headquarters in Omaha, Nebraska, and maintains offices in the United States, Canada and Mexico. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. The Werner Logistics portfolio includes North American truck brokerage, freight management, intermodal and final mile services.

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CSR Report
November 2023

1Q24 Financial Results






Operating Income

$15.6M (71%) Y/Y


$18.6M (68%) Y/Y



$0.10 (82%) Y/Y


$0.14 (77%) Y/Y


*See GAAP to Non-GAAP Reconciliation included in 1st Quarter 2024 Earnings Press Release found in the News and Events section of our Investor Relations website.

Investor Presentation Deck

Why Invest In Werner

Consistent & Flexible Execution of 5Ts + S Strategy

Consistent & Flexible Execution of DRIVE Strategy

  • In 2023, produced second highest annual revenue (net fsc), 2% below record in 2022
  • In 2023, achieved lowest work injury rate in the last 18 years
  • Werner Edge enhanced IT
  • In 2023, we achieved the lowest DOT preventable accident rate per million miles in the last 19 years
Increasing Free Cash Flow

Increasing Free Cash Flow

  • Six consecutive years of strong FCF (2018-2023)
  • Produced record 2023 operating cash flow of $474M and solid margin at 14.4%, up 80 bps Y/Y
  • Investment focused on maintaining a new truck/trailer fleet with the latest safety/equipment technology
Disciplined Capital Allocation

Disciplined Capital Allocation

  • Liquidity of $619M, Debt of $598M, Equity of $1,518M (as of 3/31/24)
  • Maintained low and modest net leverage of 1.2x as of 3/31/24. LT goal range of net debt to EBITDA of 0.5x to 1.0x
  • Quarterly dividends since July 1987, increased dividend rate by 11% in 1Q21, 20% in 2Q21, 2Q22 and 8% in 2Q23
  • Returned 76% of net income to shareholders (2019-2023), $407M dividends and $314M shares repurchased


Leading Edge Technology

Leading Edge Technology

  • Partnership with Mastery Logistics Systems to accelerate supply chain automation
  • 100% of fleet equipped with collision mitigation, automated manual transmissions and forward-facing cameras
  • Collaborating with Kodiak Robotics and Aurora to test 24/7 long-haul autonomous freight operations
  • In 2Q23, started testing the X15N Cummins natural gas engine
Committed to Environmental, Social & Governance Goals

Committed to Environmental, Social & Governance Goals

  • Published 2023 Corporate Social Responsibility update report in November 2023
  • Earned 2023 SmartWay High Performer Award from the EPA for the seventh consecutive year
  • Launched supplier diversity program in 2023
  • Started transporting freight in 2Q23 with first two Freightliner eCascadia battery electric vehicles
  • Increased the female board percentage to 63% and blended gender & diversity percentage to 63%
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