Werner Enterprises is adding predictive freight matching and real-time shipment visibility tools as part of a broader introduction of Trucker Tools technology into its operation.
Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.
Werner has seen freight fundamentals improve recently and is expecting the truck market to tighten as new regulation is implemented.
FreightWaves spoke with Werner’s President and Chief Executive Officer Derek Leathers and Chief Financial Officer John Steele regarding the recent announcement in changes to the capital structure.
Werner announced a special cash dividend of $3.75. WERN’s last special dividend was $1.50 per share in 2012.
Covenant Transport is the first enterprise carrier to lower guidance for Q1 on a numbers of headwinds, none of which are macroeconomic—yet.
