Financial Data and Key Metrics Changes - Revenues for Q1 2024 totaled $769 million, down 8% year-over-year [27] - Adjusted operating income was $18.6 million, a decrease of 68% compared to the previous year [27] - Adjusted EPS was $0.14, down $0.46 from the prior year [27] - Adjusted operating margin was 2.4%, down 450 basis points year-over-year [27] Business Line Data and Key Metrics Changes - Truckload Transportation Services (TTS) revenue was $551 million, down 6% [28] - Dedicated revenue net of fuel was $301 million, down 3% [33] - One-Way Truckload revenue was $169 million, a decrease of 8% [35] - Logistics revenue declined by $26 million or 11%, representing 26% of total revenues [38] Market Data and Key Metrics Changes - The freight market remains challenging with ongoing rate pressure and competitive pricing [23] - Customer retention rate in Dedicated was maintained at 93% despite competitive pressures [24] - The One-Way operating environment remains competitive, leading to a mixed early bid season [25] Company Strategy and Development Direction - The company focuses on three overarching priorities: driving growth in core business, operational excellence, and capital efficiency [17] - The strategy includes maintaining price discipline in Dedicated and focusing on large enterprise customers [10] - The company aims to achieve a long-term TTS operating margin range of 12% to 17% [18] Management's Comments on Operating Environment and Future Outlook - Management expects a challenging freight market to continue through Q2 and into the second half of 2024 [23] - There are signs of life in demand, particularly related to spring projects, but capacity needs to continue to exit the market [54] - The company remains committed to executing its strategy and improving operations despite the macro challenges [51] Other Important Information - The company achieved a 20-year record low for preventable accidents in Q1 [14] - Werner was recognized on Forbes' list of America's Best Large Employers for 2024, ranking 10th in the transportation and logistics category [16] - The company expects to capture over $40 million in cost savings in 2024, with $12 million realized in Q1 [43] Q&A Session Summary Question: Outlook on supply over the next 12 months - Management indicated that while it's tough to predict a turn in supply, there are encouraging signs of life and demand uptick as they enter Q2 [54] Question: Improvement in operating ratio (OR) in Q2 - Management expects improvement in OR as they progress through Q2, with a focus on cost savings and long-term strategy [59] Question: Impact of productivity gains on business mix - Management noted that productivity gains are intentional and focused on optimizing operations, particularly in cross-border services [62] Question: Expectations for used equipment market - Management anticipates modest improvement in used equipment values as the year progresses, driven by market conditions [65] Question: Cost actions in response to the down cycle - Management believes in maintaining pricing discipline while prudently trimming costs without damaging long-term strategic initiatives [71] Question: Fleet guidance and CapEx relationship - Management explained that fleet guidance is for the full year, while CapEx is being carefully managed to prepare for potential growth opportunities in the back half of the year [83] Question: Dedicated market competition and customer dynamics - Management clarified that all discount retailers are increasing truck counts within Dedicated, indicating a strong market despite competitive pressures [102]

WERNER 1Q24 EARNINGS PRESENTATION April 30, 2024 WE KEEP AMERICA MOVING® DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on information presently available to the Company's manag ...

Exhibit 99.1 Werner Enterprises Reports First Quarter 2024 Results First Quarter 2024 Highlights (all metrics compared to first quarter 2023) OMAHA, Neb., April 30, 2024 -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the first quarter ended March 31, 2024. "Freight conditions remained challenging in the first quarter with persistent excess industry capacity driving broad pricing pressure combined with adverse weather and one-off expens ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [Mark one] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 0-14690 (State or other jurisdiction of incorporation or organization) 14507 Frontier Road Post Office Box 45308 Om ...

WERNER 4Q23 AND FULL YEAR 2023 EARNINGS PRESENTATION WE KEEP AMERICA MOVING® DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forwardlooking statements are based on information presently available to the Company's ma ...

Financial Data and Key Metrics Changes - In Q4 2023, total revenue was $822 million, down 5% year-over-year, while net revenue after fuel surcharges decreased by 2% [28] - Adjusted EPS was $0.39, down $0.60 year-over-year, primarily due to lower equipment gains and a challenging macro freight environment [29] - Adjusted operating margin was 4.8%, a decrease of 56% and 560 basis points compared to the prior year [28] Business Line Data and Key Metrics Changes - Truckload Transportation Services (TTS) total revenue for Q4 was $580 million, down 9%, with adjusted operating margin at 7.5%, a decrease of 55% year-over-year [30] - Dedicated revenue was $309 million, down 2%, but revenue per truck per week increased by 0.9% year-over-year [36] - Logistics segment revenue grew by over 6% year-over-year, marking 13 consecutive quarters of growth, with adjusted operating income at $3 million and a margin of 1.3% [38][40] Market Data and Key Metrics Changes - The freight market is expected to remain challenging through the first half of 2024, with excess supply and low spot freight rates [23] - Inventory levels have normalized, but broad restocking is not yet observed, with consumer demand trends being a focal point for future replenishment [24] - The Dedicated environment remains steady but increasingly competitive, with a client retention rate exceeding 93% [25] Company Strategy and Development Direction - The company aims to drive growth in core businesses, return TTS adjusted operating income margin to long-term targets, and expand the Dedicated fleet [55] - Operational excellence will be pursued through a focus on safety, technology advancements, and executing a cost savings program [56] - Capital efficiency will be emphasized through process optimization and disciplined capital expenditures [57] Management's Comments on Operating Environment and Future Outlook - The management acknowledged 2023 as a challenging year but highlighted structural improvements for future success as normalization returns [7] - There is cautious optimism regarding the freight market, with expectations for a more balanced supply-demand environment in the second half of 2024 [25][113] - The company is committed to executing its objectives and believes these actions will generate margin and earnings improvement [58] Other Important Information - The company achieved $43 million in cost savings in 2023, with a focus on structural and sustainable initiatives for 2024 [41][42] - The average age of the truck and trailer fleet at year-end 2023 was 2.1 years and 4.9 years, respectively, with expectations to maintain these levels through 2024 [53] - Nathan Meisgeier was appointed as the next President of Werner Enterprises, effective January 5, 2024 [17][18] Q&A Session Summary Question: Cost savings and Werner Bridge - Management discussed the potential for cost savings through the Werner Bridge digital platform, emphasizing that current savings are from tangible cost-cutting programs [60][63] Question: Renewals and pricing discipline - Management indicated that it is early in the bid season, with ongoing pricing pressure, particularly in the One-Way segment, but remains disciplined in pricing [65][68] Question: Fleet guidance and Dedicated growth - Management clarified that while the Dedicated fleet is expected to remain stable, the One-Way fleet will not grow until market conditions improve [72][74] Question: Insurance and claims trends - Management attributed the decrease in insurance and claims to improved safety metrics and a favorable trend, despite industry-wide inflationary pressures [76][78] Question: Capacity and market dynamics - Management noted that net deactivations in the industry are increasing, suggesting a potential capacity cliff as smaller fleets exit the market [81][82] Question: Cost savings details - Management provided insights into the $40 million cost savings program for 2024, highlighting that most initiatives are new and structural [88][89] Question: Trucking margins and future outlook - Management expects Q1 to be challenging but aims to return to a 12% margin by year-end through operational improvements and cost savings [101][103]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of inc ...

WERNER 3Q23 EARNINGS PRESENTATION NOVEMBER 1, 2023 WE KEEP AMERICA MOVING® DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forwardlooking statements are based on information presently available to the Company's mana ...

Financial Data and Key Metrics Changes - In Q3 2023, total revenues decreased by 1% year-over-year to $818 million, while net of fuel surcharges, revenues grew by 3% [11][23] - Adjusted EPS was $0.42, down from $0.48 year-over-year, reflecting macroeconomic challenges [24] - Adjusted operating income was $42 million, with an operating margin of 5.1%, a decrease of 47% and 450 basis points respectively compared to the prior year [24] Business Line Data and Key Metrics Changes - Truckload Transportation Services (TTS) total revenue for Q3 was $572 million, down 8%, with revenues net of fuel surcharges falling 4% to $489 million [26] - Logistics segment revenue increased by 23% year-over-year to $230 million, driven by strong performance in truckload brokerage [36] - One-Way Trucking revenue decreased by 7% year-over-year to $176 million, with average truck count down 6% [35] Market Data and Key Metrics Changes - The freight market remained challenging in Q3, with dedicated demand steady but margins impacted by downward pricing pressure [20] - The company noted a pipeline of opportunities in logistics, despite mixed consumer behavior signals [21] - The average length of haul has decreased, impacting pricing, but there are signs of improvement in recent months [92] Company Strategy and Development Direction - The company is focused on a multi-year technology strategy, including the transition to the EDGE TMS platform, which is expected to enhance operational efficiency [15][18] - The strategy aims to improve customer experience and optimize costs through better visibility and integration of freight [18] - The company is committed to maintaining pricing discipline in dedicated services while exploring growth opportunities [77] Management's Comments on Operating Environment and Future Outlook - Management described the current operating environment as one of the most challenging periods in their career, emphasizing the need for cost-saving initiatives [14][50] - There is cautious optimism about future freight conditions as capacity exits the market, potentially leading to a more balanced supply-demand scenario [20][85] - The company expects a muted peak season due to cautious consumer behavior and inventory normalization [21] Other Important Information - The company has identified over $43 million in run rate savings through cost-saving programs, achieving over 70% of targeted savings by the end of Q3 [25] - The company ended Q3 with $690 million in debt, reflecting a strong balance sheet and ample credit capacity for growth [43] Q&A Session Summary Question: Update on fleet allocation to the spot market - Management indicated that approximately 15% of the fleet is currently in the spot market, which is higher than desired, but efforts are being made to reduce this exposure [54][55] Question: Current spread for spot-related trucks relative to contractual rates - The spread for spot-related trucks is currently in the $0.40 to $0.60 range, remaining stable over recent months despite pricing pressures [57] Question: Cost efficiencies to improve operating ratio - Management acknowledged ongoing cost improvements in various categories, including supplies and maintenance, and emphasized the potential for further efficiencies [60][63] Question: Impact of technology investments on expenses - Management noted that technology investments are burdening the P&L but are expected to yield long-term benefits in operational effectiveness and market adaptability [70][73] Question: Competitive pressures in the dedicated market - Management confirmed increased interest in dedicated services but emphasized the importance of maintaining pricing discipline and focusing on high-quality service [76][77] Question: Industry capacity and down cycle duration - Management expressed optimism about nearing the end of the current down cycle, citing recent trends in truck activations and inventory levels [84][85]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of incorporation or organization) 14507 Frontier Road Post Office Box 45308 Omaha , Nebraska 68145-0308 (Address of principal executive offices) (Zip Code) [ ...