Werner Enterprises (WERN) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	0-14690
Entity Registrant Name	WERNER ENTERPRISES, INC.
Entity Incorporation, State or Country Code	NE
Entity Tax Identification Number	47-0648386
Entity Address, Address Line One	14507 Frontier Road
Entity Address, Address Line Two	Post Office Box 45308
Entity Address, City or Town	Omaha
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	68145-0308
City Area Code	402
Local Phone Number	895-6640
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	WERN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		61,807,803
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000793074
Current Fiscal Year End Date	--12-31

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Operating revenues	$ 760,798	$ 811,096	$ 1,529,878	$ 1,643,810
Operating expenses:
Salaries, wages and benefits	259,754	266,373	525,157	534,688
Fuel	71,998	77,740	149,620	169,154
Supplies and maintenance	61,988	64,964	123,763	133,189
Taxes and licenses	25,494	25,408	50,658	50,833
Insurance and claims	31,897	36,806	68,259	73,291
Depreciation and amortization	72,672	74,898	146,942	149,211
Rent and purchased transportation	210,417	217,086	414,342	437,310
Communications and utilities	4,127	4,669	8,833	9,402
Other	2,840	(4,046)	7,105	(13,852)
Total operating expenses	741,187	763,898	1,494,679	1,543,226
Operating income	19,611	47,198	35,199	100,584
Other expense (income):
Interest expense	9,043	8,139	16,991	16,055
Interest income	(1,786)	(1,899)	(3,471)	(3,451)
Loss (gain) on investments in equity securities, net	52	(79)	190	2
Loss from equity method investment	141	844	274	844
Other	30	86	(231)	93
Total other expense, net	7,480	7,091	13,753	13,543
Income before income taxes	12,131	40,107	21,446	87,041
Income tax expense	2,931	10,087	5,998	21,487
Net income	9,200	30,020	15,448	65,554
Net loss (income) attributable to noncontrolling interest	265	(139)	329	(449)
Net income attributable to Werner	$ 9,465	$ 29,881	$ 15,777	$ 65,105
Earnings per share:
Basic (in dollars per share)	$ 0.15	$ 0.47	$ 0.25	$ 1.03
Diluted (in dollars per share)	$ 0.15	$ 0.47	$ 0.25	$ 1.02
Weighted-average common shares outstanding:
Basic (in shares)	62,706	63,384	63,089	63,345
Diluted (in shares)	62,860	63,687	63,291	63,689

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 9,200	$ 30,020	$ 15,448	$ 65,554
Other comprehensive income (loss):
Foreign currency translation adjustments	(4,087)	2,742	(3,585)	5,743
Change in fair value of interest rate swaps, net of tax	(1,252)	(101)	(1,136)	(1,074)
Other comprehensive income (loss)	(5,339)	2,641	(4,721)	4,669
Comprehensive income	3,861	32,661	10,727	70,223
Comprehensive loss (income) attributable to noncontrolling interest	265	(139)	329	(449)
Comprehensive income attributable to Werner	$ 4,126	$ 32,522	$ 11,056	$ 69,774

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 70,448	$ 61,723
Accounts receivable, trade, less allowance of $8,022 and $9,337, respectively	409,986	444,944
Other receivables	28,092	25,479
Inventories and supplies	16,286	18,077
Prepaid taxes, licenses and permits	7,895	16,505
Other current assets	44,959	67,900
Total current assets	577,666	634,628
Property and equipment, at cost	2,952,295	2,951,654
Less – accumulated depreciation	992,128	978,698
Property and equipment, net	1,960,167	1,972,956
Goodwill	129,104	129,104
Intangible assets, net	81,442	86,477
Other non-current assets	345,191	334,771
Total assets	3,093,570	3,157,936
Current liabilities:
Accounts payable	142,161	135,990
Current portion of long-term debt	10,000	2,500
Insurance and claims accruals	85,224	81,794
Accrued payroll	52,453	50,549
Accrued expenses	22,506	30,282
Other current liabilities	30,115	29,470
Total current liabilities	342,459	330,585
Long-term debt, net of current portion	660,000	646,250
Other long-term liabilities	62,355	54,275
Insurance and claims accruals, net of current portion	227,115	239,700
Deferred income taxes	308,136	320,180
Total liabilities	1,600,065	1,590,990
Commitments and contingencies
Temporary equity - redeemable noncontrolling interest	38,278	38,607
Stockholders’ equity:
Common stock, $0.01 par value, 200,000,000 shares authorized; 80,533,536 shares issued; 61,807,803 and 63,444,681 shares outstanding, respectively	805	805
Paid-in capital	134,769	134,894
Retained earnings	1,951,631	1,953,385
Accumulated other comprehensive loss	(14,405)	(9,684)
Treasury stock, at cost; 18,725,733 and 17,088,855 shares, respectively	(617,573)	(551,061)
Total stockholders’ equity	1,455,227	1,528,339
Total liabilities, temporary equity and stockholders’ equity	$ 3,093,570	$ 3,157,936

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Allowance for doubtful trade accounts receivable	$ 8,022	$ 9,337
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	80,533,536	80,533,536
Common stock, shares outstanding (in shares)	61,807,803	63,444,681
Treasury stock, shares (in shares)	18,725,733	17,088,855

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 15,448	$ 65,554
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	146,942	149,211
Deferred income taxes	(11,486)	9,220
Gain on disposal of property and equipment	(6,244)	(30,229)
Non-cash equity compensation	4,621	6,291
Insurance and claims accruals, net of current portion	(12,585)	(5,049)
Loss on investments in equity securities, net	190	2
Loss from equity method investment	274	844
Other	(6,569)	(2,445)
Changes in certain working capital items:
Accounts receivable, net	34,958	81,221
Other current assets	30,553	16,255
Accounts payable	5,269	(4,493)
Other current liabilities	(3,714)	(4,592)
Net cash provided by operating activities	197,657	281,790
Cash flows from investing activities:
Additions to property and equipment	(198,534)	(361,312)
Proceeds from sales of property and equipment	80,338	107,121
Net cash invested in acquisition	0	(188)
Investment in equity securities	(21)	0
Payment to acquire equity method investment	(2,360)	(2,645)
Purchase of promissory note	0	(25,000)
Decrease in notes receivable	1,168	1,707
Net cash used in investing activities	(119,409)	(280,317)
Cash flows from financing activities:
Repayments of short-term debt	(32,500)	(3,750)
Proceeds from issuance of short-term debt	40,000	0
Repayments of long-term debt	(136,250)	(50,000)
Proceeds from issuance of long-term debt	150,000	0
Change in checks issued in excess of cash balances	0	11,530
Dividends on common stock	(17,760)	(16,459)
Repurchases of common stock	(67,086)	0
Tax withholding related to net share settlements of restricted stock awards	(4,172)	(5,517)
Net cash used in financing activities	(67,768)	(64,196)
Effect of exchange rate fluctuations on cash	(1,755)	1,985
Net increase (decrease) in cash and cash equivalents	8,725	(60,738)
Cash and cash equivalents, beginning of period	61,723	107,240
Cash and cash equivalents, end of period	70,448	46,502
Supplemental disclosures of cash flow information:
Interest paid	16,725	16,643
Income taxes paid	3,580	11,438
Supplemental schedule of non-cash investing and financing activities:
Notes receivable issued upon sale of property and equipment	1,466	1,504
Change in fair value of interest rate swaps	(1,136)	(1,074)
Property and equipment acquired included in accounts payable	15,141	5,774
Property and equipment disposed included in other receivables	1,719	0
Dividends accrued but not yet paid at end of period	8,653	8,874
Contingent consideration associated with acquisitions	$ 0	$ (800)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND TEMPORARY EQUITY - REDEEMABLE NONCONTROLLING INTEREST - USD ($) $ in Thousands	Total	Common Stock	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance at Dec. 31, 2022	$ 1,443,635	$ 805	$ 129,837	$ 1,875,873	$ (11,292)	$ (551,588)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Werner	65,105			65,105
Net (loss) income attributable to noncontrolling interest	0
Other comprehensive income (loss)	4,669				4,669
Dividends on common stock	(17,113)			(17,113)
Equity compensation activity	(5,517)		(5,434)			(83)
Non-cash equity compensation expense	6,291		6,291
Ending balance at Jun. 30, 2023	1,497,070	805	130,694	1,923,865	(6,623)	(551,671)
Beginning balance at Dec. 31, 2022	38,699
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) income attributable to noncontrolling interest	449
Ending balance at Jun. 30, 2023	39,148
Beginning balance at Mar. 31, 2023	1,470,537	805	128,050	1,902,858	(9,264)	(551,912)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Werner	29,881			29,881
Net (loss) income attributable to noncontrolling interest	0
Other comprehensive income (loss)	2,641				2,641
Dividends on common stock	(8,874)			(8,874)
Equity compensation activity	(3)		(244)			241
Non-cash equity compensation expense	2,888		2,888
Ending balance at Jun. 30, 2023	1,497,070	805	130,694	1,923,865	(6,623)	(551,671)
Beginning balance at Mar. 31, 2023	39,009
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) income attributable to noncontrolling interest	139
Ending balance at Jun. 30, 2023	39,148
Beginning balance at Dec. 31, 2023	1,528,339	805	134,894	1,953,385	(9,684)	(551,061)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Werner	15,777			15,777
Net (loss) income attributable to noncontrolling interest	0
Other comprehensive income (loss)	(4,721)				(4,721)
Repurchases of common stock	(67,086)					(67,086)
Dividends on common stock	(17,531)			(17,531)
Equity compensation activity	(4,172)		(4,746)			574
Non-cash equity compensation expense	4,621		4,621
Ending balance at Jun. 30, 2024	1,455,227	805	134,769	1,951,631	(14,405)	(617,573)
Beginning balance at Dec. 31, 2023	38,607
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) income attributable to noncontrolling interest	(329)
Ending balance at Jun. 30, 2024	38,278
Beginning balance at Mar. 31, 2024	1,518,004	805	132,722	1,950,819	(9,066)	(557,276)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Werner	9,465			9,465
Net (loss) income attributable to noncontrolling interest	0
Other comprehensive income (loss)	(5,339)				(5,339)
Repurchases of common stock	(60,536)					(60,536)
Dividends on common stock	(8,653)			(8,653)
Equity compensation activity	(85)		(324)			239
Non-cash equity compensation expense	2,371		2,371
Ending balance at Jun. 30, 2024	1,455,227	$ 805	$ 134,769	$ 1,951,631	$ (14,405)	$ (617,573)
Beginning balance at Mar. 31, 2024	38,543
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) income attributable to noncontrolling interest	(265)
Ending balance at Jun. 30, 2024	$ 38,278

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND TEMPORARY EQUITY - REDEEMABLE NONCONTROLLING INTEREST (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Purchase of common stock (in shares)	1,619,992		1,787,810
Dividends declared (in dollars per share)	$ 0.14	$ 0.14	$ 0.28	$ 0.27
Equity compensation activity (in shares)	14,962	12,562	150,932	166,493

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recent Accounting Pronouncements	Basis of Presentation and Recent Accounting Pronouncements Basis of Presentation The accompanying unaudited interim consolidated financial statements include the accounts of Werner Enterprises, Inc. and its subsidiaries (collectively, the “Company” or “Werner”). Redeemable noncontrolling interest on the consolidated condensed balance sheets represents the portion of a consolidated entity in which we do not have a direct equity ownership. In these notes, the terms “we,” “us,” or “our” refer to Werner Enterprises, Inc. and its subsidiaries. All significant intercompany accounts and transactions relating to these entities have been eliminated. These consolidated financial statements have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) instructions to Form 10-Q and, in the opinion of management, reflect all adjustments, which are all of normal recurring nature, necessary to present fairly the financial condition, results of operations and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles (“GAAP”). These consolidated financial statements do not include all information and footnotes required by GAAP for complete financial statements; although in management’s opinion, the disclosures are adequate so that the information presented is not misleading. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. In the opinion of management, the information set forth in the accompanying consolidated condensed balance sheets is fairly stated in all material respects in relation to the consolidated balance sheets from which it has been derived. These consolidated financial statements and notes thereto should be read in conjunction with the consolidated financial statements and accompanying notes contained in our 2023 Form 10-K. Recently Issued Accounting Pronouncements, Not Yet Effective: In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , with the objective of improving financial reporting, primarily through enhanced disclosures about significant segment expenses. The provisions of this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, using a retrospective approach. We are evaluating the impact of adopting ASU 2023-07, and we expect this ASU to only impact our disclosures with no impacts to our results of operations, cash flows, and financial condition. In December 2023, FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures , with the objective of enhancing the transparency and decision usefulness of income tax information through income tax disclosure improvements, primarily related to the rate reconciliation and income taxes paid information. The provisions of this update are effective for annual periods beginning after December 15, 2024, using a prospective approach. Retrospective application is permitted. We are evaluating the impact of adopting ASU 2023-09, and we expect this ASU to only impact our disclosures with no impacts to our results of operations, cash flows, and financial condition.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition Revenues are recognized over time as control of the promised services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The following table presents our revenues disaggregated by revenue source (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Truckload Transportation Services $ 537,069 $ 570,192 $ 1,088,195 $ 1,158,522 Werner Logistics 208,912 224,549 411,394 453,218 Inter-segment eliminations (3,263) (3,522) (7,334) (8,783) Transportation services 742,718 791,219 1,492,255 1,602,957 Other revenues 18,080 19,877 37,623 40,853 Total revenues $ 760,798 $ 811,096 $ 1,529,878 $ 1,643,810 The following table presents our revenues disaggregated by geographic areas in which we conduct business (in thousands). Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin. Three Months Ended Six Months Ended 2024 2023 2024 2023 United States $ 716,559 $ 765,316 $ 1,438,419 $ 1,547,609 Mexico 36,165 37,338 75,285 79,151 Other 8,074 8,442 16,174 17,050 Total revenues $ 760,798 $ 811,096 $ 1,529,878 $ 1,643,810 Contract Balances and Accounts Receivable A receivable is an unconditional right to consideration and is recognized when shipments have been completed and the related performance obligation has been fully satisfied. At June 30, 2024 and December 31, 2023, the accounts receivable, trade, net, balance was $410.0 million and $444.9 million, respectively. Contract assets represent a conditional right to consideration in exchange for goods or services and are transferred to receivables when the rights become unconditional. At June 30, 2024 and December 31, 2023, the balance of contract assets was $8.4 million and $7.4 million, respectively. We have recognized contract assets within the other current assets financial statement caption on the consolidated condensed balance sheets. These contract assets are considered current assets as they will be settled in less than 12 months. Contract liabilities represent advance consideration received from customers and are recognized as revenues over time as the related performance obligation is satisfied. A t June 30, 2024 and December 31, 2023, t he balance o f contract liabilities was $1.1 million and $0.9 million, respectively. The amount of revenues recognized in the six months ended June 30, 2024 that was included in the December 31, 2023 contract liability balance was $0.9 million. We have recognized contract liabilities within the accounts payable and other current liabilities financial statement captions on the consolidated condensed balance sheets. These contract liabilities are considered current liabilities as they will be settled in less than 12 months. Performance Obligations We have elected to apply the practical expedient in Accounting Standards Codification (“ASC”) Topic 606, Revenue From Contracts With Customers , to not disclose the value of remaining performance obligations for contracts with an original expected length of one year or less. Remaining performance obligations represent the transaction price allocated to future reporting periods for freight shipments started but not completed at the reporting date that we expect to recognize as revenue in the period subsequent to the reporting date; transit times generally average approximately 3 days. During the six months ended June 30, 2024 and 2023, revenues recognized from performance obligations related to prior periods (for example, due to changes in transaction price) were not material.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of cost over the fair value of net identifiable tangible and intangible assets acquired in business combinations. There were no changes in the carrying amount of goodwill by segment for the six months ended June 30, 2024. The following table presents acquired intangible assets (in thousands): June 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 80,200 $ (17,999) $ 62,201 $ 80,200 $ (13,989) $ 66,211 Trade names 24,600 (5,359) 19,241 24,600 (4,334) 20,266 Total intangible assets $ 104,800 $ (23,358) $ 81,442 $ 104,800 $ (18,323) $ 86,477

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases We have entered into operating leases primarily for real estate. The leases have terms which range from 1 year to 18 years, and some include options to renew. Renewal terms are included in the lease term when it is reasonably certain that we will exercise the option to renew. Operating leases are included in other non-current assets, other current liabilities and other long-term liabilities on the consolidated condensed balance sheets. These assets and liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date, using our incremental borrowing rate because the rate implicit in each lease is not readily determinable. We have certain contracts for real estate that may contain lease and non-lease components which we have elected to treat as a single lease component. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Variable lease expense is recognized in the period in which the obligation for those payments is incurred. Lease expense is reported in rent and purchased transportation on the consolidated statements of income. The following table presents balance sheet and other operating lease information (dollars in thousands): June 30, 2024 December 31, 2023 Right-of-use assets (recorded in other non-current assets) $ 43,356 $ 34,814 Current lease liabilities (recorded in other current liabilities) $ 10,394 $ 9,017 Long-term lease liabilities (recorded in other long-term liabilities) 34,874 27,495 Total operating lease liabilities $ 45,268 $ 36,512 Weighted-average remaining lease term for operating leases 5.72 years 6.15 years Weighted-average discount rate for operating leases 4.6 % 3.6 % The following table presents the maturities of operating lease liabilities as of June 30, 2024 (in thousands): 2024 (remaining) $ 6,322 2025 11,417 2026 9,704 2027 7,645 2028 6,456 Thereafter 9,325 Total undiscounted operating lease payments $ 50,869 Less: Imputed interest (5,601) Present value of operating lease liabilities $ 45,268 Cash Flows During the six months ended June 30, 2024 and 2023, right-of-use assets of $13.8 million and $4.1 million, respectively, were recognized as non-cash asset additions that resulted from new operating lease liabilities. Cash paid for amounts included in the present value of operating lease liabilities was $5.8 million for the six months ended June 30, 2024 and 2023, and are included in operating cash flows. Operating Lease Expense Operating lease expense was $4.9 million and $9.4 million for the three and six months ended June 30, 2024, respectively, and $5.9 million and $12.1 million for the three and six months ended June 30, 2023, respectively. This expense included $3.3 million and $6.0 million for the three and six months ended June 30, 2024, respectively, and $3.0 million and $6.0 million for the three and six months ended June 30, 2023, respectively, for long-term operating leases, with the remainder for variable and short-term lease expense . Lessor Operating Leases We are the lessor of tractors and trailers under operating leases with initial terms of 3 to 8 years. We recognize revenue for such leases on a straight-line basis over the term of the lease. Revenues months ended June 30, 2024, respectively, and $2.7 million and $5.4 million for the three and six months ended June 30, 2023, respectively. The following table presents information about the maturities of these operating leases as of June 30, 2024 (in thousands): 2024 (remaining) $ 3,528 2025 2,606 2026 311 2027 78 2028 — Thereafter — Total $ 6,523

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair Value Measurement — Definition and Hierarchy ASC 820-10, Fair Value Measurement , defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the Company. Unobservable inputs reflect our own assumptions about the assumptions market participants would use in pricing the asset or liability, developed based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as follows: Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. Level 2 — Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Such inputs include quoted prices in markets that are not active, quoted prices for similar assets and liabilities in active and inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 — Unobservable inputs for the asset or liability, where there is little, if any, observable market activity or data for the asset or liability. In general, and where applicable, we use quoted prices in active markets for identical assets or liabilities to determine fair value. This pricing methodology applies to our Level 1 assets and liabilities. If quoted prices in active markets for identical assets and liabilities are not available to determine fair value, then we use quoted prices for similar assets and liabilities or inputs other than the quoted prices that are observable, either directly or indirectly. This pricing methodology would apply to Level 2 assets and liabilities. The following table presents the fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis (in thousands): Level in Fair Value June 30, 2024 December 31, 2023 Assets: Other non-current assets: Equity securities (1) 1 $ 120 $ 310 Liabilities: Other long-term liabilities: Contingent consideration associated with acquisition 3 $ 9,102 $ 8,896 (1) Represents our investment in an autonomous technology company. For additional information regarding the valuation of this equity security, see Note 6 – Investments. The following table presents changes in the fair value of our contingent earnout liabilities (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Balance at beginning of period $ 8,998 $ 12,877 $ 8,896 $ 13,400 Measurement period adjustment associated with the acquisition of ReedTMS Logistics (1) — — — (800) Change in fair value 104 151 206 428 Balance at end of period $ 9,102 $ 13,028 $ 9,102 $ 13,028 (1) The measurement period adjustment was recorded in goodwill on the consolidated condensed balance sheet. The estimated fair values of our contingent consideration arrangements are based upon probability-adjusted inputs for each acquired entity. Additionally, as the liability is stated at present value, the passage of time alone will increase the estimated fair value of the liability each reporting period. Change in fair value is recorded in other operating expenses on the consolidated statements of income. We have ownership interests in investments, primarily Mastery Logistics Systems, Inc. (“MLSI”), which do not have readily determinable fair values and are accounted for using the measurement alternative in ASC 321, Investments - Equity Securities . Our ownership interest in Autotech Fund III, L.P. (“Autotech Fund III”) is accounted for under ASC 323, “ Investments - Equity Method and Joint Ventures .” For additional information regarding the valuation of these investments, see Note 6 – Investments. Fair Value of Financial Instruments Not Recorded at Fair Value Cash and cash equivalents, accounts receivable trade, and accounts payable are short-term in nature and accordingly are carried at amounts that approximate fair value. The carrying amount of our fixed-rate debt not measured at fair value on a recurring basis was $88.8 million as of December 31, 2023. We had no fixed-rate debt outstanding as of June 30, 2024. The estimated fair value of our fixed-rate debt using the income approach, based on its net present value, discounted at our current borrowing rate, was $86.7 million as of December 31, 2023 (categorized as Level 2 of the fair value hierarchy). The carrying amount of our variable-rate long-term debt approximates fair value due to the duration of our credit arrangement and the variable interest rate (categorized as Level 2 of the fair value hierarchy).

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Equity Investments without Readily Determinable Fair Values Our strategic equity investments without readily determinable fair values primarily consist of our investment in MLSI, a transportation management systems company. MLSI has developed a cloud-based transportation management system using its SaaS technology, and we have obtained a license. Our investments are being accounted for under ASC 321 using the measurement alternative and are recorded in other noncurrent assets on the consolidated condensed balance sheets. We record changes in the values of our investments based on events that occur that would indicate the values have changed, in loss (gain) on investments in equity securities on the consolidated statements of income. As of June 30, 2024 and December 31, 2023, the value of our investment in MLSI was $89.8 million, and the value of our other equity investments without readily determinable fair values was $337 thousand and $316 thousand, respectively. No gains or losses were recorded for the three and six months ended June 30, 2024 and 2023. As of June 30, 2024, cumulative upward adjustments on our equity securities without readily determinable fair values totaled $56.8 million. Equity Investments with Readily Determinable Fair Values We own a strategic minority equity investment in an autonomous technology company, which is being accounted for under ASC 321 and is recorded in other noncurrent assets on the consolidated condensed balance sheets. As of June 30, 2024 and December 31, 2023, the value of this investment was $0.1 million and $0.3 million, respectively. For additional information regarding the fair value of this equity investment, see Note 5 – Fair Value. The following table summarizes the activity related to our equity investments with readily determinable fair values during the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Loss (gain) on investments in equity securities, net $ 52 $ (79) $ 190 $ 2 Portion of net unrealized loss (gain) for the period related to equity securities still held at the reporting date 52 (79) 190 2 Equity Method Investment In January 2023, we committed to make a $20.0 million investment in Autotech Fund III (the “Fund”) pursuant to a limited partnership agreement. The Fund is managed by Autotech Ventures, a venture capital firm focused on ground transportation technology. Our interest, which represents an ownership percentage of less than 20%, is being accounted for under ASC 323, “ Investments - Equity Method and Joint Ventures

Debt and Credit Facilities

Debt and Credit Facilities	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt and Credit Facilities	Debt and Credit Facilities On December 20, 2022, we entered into a $1.075 billion unsecured credit facility with a group of lenders (the “2022 Credit Agreement”), replacing our previous credit facilities. The 2022 Credit Agreement is scheduled to mature on December 20, 2027, and has a $100.0 million maximum limit for the aggregate amount of letters of credit issued. Revolving credit loans drawn under the 2022 Credit Agreement bear interest, at our option, at (i) the Base Rate (the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.50%, or (c) the one-month Term SOFR plus 1.10%), plus a margin ranging between 0.125% and 0.750%, or (ii) Term SOFR plus 0.10% and a margin ranging between 1.125% and 1.750%. Swingline loans drawn under the 2022 Credit Agreement bear interest at the Base Rate, as defined above, plus a margin ranging between 0.125% and 0.750%. The 2022 Credit Agreement also requires us to pay quarterly (i) a letter of credit commission on the daily amount available to be drawn under such standby letters of credit at rates ranging between 1.125% and 1.750% per annum and (ii) a nonrefundable commitment fee on the average daily unused amount of the commitment at rates ranging between 0.125% and 0.250% per annum. The margin, letter of credit commission, and commitment fee rates are based on our ratio of net funded debt to earnings before interest, income taxes, depreciation and amortization (“EBITDA”). There are no scheduled principal payments due on the 2022 Credit Agreement until the maturity date, and interest is payable in arrears at periodic intervals not to exceed three months. We have entered into variable-for-fixed interest rate swap agreements in order to limit our exposure to increases in interest rates on a portion of our variable-rate indebtedness. Under the terms of our interest rate swap agreements, we receive monthly variable-rate interest payments based on one-month Term SOFR, and make monthly fixed-rate interest payments as specified in the interest rate swap agreements. We have designated our interest rate swap agreements as cash flow hedges. Changes in fair value of outstanding derivatives in cash flow hedges are recorded in other comprehensive income (loss) in the consolidated statements of comprehensive income until earnings are impacted by the hedged transactions. Two variable-for-fixed interest rate swap agreements with an aggregate notional amount of $150.0 million matured in May 2024. During the three months ended June 30, 2024, we entered into two variable-for-fixed interest rate swap agreements with an aggregate notional amount of $150.0 million, maturing in 2027. On June 30, 2021, we entered into a $100.0 million unsecured 1.28% fixed-rate term loan commitment with BMO Harris, with quarterly principal payments of $1.25 million and a final payment of principal and interest due and payable on May 14, 2024 ("BMO Term Loan"). We repaid the remaining $86.3 million outstanding principal balance under the BMO Term Loan in May 2024 using proceeds from the 2022 Credit Agreement. As of June 30, 2024 and December 31, 2023, our outstanding debt totaled $670.0 million and $648.8 million, respectively. As of June 30, 2024, our outstanding revolving credit loan balance under the 2022 Credit Agreement, consisted of: • $390.0 million at a variable interest rate of 6.67%; • $40.0 million which is effectively fixed at 6.20% with interest rate swap agreements through July 2025; • $90.0 million which is effectively fixed at 5.87% with interest rate swap agreements through July 2026; • $75.0 million which is effectively fixed at 5.98% with an interest rate swap agreement through April 2027; and • $75.0 million which is effectively fixed at 5.84% with an interest rate swap agreement through May 2027. Subsequent to the end of the quarter, in July 2024, we repaid $10.0 million and borrowed $30.0 million on our revolving line of credit. Our total available borrowing capacity under the 2022 Credit Agreement was $399.1 million as of June 30, 2024, after considering $5.9 million in stand-by letters of credit under which we are obligated. Availability of such funds under the current debt agreement is conditional upon various customary terms and covenants. Such covenants include, among other things, two financial covenants requiring us (i) not to exceed a maximum ratio of net funded debt to EBITDA and (ii) to exceed a minimum ratio of EBITDA to interest expense. As of June 30, 2024, we were in compliance with these covenants. At June 30, 2024, the aggregate future maturities of long-term debt by year are as follows (in thousands): 2024 (remaining) $ 10,000 2025 — 2026 — 2027 660,000 2028 — Total $ 670,000

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We have committed to property and equipment purchases of approximately $202.6 million at June 30, 2024 . We are involved in certain claims and pending litigation, including those described herein, arising in the ordinary course of business. The majority of these claims relate to bodily injury, property damage, cargo and workers’ compensation incurred in the transportation of freight, as well as certain class action litigation related to personnel and employment matters. We accrue for the uninsured portion of contingent losses from these and other pending claims when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Based on the knowledge of the facts, management believes the resolution of claims and pending litigation, taking into account existing reserves, will not have a material adverse effect on our consolidated financial statements. Moreover, the results of complex legal proceedings are difficult to predict, and our view of these matters may change in the future as the litigation and related events unfold. On May 17, 2018, in Harris County District Court in Houston, Texas, a jury rendered an adverse verdict against the Company in a lawsuit arising from a December 30, 2014 accident between a Werner tractor-trailer and a passenger vehicle. On July 30, 2018, the court entered a final judgment against Werner for $92.0 million, including pre-judgment interest. The Company has premium-based liability insurance to cover the potential outcome from this jury verdict. Under the Company’s insurance policies in effect on the date of this accident, the Company’s maximum liability for this accident is $10.0 million (plus pre-judgment and post-judgment interest) with premium-based coverage that exceeds the jury verdict amount. As a result of this jury verdict, the Company had recorded a liability of $41.3 million as of June 30, 2024, and $39.8 million as of December 31, 2023. Under the terms of the Company’s insurance policies, the Company is the primary obligor of the verdict, and as such, the Company has also recorded a $79.2 million receivable from its third-party insurance providers in other non-current assets and a corresponding liability of the same amount in the long-term portion of insurance and claims accruals in the consolidated condensed balance sheets as of June 30, 2024 and December 31, 2023. The Company pursued an appeal of this verdict, and on May 18, 2023, the Texas Court of Appeals overruled Werner’s appeal and affirmed the trial court’s judgment. The Company has since filed a Petition for Review with the Texas Supreme Court, seeking further review of the Texas Court of Appeals decision. No assurances can be given regarding whether the Texas Supreme Court will accept the Company’s petition to review or the outcome of any such review. We have been involved in class action litigation in the U.S. District Court for the District of Nebraska, in which the plaintiffs allege that we owe drivers for unpaid wages under the Fair Labor Standards Act (“FLSA”) and the Nebraska Wage Payment and Collection Act and that we failed to pay minimum wage per hour for drivers in our Career Track Program, related to short break time and sleeper berth time. The period covered by this class action suit is August 2008 through March 2014. The case was tried to a jury in May 2017, resulting in a verdict of $0.8 million in plaintiffs’ favor on the short break matter and a verdict in our favor on the sleeper berth matter. As a result of various post-trial motions, the court awarded $0.5 million to the plaintiffs for attorney fees and costs. Plaintiffs appealed the post-verdict amounts awarded by the trial court for fees, costs and liquidated damages, and the Company filed a cross appeal on the verdict that was in plaintiffs’ favor. The United States Court of Appeals for the Eighth Circuit denied Plaintiffs’ appeal and granted Werner’s appeal, vacating the judgment in favor of the plaintiffs. The appellate court sent the case back to the trial court for proceedings consistent with the appellate court’s opinion. On June 22, 2020, the trial court denied Plaintiffs’ request for a new trial and entered judgment in favor of the Company, dismissing the case with prejudice. On July 21, 2020, Plaintiffs’ counsel filed a notice of appeal of that dismissal. On August 3, 2022, the Eighth Circuit Court of Appeals vacated the district court’s judgment and remanded the case, for the trial court to determine whether the plaintiffs should be granted a new trial on the short break claim. On January 10, 2023, the trial court denied Plaintiff’s motion for a new trial and entered judgment in Werner’s favor on all claims. Plaintiffs appealed the judgment to the Eighth Circuit Court of Appeals and, on June 24, 2024, the appellate court affirmed the dismissal of the case in its entirety. We do not know if Plaintiffs will seek review of that ruling. As of June 30, 2024, we have an accrual for the jury’s award, attorney fees and costs in the short break matter and had not accrued for the sleeper berth matter. We are also involved in certain class action litigation in which the plaintiffs allege claims for failure to provide meal and rest breaks, unpaid wages, unauthorized deductions and other items. Based on the knowledge of the facts, management does not currently believe the outcome of these class actions is likely to have a material adverse effect on our financial position or results of operations. However, the final disposition of these matters and the impact of such final dispositions cannot be determined at this time.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income attributable to Werner by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to Werner by the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock awards. Performance awards are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. There are no differences in the numerators of our computations of basic and diluted earnings per share for any periods presented. The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts). Three Months Ended Six Months Ended 2024 2023 2024 2023 Net income attributable to Werner $ 9,465 $ 29,881 $ 15,777 $ 65,105 Weighted average common shares outstanding 62,706 63,384 63,089 63,345 Dilutive effect of stock-based awards 154 303 202 344 Shares used in computing diluted earnings per share 62,860 63,687 63,291 63,689 Basic earnings per share $ 0.15 $ 0.47 $ 0.25 $ 1.03 Diluted earnings per share $ 0.15 $ 0.47 $ 0.25 $ 1.02

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information We have two reportable segments – Truckload Transportation Services (“TTS”) and Werner Logistics. The TTS segment consists of two operating units, Dedicated and One-Way Truckload. These units are aggregated because they have similar economic characteristics and meet the other aggregation criteria described in the accounting guidance for segment reporting. Dedicated provides truckload services dedicated to a specific customer, generally for a retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. One-Way Truckload is comprised of the following operating fleets: (i) the medium-to-long-haul van (“Van”) fleet transports a variety of consumer nondurable products and other commodities in truckload quantities over irregular routes using dry van trailers, including Mexico cross-border routes; (ii) the expedited (“Expedited”) fleet provides time-sensitive truckload services utilizing driver teams; (iii) the regional short-haul (“Regional”) fleet provides comparable truckload van service within geographic regions across the United States; and (iv) the Temperature Controlled fleet provides truckload services for temperature sensitive products over irregular routes utilizing temperature-controlled trailers. Revenues for the TTS segment include a small amount of non-trucking revenues which consist primarily of the intra-Mexico portion of cross-border shipments delivered to or from Mexico where we utilize a third-party capacity provider. The Werner Logistics segment is a non-asset-based transportation and logistics provider. Werner Logistics provides services throughout North America and generates the majority of our non-trucking revenues through three operating units. These three Werner Logistics operating units are as follows: (i) Truckload Logistics, which uses contracted carriers to complete shipments for brokerage customers and freight management customers for which we offer a full range of single-source logistics management services and solutions; (ii) the Intermodal (“Intermodal”) unit offers rail transportation through alliances with rail and drayage providers as an alternative to truck transportation; and (iii) Werner Final Mile (“Final Mile”) offers residential and commercial deliveries of large or heavy items using third-party agents, independent contractors, and Company employees with two-person delivery teams operating a liftgate straight truck. We generate other revenues from our driver training schools, transportation-related activities such as third-party equipment maintenance and equipment leasing, and other business activities. None of these operations meets the quantitative reporting thresholds. As a result, these operations are grouped in “Other” in the tables below. “Corporate” includes revenues and expenses that are incidental to our activities and are not attributable to any of our operating segments, including gains and losses on sales of property and equipment not attributable to our operating segments. We do not prepare separate balance sheets by segment and, as a result, assets are not separately identifiable by segment. Based on our operations, certain revenue-generating assets (primarily tractors and trailers) are interchangeable between segments. Depreciation for these interchangeable assets is allocated to segments based on the actual number of units utilized by the segment during the period. Other depreciation and amortization is allocated to segments based on specific identification or as a percentage of a metric such as average number of tractors. Inter-segment eliminations represent transactions between reporting segments that are eliminated in consolidation. The following tables summarize our segment information (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenues by Segment Truckload Transportation Services $ 537,069 $ 570,192 $ 1,088,195 $ 1,158,522 Werner Logistics 208,912 224,549 411,394 453,218 Other 17,467 19,376 36,420 39,877 Corporate 613 501 1,203 976 Subtotal 764,061 814,618 1,537,212 1,652,593 Inter-segment eliminations (3,263) (3,522) (7,334) (8,783) Total $ 760,798 $ 811,096 $ 1,529,878 $ 1,643,810 Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating Income (Loss) by Segment Truckload Transportation Services $ 20,998 $ 45,159 $ 41,838 $ 96,145 Werner Logistics 550 4,355 (1,779) 9,292 Other (966) (86) (1,175) 463 Corporate (971) (2,230) (3,685) (5,316) Total $ 19,611 $ 47,198 $ 35,199 $ 100,584 Three Months Ended Six Months Ended 2024 2023 2024 2023 Depreciation and Amortization by Segment Truckload Transportation Services $ 65,572 $ 67,614 $ 132,505 $ 134,457 Werner Logistics 3,745 3,865 7,412 7,924 Other 2,533 2,914 5,267 5,787 Corporate 822 505 1,758 1,043 Total $ 72,672 $ 74,898 $ 146,942 $ 149,211

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Werner	$ 9,465	$ 29,881	$ 15,777	$ 65,105

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Rec_2

Basis of Presentation and Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements include the accounts of Werner Enterprises, Inc. and its subsidiaries (collectively, the “Company” or “Werner”). Redeemable noncontrolling interest on the consolidated condensed balance sheets represents the portion of a consolidated entity in which we do not have a direct equity ownership. In these notes, the terms “we,” “us,” or “our” refer to Werner Enterprises, Inc. and its subsidiaries. All significant intercompany accounts and transactions relating to these entities have been eliminated. These consolidated financial statements have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) instructions to Form 10-Q and, in the opinion of management, reflect all adjustments, which are all of normal recurring nature, necessary to present fairly the financial condition, results of operations and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles (“GAAP”). These consolidated financial statements do not include all information and footnotes required by GAAP for complete financial statements; although in management’s opinion, the disclosures are adequate so that the information presented is not misleading. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. In the opinion of management, the information set forth in the accompanying consolidated condensed balance sheets is fairly stated in all material respects in relation to the consolidated balance sheets from which it has been derived. These consolidated financial statements and notes thereto should be read in conjunction with the consolidated financial statements and accompanying notes contained in our 2023 Form 10-K.
Recently Issued Accounting Pronouncements, Not Yet Effective	Recently Issued Accounting Pronouncements, Not Yet Effective: In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , with the objective of improving financial reporting, primarily through enhanced disclosures about significant segment expenses. The provisions of this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, using a retrospective approach. We are evaluating the impact of adopting ASU 2023-07, and we expect this ASU to only impact our disclosures with no impacts to our results of operations, cash flows, and financial condition. In December 2023, FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures , with the objective of enhancing the transparency and decision usefulness of income tax information through income tax disclosure improvements, primarily related to the rate reconciliation and income taxes paid information. The provisions of this update are effective for annual periods beginning after December 15, 2024, using a prospective approach. Retrospective application is permitted. We are evaluating the impact of adopting ASU 2023-09, and we expect this ASU to only impact our disclosures with no impacts to our results of operations, cash flows, and financial condition.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Revenue Source	The following table presents our revenues disaggregated by revenue source (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Truckload Transportation Services $ 537,069 $ 570,192 $ 1,088,195 $ 1,158,522 Werner Logistics 208,912 224,549 411,394 453,218 Inter-segment eliminations (3,263) (3,522) (7,334) (8,783) Transportation services 742,718 791,219 1,492,255 1,602,957 Other revenues 18,080 19,877 37,623 40,853 Total revenues $ 760,798 $ 811,096 $ 1,529,878 $ 1,643,810
Schedule of Revenue by Geographical Location	The following table presents our revenues disaggregated by geographic areas in which we conduct business (in thousands). Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin. Three Months Ended Six Months Ended 2024 2023 2024 2023 United States $ 716,559 $ 765,316 $ 1,438,419 $ 1,547,609 Mexico 36,165 37,338 75,285 79,151 Other 8,074 8,442 16,174 17,050 Total revenues $ 760,798 $ 811,096 $ 1,529,878 $ 1,643,810

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Acquired Intangible Assets	The following table presents acquired intangible assets (in thousands): June 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 80,200 $ (17,999) $ 62,201 $ 80,200 $ (13,989) $ 66,211 Trade names 24,600 (5,359) 19,241 24,600 (4,334) 20,266 Total intangible assets $ 104,800 $ (23,358) $ 81,442 $ 104,800 $ (18,323) $ 86,477

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Operating Lease Information	The following table presents balance sheet and other operating lease information (dollars in thousands): June 30, 2024 December 31, 2023 Right-of-use assets (recorded in other non-current assets) $ 43,356 $ 34,814 Current lease liabilities (recorded in other current liabilities) $ 10,394 $ 9,017 Long-term lease liabilities (recorded in other long-term liabilities) 34,874 27,495 Total operating lease liabilities $ 45,268 $ 36,512 Weighted-average remaining lease term for operating leases 5.72 years 6.15 years Weighted-average discount rate for operating leases 4.6 % 3.6 %
Schedule of Maturities of Operating Lease Liabilities	The following table presents the maturities of operating lease liabilities as of June 30, 2024 (in thousands): 2024 (remaining) $ 6,322 2025 11,417 2026 9,704 2027 7,645 2028 6,456 Thereafter 9,325 Total undiscounted operating lease payments $ 50,869 Less: Imputed interest (5,601) Present value of operating lease liabilities $ 45,268
Schedule of Lessor Operating Lease Maturities	The following table presents information about the maturities of these operating leases as of June 30, 2024 (in thousands): 2024 (remaining) $ 3,528 2025 2,606 2026 311 2027 78 2028 — Thereafter — Total $ 6,523

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis (in thousands): Level in Fair Value June 30, 2024 December 31, 2023 Assets: Other non-current assets: Equity securities (1) 1 $ 120 $ 310 Liabilities: Other long-term liabilities: Contingent consideration associated with acquisition 3 $ 9,102 $ 8,896 (1) Represents our investment in an autonomous technology company. For additional information regarding the valuation of this equity security, see Note 6 – Investments.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents changes in the fair value of our contingent earnout liabilities (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Balance at beginning of period $ 8,998 $ 12,877 $ 8,896 $ 13,400 Measurement period adjustment associated with the acquisition of ReedTMS Logistics (1) — — — (800) Change in fair value 104 151 206 428 Balance at end of period $ 9,102 $ 13,028 $ 9,102 $ 13,028 (1) The measurement period adjustment was recorded in goodwill on the consolidated condensed balance sheet.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments with Readily Determinable Fair Value	The following table summarizes the activity related to our equity investments with readily determinable fair values during the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Loss (gain) on investments in equity securities, net $ 52 $ (79) $ 190 $ 2 Portion of net unrealized loss (gain) for the period related to equity securities still held at the reporting date 52 (79) 190 2

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	At June 30, 2024, the aggregate future maturities of long-term debt by year are as follows (in thousands): 2024 (remaining) $ 10,000 2025 — 2026 — 2027 660,000 2028 — Total $ 670,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts). Three Months Ended Six Months Ended 2024 2023 2024 2023 Net income attributable to Werner $ 9,465 $ 29,881 $ 15,777 $ 65,105 Weighted average common shares outstanding 62,706 63,384 63,089 63,345 Dilutive effect of stock-based awards 154 303 202 344 Shares used in computing diluted earnings per share 62,860 63,687 63,291 63,689 Basic earnings per share $ 0.15 $ 0.47 $ 0.25 $ 1.03 Diluted earnings per share $ 0.15 $ 0.47 $ 0.25 $ 1.02

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables summarize our segment information (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenues by Segment Truckload Transportation Services $ 537,069 $ 570,192 $ 1,088,195 $ 1,158,522 Werner Logistics 208,912 224,549 411,394 453,218 Other 17,467 19,376 36,420 39,877 Corporate 613 501 1,203 976 Subtotal 764,061 814,618 1,537,212 1,652,593 Inter-segment eliminations (3,263) (3,522) (7,334) (8,783) Total $ 760,798 $ 811,096 $ 1,529,878 $ 1,643,810 Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating Income (Loss) by Segment Truckload Transportation Services $ 20,998 $ 45,159 $ 41,838 $ 96,145 Werner Logistics 550 4,355 (1,779) 9,292 Other (966) (86) (1,175) 463 Corporate (971) (2,230) (3,685) (5,316) Total $ 19,611 $ 47,198 $ 35,199 $ 100,584 Three Months Ended Six Months Ended 2024 2023 2024 2023 Depreciation and Amortization by Segment Truckload Transportation Services $ 65,572 $ 67,614 $ 132,505 $ 134,457 Werner Logistics 3,745 3,865 7,412 7,924 Other 2,533 2,914 5,267 5,787 Corporate 822 505 1,758 1,043 Total $ 72,672 $ 74,898 $ 146,942 $ 149,211

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue by Revenue Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of revenue
Revenues by Segment	$ 760,798	$ 811,096	$ 1,529,878	$ 1,643,810
Inter-segment eliminations
Disaggregation of revenue
Revenues by Segment	(3,263)	(3,522)	(7,334)	(8,783)
Truckload Transportation Services | Operating Segments
Disaggregation of revenue
Revenues by Segment	537,069	570,192	1,088,195	1,158,522
Werner Logistics | Operating Segments
Disaggregation of revenue
Revenues by Segment	208,912	224,549	411,394	453,218
Transportation services
Disaggregation of revenue
Revenues by Segment	742,718	791,219	1,492,255	1,602,957
Other revenues
Disaggregation of revenue
Revenues by Segment	$ 18,080	$ 19,877	$ 37,623	$ 40,853

Revenue - Disaggregation of R_2

Revenue - Disaggregation of Revenue by Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of revenue
Revenues by Segment	$ 760,798	$ 811,096	$ 1,529,878	$ 1,643,810
United States
Disaggregation of revenue
Revenues by Segment	716,559	765,316	1,438,419	1,547,609
Mexico
Disaggregation of revenue
Revenues by Segment	36,165	37,338	75,285	79,151
Other
Disaggregation of revenue
Revenues by Segment	$ 8,074	$ 8,442	$ 16,174	$ 17,050

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Accounts receivable, trade, net	$ 409,986	$ 444,944
Contract assets	8,400	7,400
Contract liabilities	1,100	$ 900
Revenue recognized from contract liability during the period	$ 900
Average transit time (in days)	3 days

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 104,800	$ 104,800
Accumulated Amortization	(23,358)	(18,323)
Net Carrying Amount	81,442	86,477
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	80,200	80,200
Accumulated Amortization	(17,999)	(13,989)
Net Carrying Amount	62,201	66,211
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	24,600	24,600
Accumulated Amortization	(5,359)	(4,334)
Net Carrying Amount	$ 19,241	$ 20,266

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 2.5	$ 2.5	$ 5	$ 5.3
Remainder of 2024	5		5
2025	10.1		10.1
2026	10.1		10.1
2027	10.1		10.1
2028	10.1		10.1
2029	$ 10.1		$ 10.1

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Right-of-use asset recognized as non-cash asset addition			$ 13.8	$ 4.1
Cash paid for amounts included in measurement of operating lease liability			5.8	5.8
Total operating lease expense	$ 4.9	$ 5.9	9.4	12.1
Long-term operating lease expense	$ 3.3	$ 3	$ 6	$ 6
Operating lease, lease income, statement of income or comprehensive income [Extensible Enumeration]	Revenues by Segment	Revenues by Segment	Revenues by Segment	Revenues by Segment
Operating lease revenues	$ 2.3	$ 2.7	$ 4.8	$ 5.4
Minimum
Lessee, Lease, Description [Line Items]
Operating leases remaining term, lessee	1 year		1 year
Operating leases remaining term, lessor	3 years		3 years
Maximum
Lessee, Lease, Description [Line Items]
Operating leases remaining term, lessee	18 years		18 years
Operating leases remaining term, lessor	8 years		8 years

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease, right-of-use asset, Statement of financial position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Right-of-use assets (recorded in other non-current assets)	$ 43,356	$ 34,814
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Current lease liabilities (recorded in other current liabilities)	$ 10,394	$ 9,017
Operating lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Long-term lease liabilities (recorded in other long-term liabilities)	$ 34,874	$ 27,495
Total operating lease liabilities	$ 45,268	$ 36,512
Weighted-average remaining lease term for operating leases	5 years 8 months 19 days	6 years 1 month 24 days
Weighted-average discount rate for operating leases	4.60%	3.60%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
2024 (remaining)	$ 6,322
2025	11,417
2026	9,704
2027	7,645
2028	6,456
Thereafter	9,325
Total undiscounted operating lease payments	50,869
Less: Imputed interest	(5,601)
Present value of operating lease liabilities	$ 45,268	$ 36,512

Leases - Schedule of Lessor Ope

Leases - Schedule of Lessor Operating Lease Maturities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases [Abstract]
2024 (remaining)	$ 3,528
2025	2,606
2026	311
2027	78
2028	0
Thereafter	0
Total	$ 6,523

Fair Value - Schedule of Assets

Fair Value - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 1
Assets:
Equity securities	$ 120	$ 310
Fair Value, Inputs, Level 3 | Other long-term liabilities:
Liabilities:
Contingent consideration associated with acquisition	$ 9,102	$ 8,896

Fair Value - Schedule of Change

Fair Value - Schedule of Changes In Fair Value of Contingent Consideration (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 8,998	$ 12,877	$ 8,896	$ 13,400
Measurement period adjustment associated with the acquisition of ReedTMS Logistics			0	(800)
Change in fair value	104	151	206	428
Ending balance	9,102	13,028	9,102	13,028
ReedTMS
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Measurement period adjustment associated with the acquisition of ReedTMS Logistics	$ 0	$ 0	$ 0	$ (800)

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - Unsecured Debt - BMO Term Loan - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 2
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair value of long term debt		$ 86.7
Line of Credit
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Term loan	$ 0	$ 88.8

Investments - Equity Investment

Investments - Equity Investments without Readily Determinable Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Equity Securities without Readily Determinable Fair Value [Line Items]
Cumulative unrealized gain on interest in investment	$ 56,800
Mastery Logistics Systems, Inc.
Equity Securities without Readily Determinable Fair Value [Line Items]
Investment in equity securities	89,800	$ 89,800
Other Equity Investments Without Readily Determinable Fair Values
Equity Securities without Readily Determinable Fair Value [Line Items]
Investment in equity securities	$ 337	$ 316

Investments - Schedule of Inves

Investments - Schedule of Investments With Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Equity Securities With Readily Determinable Fair Value [Line Items]
Loss (gain) on investments in equity securities, net			$ 190	$ 2
Fair Value, Inputs, Level 1 | Fair Value, Recurring
Equity Securities With Readily Determinable Fair Value [Line Items]
Equity securities	$ 120		120		$ 310
Loss (gain) on investments in equity securities, net	52	$ (79)	190	2
Portion of net unrealized loss (gain) for the period related to equity securities still held at the reporting date	$ 52	$ (79)	$ 190	$ 2

Investments - Equity Method Inv

Investments - Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Jan. 31, 2023
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investment			$ 2,360	$ 2,645
Loss from equity method investment	$ 141	$ 844	$ 274	844
Autotech Fund III, L.P
Schedule of Equity Method Investments [Line Items]
Equity method investment, purchase commitment						$ 20,000
Equity method investment, ownership percentage (less than)	20%		20%
Cumulative contributions	$ 5,700		$ 5,700
Payments to acquire equity method investment			2,400	2,600
Equity method investments	4,400		4,400		$ 2,300
Loss from equity method investment	$ 100	$ 800	$ 300	$ 800

Debt and Credit Facilities - Na

Debt and Credit Facilities - Narrative (Details)				1 Months Ended	6 Months Ended
	May 14, 2024 USD ($)	Dec. 20, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jul. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) interestRateSwap Rate	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
Repayments of long-term debt					$ 136,250,000	$ 50,000,000
Proceeds from issuance of long-term debt					150,000,000	$ 0
Revolving Credit Facility | Unsecured Debt | Subsequent Event
Line of Credit Facility [Line Items]
Repayments of lines of credit				$ 10,000,000
Proceeds from issuance of long-term debt				$ 30,000,000
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 1,075,000,000			399,100,000
Borrowings outstanding					670,000,000		$ 648,800,000
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | Minimum
Line of Credit Facility [Line Items]
Unused capacity commitment fee, percentage		0.125%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | Maximum
Line of Credit Facility [Line Items]
Unused capacity commitment fee, percentage		0.25%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | Federal Funds Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | One-month Term SOFR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.10%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | One-month Term SOFR | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.125%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | One-month Term SOFR | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.75%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | SOFR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.10%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | SOFR | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.125%
Revolving Credit Facility | 2022 Credit Agreement | Unsecured Debt | SOFR | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.75%
Revolving Credit Facility | Swingline loans drawn under the 2022 Credit Agreement | Unsecured Debt | Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.125%
Revolving Credit Facility | Swingline loans drawn under the 2022 Credit Agreement | Unsecured Debt | Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.75%
Revolving Credit Facility | 2022 Credit Agreement, Interest Rate Swap, Mature Date At May Two Thousand Twenty Seven | Unsecured Debt
Line of Credit Facility [Line Items]
Interest rate swap facility, amount					$ 75,000,000
Interest rate swap facility, fixed interest					5.84%
Revolving Credit Facility | 2022 Credit Agreement, Interest Rate Swap, Mature Date At May Two Thousand Twenty Four
Line of Credit Facility [Line Items]
Number of interest rate swaps entered into during period | interestRateSwap					2
Interest rate swap facility, amount					$ 150,000,000
Revolving Credit Facility | Variable Rate Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Line of credit borrowings outstanding					$ 390,000,000
Line of credit facility, interest rate					6.67%
Revolving Credit Facility | 2022 Credit Agreement, Interest Rate Swap, Mature Date At July Two Thousand Twenty Five | Unsecured Debt
Line of Credit Facility [Line Items]
Interest rate swap facility, amount					$ 40,000,000
Interest rate swap facility, fixed interest					6.20%
Revolving Credit Facility | 2022 Credit Agreement, Interest Rate Swap, Mature Date At July Two Thousand Twenty Six | Unsecured Debt
Line of Credit Facility [Line Items]
Interest rate swap facility, amount					$ 90,000,000
Interest rate swap facility, fixed interest					5.87%
Revolving Credit Facility | 2022 Credit Agreement, Interest Rate Swap, Mature Date At April Two Thousand Twenty Seven | Unsecured Debt
Line of Credit Facility [Line Items]
Interest rate swap facility, amount					$ 75,000,000
Interest rate swap facility, fixed interest					5.98%
Letter of Credit | 2022 Credit Agreement | Unsecured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 100,000,000
Standby Letters of Credit | 2022 Credit Agreement | Unsecured Debt
Line of Credit Facility [Line Items]
Stand-by letters of credit					$ 5,900,000
Standby Letters of Credit | 2022 Credit Agreement | Unsecured Debt | Minimum
Line of Credit Facility [Line Items]
Commission percentage		1.125%
Standby Letters of Credit | 2022 Credit Agreement | Unsecured Debt | Maximum
Line of Credit Facility [Line Items]
Commission percentage		1.75%
Line of Credit | BMO Term Loan | Unsecured Debt
Line of Credit Facility [Line Items]
Term loan face amount			$ 100,000,000
Term loan interest rate | Rate					1.28%
Periodic payment, principal			$ 1,250,000
Repayments of long-term debt	$ 86,300,000
Line of Credit | 2022 Credit Agreement, Interest Rate Swap, Mature Date At May Two Thousand Twenty Seven
Line of Credit Facility [Line Items]
Number of interest rate swaps entered into during period | interestRateSwap					2
Interest rate swap facility, amount					$ 150,000,000

Debt and Credit Facilities - Sc

Debt and Credit Facilities - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2024 (remaining)	$ 10,000
2025	0
2026	0
2027	660,000
2028	0
Total	$ 670,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions		1 Months Ended
	Jul. 30, 2018	May 31, 2017	Jun. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Commitment for property and equipment purchases			$ 202.6
Loss contingency, damages awarded, value		$ 0.8
Loss contingency, damages awarded, attorney fees and costs		$ 0.5
May 17, 2018 Verdict
Loss Contingencies [Line Items]
Loss contingency, damages awarded, value	$ 92
Self insurance retained liability	$ 10
Loss contingency, estimate of possible loss			41.3	$ 39.8
Loss contingency, accrual, noncurrent			$ 79.2	$ 79.2

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to Werner	$ 9,465	$ 29,881	$ 15,777	$ 65,105
Weighted average common shares outstanding (in shares)	62,706	63,384	63,089	63,345
Dilutive effect of stock-based awards (in shares)	154	303	202	344
Shares used in computing diluted earnings per share (in shares)	62,860	63,687	63,291	63,689
Basic earnings per share (in dollars per share)	$ 0.15	$ 0.47	$ 0.25	$ 1.03
Diluted earnings per share (in dollars per share)	$ 0.15	$ 0.47	$ 0.25	$ 1.02

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2024 operatingUnit segment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Truckload Transportation Services
Segment Reporting Information [Line Items]
Number of operating units	2
Werner Logistics
Segment Reporting Information [Line Items]
Number of operating units	3

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenues by Segment	$ 760,798	$ 811,096	$ 1,529,878	$ 1,643,810
Operating Income (Loss) by Segment	19,611	47,198	35,199	100,584
Depreciation and Amortization by Segment	72,672	74,898	146,942	149,211
Subtotal
Segment Reporting Information [Line Items]
Revenues by Segment	764,061	814,618	1,537,212	1,652,593
Other
Segment Reporting Information [Line Items]
Revenues by Segment	17,467	19,376	36,420	39,877
Operating Income (Loss) by Segment	(966)	(86)	(1,175)	463
Depreciation and Amortization by Segment	2,533	2,914	5,267	5,787
Corporate
Segment Reporting Information [Line Items]
Revenues by Segment	613	501	1,203	976
Operating Income (Loss) by Segment	(971)	(2,230)	(3,685)	(5,316)
Depreciation and Amortization by Segment	822	505	1,758	1,043
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues by Segment	(3,263)	(3,522)	(7,334)	(8,783)
Truckload Transportation Services | Operating Segments
Segment Reporting Information [Line Items]
Revenues by Segment	537,069	570,192	1,088,195	1,158,522
Operating Income (Loss) by Segment	20,998	45,159	41,838	96,145
Depreciation and Amortization by Segment	65,572	67,614	132,505	134,457
Werner Logistics | Operating Segments
Segment Reporting Information [Line Items]
Revenues by Segment	208,912	224,549	411,394	453,218
Operating Income (Loss) by Segment	550	4,355	(1,779)	9,292
Depreciation and Amortization by Segment	$ 3,745	$ 3,865	$ 7,412	$ 7,924