EXHIBIT 99.1
WERNER ENTERPRISES, INC.
14507 Frontier Road
P. O. Box 45308
Omaha, Nebraska 68145
FOR IMMEDIATE RELEASE
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CONTACT: John J. Steele
Executive Vice President, Treasurer and
Chief Financial Officer
(402) 894-3036
Robert E. Synowicki, Jr.
Executive Vice President and
Chief Information Officer
(402) 894-3350
WERNER ENTERPRISES ANNOUNCES QUARTERLY
AND SPECIAL DIVIDENDS
Omaha, Nebraska, November 10, 2009:
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Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation's
largest transportation and logistics companies, announced today that
its Board of Directors declared a regular quarterly cash dividend of
$.050 (5.0 cents) per common share payable to stockholders of record at
the close of business on January 11, 2010. This dividend will be paid
on January 26, 2010.
Werner Enterprises is currently in its twenty-third year of paying
quarterly cash dividends on its common stock to its stockholders. The
first quarterly cash dividend was paid by Werner Enterprises in July
1987.
Werner also announced that its Board of Directors declared a
special cash dividend of $1.25 per common share payable to stockholders
of record at the close of business on November 23, 2009. This dividend
will be paid on December 8, 2009. As a result of the special dividend,
a total of approximately $90 million will be paid on Werner's 72
million common shares outstanding. Werner also paid a special cash
dividend of $2.10 per common share in December 2008.
Werner Enterprises, Inc. was founded in 1956 and is a premier
transportation and logistics company, with coverage throughout North
America, Asia, Europe, South America, Africa and Australia. Werner
maintains its global headquarters in Omaha, Nebraska and maintains
offices in the United States, Canada, Mexico, China and Australia.
Werner is among the five largest truckload carriers in the United
States, with a diversified portfolio of transportation services that
includes dedicated, medium-to-long-haul, regional and local van
capacity, expedited, temperature-controlled and flatbed services.
Werner's Value Added Services portfolio includes freight management,
truck brokerage, intermodal, load/mode and network optimization and
freight forwarding. Werner, through its subsidiary companies, is a
licensed U.S. NVOCC, U.S. Customs Broker, licensed Freight Forwarder in
China, licensed China NVOCC, TSA-approved Indirect Air Carrier and IATA
Accredited Cargo Agent.
Werner Enterprises, Inc.'s common stock trades on the NASDAQ
Global Select MarketSM under the symbol "WERN". For further
information about Werner, visit the company's website at
www.werner.com.