-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PTg58B9gVc0nqXvcRgFjkJ0EgX1GlFijKBFFYk/fBznR0dV+Q5w6hClVogorpOHd kQgtPYTy/eVQtc1wKXBCew== 0000793074-00-000008.txt : 20000522 0000793074-00-000008.hdr.sgml : 20000522 ACCESSION NUMBER: 0000793074-00-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000518 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WERNER ENTERPRISES INC CENTRAL INDEX KEY: 0000793074 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 470648386 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-14690 FILM NUMBER: 639894 BUSINESS ADDRESS: STREET 1: 14507 FRONTIER ROAD STREET 2: P O BOX 45308 CITY: OMAHA STATE: NE ZIP: 68145 BUSINESS PHONE: 4028956640 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 18, 2000 -------------- WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) NEBRASKA 0-14690 47-0648386 (State or other jurisdiction of (Commission File (IRS Employer incorporation or organization) Number) Identification No.) 14507 FRONTIER ROAD POST OFFICE BOX 45308 OMAHA, NEBRASKA 68145 (402)895-6640 (Address of principal (Zip Code) (Registrant's telephone number) executive offices) ITEM 5. OTHER EVENTS. On May 18, 2000, the registrant issued a news release announcing that continued high fuel prices and a weak market for the sale of used trucks are affecting earnings. A copy of the news release is filed as an exhibit to this Form 8-K. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. Exhibit 99.1 News release issued on May 18, 2000. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WERNER ENTERPRISES, INC. Date: May 19, 2000 By: /s/ John J. Steele --------------------------- ------------------------------ John J. Steele Vice President, Treasurer and Chief Financial Officer Date: May 19, 2000 By: /s/ James L. Johnson --------------------------- ------------------------------ James L. Johnson Corporate Secretary and Controller EX-99 2 Exhibit 99.1 WERNER ENTERPRISES, INC. 14507 Frontier Road P. O. Box 45308 Omaha, Nebraska 68145 FOR IMMEDIATE RELEASE Contact: Robert E. Synowicki, Jr. - --------------------- Executive Vice President and Chief Information Officer (402) 894-3000 John J. Steele Vice President, Treasurer and Chief Financial Officer (402) 894-3000 WERNER ENTERPRISES ANNOUNCES THAT CONTINUED HIGH FUEL PRICES AND A WEAK USED TRUCK MARKET ARE AFFECTING EARNINGS Omaha, Nebraska, May 18, 2000 - ----------------------------- Werner Enterprises, Inc. (Werner), one of the nation's largest truckload transportation companies, announced today that continued high fuel prices and a weak market for the sale of used trucks are affecting earnings. If fuel prices remain at current levels and the market for used trucks does not improve, it is estimated that second quarter 2000 earnings will be negatively impacted due to these two factors by approximately 10 to 15 cents per share. Fuel prices reached a ten-year high during first quarter 2000 compared to a ten-year low during first quarter 1999. Fuel prices today are slightly higher than the average fuel price paid by the Company during first quarter 2000. While the Company has made substantial progress in improving the percentage reimbursement from customers for the higher cost of fuel, earnings are impacted for amounts not reimbursed by customers including empty miles between freight shipments, out-of-route miles caused in part by driver home time needs, and truck idling. In addition to the impact of high fuel prices, the used truck market has weakened due to increased inventories of new and used trucks in the marketplace and other factors. Even though the current market is very challenging, management is committed to improving earnings and shareholder value. We view these challenges as tremendous opportunities. The Company's size, superior service, advanced technology, financial strength and experienced management team provide Werner Enterprises with distinct competitive advantages. Werner Enterprises is a full-service transportation company providing truckload and other transportation services throughout the 48 states, portions of Canada and Mexico. Werner Enterprises operates a fleet of 7,175 trucks and 18,900 trailers as of March 31, 2000. Werner Enterprises common stock is traded on The Nasdaq Stock Market under the symbol WERN. The Werner Enterprises web site address is www.werner.com. Note: This announcement contains forward-looking or predictive statements that are based on information currently available. Actual results may differ materially from those currently anticipated by company management. A number of factors and events not within the Company's control could have a material impact on future financial results, including but not limited to those items discussed in Item 7 of the Company's Annual Report on Form 10-K for the year ended December 31, 1999, which are hereby incorporated by reference. The Company assumes no responsibility to update the information included in this announcement. -----END PRIVACY-ENHANCED MESSAGE-----