Werner Enterprises, Inc.
TypePublic
Founded1956 (1956)
FounderClarence L. "CL" Werner
Headquarters
Omaha, Nebraska
,
United States
Key people
  • Derek J. Leathers[1]
  • (Chairman, President & CEO)
  • Clarence L. Werner
  • (Chairman Emeritus)
  • Christopher D. Wikoff [2]
  • (EVP, Treasurer & CFO)
  • Eric J. Downing [3]
  • (EVP & COO)
ServicesFreight management
Freight transport
RevenueUS$3.3 billion (2022)
US$323.1 million (2022)
US$245.6 million (2022)
Number of employees
14,000 (2022)
Websitewerner.com
Footnotes / references
[4][5]
Werner's corporate headquarters Omaha, Nebraska

Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2022 revenues of $3.29 billion and over 14,000 employees and contractors.[6]

History

In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies.[4] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. Werner was among the six largest truckload and less-than-truckload (LTL) carriers in the United States in 2023.[7]

Acquisitions

In July 2021, Werner acquired elite regional truckload carriers ECM Transport Group (ECM Transport and Motor Carrier Service, LLC), expanding its terminal, fleet and driver footprint in the strategic Mid-Atlantic, Ohio and Northeast regions.[8]

In November 2021, Werner acquired leading final mile carrier NEHDS Logistics, LLC, expanding Werner Final Mile, integrating with Werner’s existing nationwide final mile home delivery network for big and bulky products to offer current and existing customers an expanded portfolio of transportation solutions.[9]

In October 2022, Werner acquired premier truckload carrier Baylor Trucking, Inc., expanding terminal, fleet and professional driver footprint in the east central and south-central U.S. truckload markets.[10]

In November 2022, Werner acquired asset-light logistics provider and truckload carrier, ReedTMS Logistics, adding new customers and an extensive freight brokerage network.[11]

Operations

Werner's fleet consists of approximately 8,300 trucks, 30,000 trailers and employs 14,300 employees and independent contractors.[4] The company conducts business in more than 150 countries, with offices in the U.S., Canada and Mexico. It is the largest truckload transportation provider serving the Mexico cross-border market.[12]

Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq: WERN.[13] Werner announced its Werner DRIVE strategy in 2022, which stands for Durable, Results, Innovation, Values and ESG. Building on the “5Ts + S” strategy, Werner DRIVE incorporates sustainability, capital allocation, an outcome-oriented approach to operations, a drive to innovate and a culture that supports and values its team members.[14]

Recent Awards

  • Inbound Logistics’ Top 100 3PL Provider (2023,[15] 2022[16])
  • Supply & Demand Chain Executive Women in Supply Chain (2023,[17] 2022[18])
  • Food Chain Digest Top Food Chain Provider (2023,[19] 2022[20])
  • Logistics Management Quest for Quality (2023[21])
  • Inbound Logistics’ Top 10 3PL Provider (2023[22])
  • Heavy Duty Trucking Top Green Fleet Award (2023,[23] 2022[24])
  • Food Logistics Top 3PL & Cold Storage Provider (2023,[25] 2022[26])
  • Inbound Logistics Green Supply Chain Partner (2023[27])
  • VETS Indexes 4 Star Employer (2023,[28] 2022[29])
  • Supply & Demand Chain Executive Pros to Know Award (2023[30])
  • VIQTORY Top 10 Military Friendly® Company (2023[31])
  • VIQTORY Top 10 Military Friendly® Employer (2023[32])
  • VIQTORY Top 10 Military Spouse Friendly® Employer (2023[33])
  • Newsweek’s America's Greatest Workplaces for Diversity (2023[34])
  • Military Times Best for Vets Employers List (2022[35])
  • Heavy Duty Trucking Emerging Leaders (2022[36])
  • Women in Trucking Association Top Companies for Women to Work For (2023,[37] 2022[38])
  • Inbound Logistics Top 100 Trucker (2023,[39] 2022[40])
  • Supply & Demand Chain Executive Top Supply Chain Projects (2022[41])
  • Inbound Logistics Green Supply Chain Partner (2022[42])
  • Dollar General Dedicated Partner of the Year (2022[43])

References

  1. ↑ "Derek J. Leathers Chairman, President and Chief Executive Officer". 2021-05-07.
  2. ↑ "Werner Enterprises Names Chris Wikoff as Chief Financial Officer". 2023-02-23.
  3. ↑ "Eric J. Downing, Executive Vice President and Chief Operating Officer". 2023-01-01.
  4. 1 2 3 Wolf, Connor D. (2020-06-18). "Werner CEO Looks Back at Founder's Legacy". Transport Topics. Retrieved 2020-07-16.
  5. ↑ Werner Enterprises (2018-02-27). "Werner Enterprises, Inc, Form 10-K, Annual Report". secdatabase.com. Retrieved May 13, 2018.
  6. ↑ "Werner Enterprises Reports Fourth Quarter and Annual 2022 Results" (PDF). 3 February 2023.
  7. ↑ "Top 50 trucking companies 2023". www.supplychaindigital.com. Retrieved 2020-07-17.
  8. ↑ "Werner acquires regional carriers in $142M deal with ECM Transport Group". July 1, 2021.
  9. ↑ "Werner grows final-mile platform through $64M acquisition of NEHDS". November 29, 2021.
  10. ↑ "Werner Enterprises acquires Baylor Trucking". October 3, 2022.
  11. ↑ "Werner announces its acquisition of ReedTMS Logistics". November 8, 2022.
  12. ↑ "Werner Enterprises expands Mexico operations with new $8 million cross-dock facility".
  13. ↑ "WERN". www.nasdaq.com. Retrieved 2020-07-16.
  14. ↑ "2022 Werner Annual Report" (PDF).
  15. ↑ "Top 100 3PLs". Inbound Logistics. 2023-07-24. Retrieved 2023-10-30.
  16. ↑ "2022 Top 100 3PL Providers". Inbound Logistics. Retrieved 2023-10-30.
  17. ↑ "2023 Supply & Demand Chain Executive Women in Supply Chain".
  18. ↑ "2022 Supply & Demand Chain Executive Women in Supply Chain" (PDF).
  19. ↑ America, Published by Food Shippers of. "Top Food Chain Providers". www.foodshippers.org. Retrieved 2023-10-30.
  20. ↑ "2022 Food Chain Digest Top Food Chain Provider" (PDF).
  21. ↑ Staff, L. M. "Quest for Quality 2023: Truckload". Logistics Management. Retrieved 2023-10-30.
  22. ↑ "Top 10 3PLs: Readers' Choice Excellence Awards". Inbound Logistics. 2023-07-25. Retrieved 2023-10-30.
  23. ↑ Bookmark +, Heavy Duty Trucking Staff •. "HDT Announces 2023 Top Green Fleets". www.truckinginfo.com. Retrieved 2023-10-30.
  24. ↑ Bookmark +, Heavy Duty Trucking Staff •. "HDT Announces 2022 Top Green Fleets". www.truckinginfo.com. Retrieved 2023-10-30.
  25. ↑ "2023 Food Logistics Top 3PL & Cold Storage".
  26. ↑ "Top 10 3PLs: Readers' Choice Excellence Awards". Inbound Logistics. 2022-07-31. Retrieved 2023-10-30.
  27. ↑ "2023 Inbound Logistics Green Supply Chain Partner".
  28. ↑ fryoneusa. "Employer Awards Results - 2023". VETS Indexes. Retrieved 2023-10-30.
  29. ↑ fryoneusa. "Employer Awards Results - 2022". VETS Indexes. Retrieved 2023-10-30.
  30. ↑ "Supply & Demand Chain Executive Names Werner Associate a 2023 Pros to Know Award Winner". Bloomberg.com. 2023-03-22. Retrieved 2023-10-30.
  31. ↑ "2023 MILITARY FRIENDLY COMPANIES | Military Friendly". www.militaryfriendly.com. Retrieved 2023-10-30.
  32. ↑ "Military Friendly | Military Friendly". www.militaryfriendly.com. Retrieved 2023-10-30.
  33. ↑ "Military Spouse Friendly Employers | Military Friendly". www.militaryfriendly.com. Retrieved 2023-10-30.
  34. ↑ Newsweek (2022-12-09). "America's Greatest Workplaces for Diversity 2023". Newsweek. Retrieved 2023-10-30.
  35. ↑ "Best For Vets 2022: Employers". employers.militarytimes.com. Retrieved 2023-10-30.
  36. ↑ September 26; Bookmark +, 2022 • Vesna Brajkovic •. "HDT Announces 2022 Emerging Leaders". www.truckinginfo.com. Retrieved 2023-10-30.{{cite web}}: CS1 maint: numeric names: authors list (link)
  37. ↑ Staff, Women In Trucking. "Women In Trucking Association Names 2023 Top Companies for Women to Work For in Transportation". www.womenintrucking.org. Retrieved 2023-10-30.
  38. ↑ Staff, Women In Trucking. "Women In Trucking Association Names 2022 Top Companies for Women to Work For in Transportation". www.womenintrucking.org. Retrieved 2023-10-30.
  39. ↑ "2023 Inbound Logistics Top 100 Truckers". Inbound Logistics. 2023-09-14. Retrieved 2023-10-30.
  40. ↑ "Top 100 Truckers". Inbound Logistics. Retrieved 2023-10-30.
  41. ↑ "2022 Supply & Demand Chain Executive Top Supply Chain Projects".
  42. ↑ "2022 75 Green Supply Chain Partners". Inbound Logistics. 2022-06-12. Retrieved 2023-10-30.
  43. ↑ "2022 Dollar General Dedicated Partner of the Year".


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