You can sign up for additional alert options at any time. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. Box 45308 The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. They got a building full of number counters who think long time career drivers are too much of a expense when they can take no experienced steering wheel holders and replace them. This United States transportation corporation or company article is a stub. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Find the resources you need to understand how consumer protection law impacts your business. She was 79. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. Werner stepped down from his role as executive chairman effective May 31, but will continue as. Equipment Sales, About Werner She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the proposed offering and the expected transition of the role of Chairman of the board of directors, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Type a symbol or company name. OMAHA, Neb. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Clarence L. Werner serves as Chairman of the Board of the Company. NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. You can see the complete history of Mr. Werner stock trades at the bottom of the page. Available Loads 2023, Nasdaq, Inc. All Rights Reserved. On May 10, 2016, he stepped down as CEO and became Executive Chairman. Video resources including how-to guides and more. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Expedited www.fleetowner.com is using a security service for protection against online attacks. We work to advance government policies that protect consumers and promote competition. She just really left her schedule open so she could help like that., Werner also was a voracious reader interested in current affairs and politics, her daughter said. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. They married and settled in Council Bluffs, where they founded Werner Enterprises. Please enable cookies on your browser and try again. These symbols will be available throughout the site during your session. Leathers noted he has done a lot to give back to the community. Werner recommended to the board that Leathers be named chairman when his term ends next year. Opportunities He has been a Company director since that time and also served as President until 1984. Today, over 65 years since CLs journey began, Werner Enterprises, Inc. is an asset-based logistics provider and one of the five largest truckload carriers in the United States. Werners retirement, but also beyond the tenures of the current management team, himself included. to better communicate our successes and to help us identify new areas of focus for further improvement. 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 expedited van; and temperature-controlled. Federal government websites often end in .gov or .mil. After 20 + years driving, I am about to leave the professional driving slavery. Hes always thinking way down the line, Leathers said. Event Type* Event Type*RecurringOne-Time, Pre-Qualify Now CDL Training Experienced Truck Drivers Available Truck Driver Jobs Veterans Owner Operators Opportunities Login, Dedicated One-Way Truckload Expedited Intermodal Temperature-Controlled Cross-Border Logistics Management Final Mile Freight Management & Custom Solutions, About Werner Investors Terminals Contact Logistics Blog Truck Driver Blog Werner EDGE Blog Podcasts Werner Store, Freight Quote Available Loads Become a Carrier Credit Application Werners Standard Rules Tariff Brokerage Standard Terms & Conditions Site Map Terms and Conditions Privacy Policy. googletag.cmd.push(function() { googletag.pubads().enableSingleRequest(); Final Mile Share sensitive information only on official, secure websites. is one of the five largest truck carriers in . Over the years, Werner Enterprises was steadily growing and is having now (2011) 7'300 Trucks (Tractors), 25'000 Trailers and 13'000 employees, Werner Ent. Hes very philanthropic, Leathers said. The Federal Trade Commission (FTC) announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. (CCJ Top 250, No. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. She worked there until she retired from the business in 1984. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Alternatively, copies of the prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com. Clarence L Werner is the face behind Werner Enterprises. C.L. Shareowner Services Dont miss the hottest freight event of the summer! Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. Secure .gov websites use HTTPS OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. Please enable JavaScript on your browser and try again. 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. We commit to embracing these values as we move toward an increasingly inclusive culture where every associate feels empowered to bring their whole self to Werner. The complaint 1 alleges that Mr. Werner first violated the reporting requirements of the HSR Act in May 2007, when he exercised options to acquire WEI stock that resulted in his combined holdings exceeding the . Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. There are 1 older and 21 younger executives at Werner Enterprises. It didnt take long for her to get that check.. St. Paul, MN 55164-0854 Terminals But the Werner family showed an indomitable spirit and battled the crises. In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. Clarence L. Werner serves as Chairman of the Board of the Company. 1444 Blairs Bridge Rd, Lithia Springs, GA 30122, USA, 2215 Newlins Mill Rd, Easton, PA 18045, USA, 8701 Peterbilt Ave, Dallas, TX 75241, USA, 9239 Brighton Rd, Henderson, CO 80640, USA, 10251 Calabash Ave, Fontana, CA 92335, USA, 13000 Gateway Blvd E, Clint, TX 79836, USA, 879 Northwest, Bell Rd, Lake City, FL 32055, USA, 4801 W Magnolia St, Phoenix, AZ 85043, USA, 4395 Laybourne Rd, Springfield, OH 45505, USA, 18673 Dix Toledo Rd, Brownstown Charter Twp, MI 48193, USA, 2800 S Service Rd, West Memphis, AR 72301, USA. Global Services [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Werner Enterprises, Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Do Not Sell My Personal Information (CA Residents Only). Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. You can cancel at any time. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. 13) will pay a $486,900 . Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Mr. Werner is the father of Gregory L. Werner. Excellence resale value for driver-preferred well-maintained trucks. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. Find legal resources and guidance to understand your business responsibilities and comply with the law. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. Before sharing sensitive information, make sure youre on a federal government site. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies. United States v. Clarence L. Werner; Proposed Final Judgment and Competitive Impact Statement Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents Werner Enterprises, Inc. has filed with the SEC for more complete information about Werner Enterprises, Inc. and the offering. Leathers C.L. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). [Stay on top of transportation news: Get TTNews in your inbox.]. In addition, the Clarence L. Werner . Gloria Werner's hard work a big part of trucking company's success. Today, the Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino (HSR) Act. Need to talk to an agent? If you experience any issues with this process, please contact us for further assistance. They think a degree in management or logistics makes them better then the drivers and qualified to tell someone with no tickets, csa points or accidents how to drive. Benefits of latest machine technology to improve fuel efficiency. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. Werner stepped down from his role as executive chairman effective May 31, but will continue as chairman of the board of directors through the end of his current term, which is set to end May 2021. Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Higher horsepower maintains consistent productivity over various road grades. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Listen to today's daily briefing: Subscribe: Apple Podcasts | Spotify | Amazon Alexa | Google Assistant | More, 80 M Street SE, Suite 800, Washington, D.C., 20003, Werner Acquires Truckload Carrier Baylor Trucking, Werner Partners With Aurora to Haul Freight Autonomously in Texas, FedEx Freight Plans Closure of 29 Locations | Transport Topics, California OKs Advanced Clean Fleets Regulation | Transport Topics, 3PLs Gain Market Share but Face Rising Fraud, TIA Leaders Say | Transport Topics, Toyota Class 8 Hydrogen Powertrain Approved in California | Transport Topics, 2023 Top 100 Logistics List Highlights Growth for 3PLs | Transport Topics, 2023 Transport Topics | All Rights Reserved. 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 expedited van; and temperature-controlled. Werner founded the company in 1956 at the age of 19 with a single truck. An official website of the United States government. Actual results could differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in Werners Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020. I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. MarketScreener: Created by Investors for Investors! In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Mr. Werner started his career as a truck driver at age 19 with one single truck. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Werner will remain as chairman through his current term, which expires in May 2021. Learn more about Werner and our industry expertise through these video resources. Some photos, graphics, and other materials used on this website are copyrighted and used with permission or licensed for use on this website, but may not be copied and distributed without the copyright holders permission. 1975 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. Werners Standard Rules Tariff Ive been here 21 years and yet I bring the average tenure of the executive team down, Leathers said, noting that it is not uncommon for people to remain with the company for 25 years or longer. Werner Enterprises was founded by Clarence L. Werner in 1956. googletag.pubads().collapseEmptyDivs(); To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Driver Number 1 and mega-fleet founder Clarence "C.L." Werner is taking back the wheel at Werner Enterprises, replacing son Gary as chairman of the 7,000-truck carrier. Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that . window.googletag = window.googletag || {cmd: []}; The Clarence L. Werner Revocable Trust is also expected to grant the underwriter of the offering a 30-day option to purchase up to an additional 1,284,593 shares of common stock. Same goes for the rest of the mega-$lavery companies. Morgan Stanley is acting as the sole underwriter of the offering. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. Phone: 800-228-2240 Create your Watchlist to save your favorite quotes on Nasdaq.com. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. Mr. Werner will continue to serve as Chairman of the board of directors through the end of his current term, which is expected to end in May 2021, and at that time it is expected that he will become Chairman Emeritus. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861. COMPETITIVE IMPACT STATEMENT . Resources After submitting your request, you will receive an activation email to the requested email address. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. The company also announced that nearly 13 million shares of Werners common stock held in a revocable trust was registered for sale in a public offering. On this week's episode of Idea Generation, renowned record producer Just Blaze explains how he built one of the most impressive resumes in music, taking us on a journey from his early days as a. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Temperature-Controlled Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. Hes a thoughtful leader. 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. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Terms and Conditions, Werner Announces Planned Transition of its Founder and Related Proposed Secondary Offering of Common Stock, Beginning of a New Chapter as Werner Founder CL Werner Transitions, Governance Documents & Committee Composition. The Company is not selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling shareholder. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. PRESS RELEASE: FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws, United States of America, Plaintiff v. Clarence L. Werner c/o Werner Enterprises, Inc., Defendant, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? Werner assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. The service requires full JavaScript support in order to view this website. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. When you look at that face,keep in mind that that is the face greatly responsible for the elogs crap,his drivers were driving like bandits,about to shut down by the D.O.T. Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. Site Map Omaha, NE 68145 A .gov website belongs to an official government organization in the United States. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Complete the form below and well get in touch. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. Brokerage Standard Terms & Conditions Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. In connection with CL Werner's transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust,. Careers, Dedicated Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. Werner has also stayed focused on ensuring the companys long-term success once he steps down. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Mr. Werner will continue to serve as Chairman of the board of directors through the end of his current term, which is expected to end in May 2021, and at that time it is expected that he will become Chairman Emeritus. In connection with CL Werners transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. Werner Enterprises (NASDAQ: WERN) is owned by 85.74% institutional shareholders, 57.90% Werner Enterprises insiders, and 0.00% retail investors. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Notably, the agency alleged that several of the purchases were . Old werner slogan is werner cares needs to have to lie added to it. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Contact Hes maintained his CDL, Leathers noted. Werner also has a charitable side. Investors The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. Civil Action No. One-Way Truckload The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. The Company is not selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling shareholder. The HSR Act requires companies and individuals to report stock purchases over a certain threshold to the FTC and DOJ and wait before closing the transaction so that the federal agencies can investigate the potential competitive impact of the acquisition. U.S. v. Clarence L. Werner. An official website of the United States government. He has been a Company director since that time and also served as President until 1984. Mr. Werner has recommended to the board of directors that Mr. Leathers be named Chairman of the board of directors, in addition to Chief Executive Officer and President, when Mr. Werners term ends. C.L. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Credit Application googletag.pubads().enableSingleRequest(); Type a symbol or company name.
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