WERNER ENTERPRISES INC

Werner Enterprises, Inc. (Nasdaq: WERN) operates as one of the largest truckload carriers in the United States, providing transportation and logistics services across North America. The company maintains its website at www.werner.com and was founded in 1956, completing its initial public offering in 1986.

The company operates through two primary reportable segments. The Truckload Transportation Services segment, which generated 69 percent of total operating revenues, comprises Dedicated operations serving specific customers with dedicated fleets and One-Way Truckload services including medium-to-long-haul van, expedited, regional short-haul, and temperature-controlled operations. The Werner Logistics segment, accounting for 29 percent of revenues, provides non-asset-based transportation and logistics services through truckload logistics, intermodal rail transportation, and final-mile delivery divisions. The remaining two percent of revenues comes from non-reportable segments.

As of December 31, 2025, Werner operated 6,785 company-operated tractors and 315 independent contractor tractors in its Truckload Transportation Services segment, along with 27 drayage tractors and 170 final-mile delivery trucks in Werner Logistics. The company maintained a fleet of 28,780 trailers comprised of dry vans, flatbeds, temperature-controlled, and specialized trailers. The average age of the company truck fleet was 2.7 years, with nearly all company-owned trucks equipped with collision mitigation safety systems and automated manual transmissions.

Werner employed 8,677 drivers, 638 mechanics and maintenance associates, 1,465 office associates for trucking operations, and 1,251 associates for Werner Logistics and other operations as of year-end 2025. The company maintains 20 driver training locations supporting driver development and industry training.

The company's customer base is concentrated among major retailers and consumer product companies, with the largest five customers representing 38 percent of revenues and the largest customer, Dollar General, accounting for 11 percent of total revenues. Werner transports primarily retail merchandise, consumer products, food and beverage, and manufactured goods throughout the 48 contiguous United States, with operations extending into Canada and Mexico. The company recently acquired FirstFleet, a dedicated truckload carrier, in January 2026, expanding its Dedicated operations.