The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Werner Enterprises, Inc. founder Clarence L. Werner agreed to a $486,900 civil penalty to settle claims that he violated the HSR Act by acquiring Werner Enterprises stock in a series of open market purchases without filing under the HSR Act and observing the required waiting period. 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 maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. 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. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Do Not Sell My Personal Information (CA Residents Only). As a result of these professional experiences, Mr. Werner brings to the Board a unique understanding of our business and operations attributed to his long-standing commitment to, management of and involvement with the Company for over 60 years, as well as his significant and extensive knowledge of the transportation industry. Leathers added C.L. Please enable JavaScript on your browser and try again. OMAHA, Neb. }); googletag.cmd.push(function() { The legacy hes built is founded on integrity, doing things the right way, putting the customer at the forefront of what we do and always having respect for the role and importance of the professional drivers.. 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. He was the third of seven children of his parents. Today the carrier has more than 7,800 tractors in service, generating nearly $2.5 billion in revenue during 2019. 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. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. Before sharing sensitive information, make sure youre on a federal government site. Frequently asked questions from carriers like you! Complete the form below and well get in touch. 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. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. She was very interested in her local community and what was going on and how she could be a good citizen.. Looking for legal documents or records? Please enable cookies on your browser and try again. Leathers C.L. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Clarence L. Werner serves as Chairman of the Board of the Company. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Defendant. Hes maintained his CDL, Leathers noted. Click for more FreightWaves articles by Todd Maiden. COVID-19 has placed significant strain on many freight networks. He has been a Company director since that time and also served as President until 1984. 1:21-cv-03332 Judge: James E. Boasberg Start Printed Page 479 Complaint for Civil Penalties for Failure To Comply With the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act After submitting your request, you will receive an activation email to the requested email address. 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. C.L. 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. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. Phone: 1-800-468-9716. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. Everyone today likes to focus on the highlights of these highly successful people and wants to rewrite history as if its an overnight success story, Leathers said. He served as Chairman Emeritus from May 2011 until August 2015, at which time he was elected as Chairman and assumed the responsibility of Chief Executive Officer. 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. Dont miss the hottest freight event of the summer! The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. www.fleetowner.com is using a security service for protection against online attacks. Excellence resale value for driver-preferred well-maintained trucks. googletag.pubads().collapseEmptyDivs(); . Brokerage Standard Terms & Conditions You can see the complete history of Mr. Werner stock trades at the bottom of the page. Elogs weren t made for ppl like me who drives legal 100% of the time,but I am a casualty,all bc of this man and his outlaw company. She worked. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. You can help Wikipedia by expanding it. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. 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. 100-2065fthayer@werner.com, Werner Investor Relations Werners outlook on managing the company, Leathers said. 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. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Despite the companys growth over the years, C.L. to better communicate our successes and to help us identify new areas of focus for further improvement. C.L. 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. 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. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. Get the latest local business news delivered FREE to your inbox weekly. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . Werner offers a modern, premium fleet and a comprehensive preventative maintenance program, resulting in clean, professional-looking equipment, maximum cargo capacity and minimal equipment downtime. Learn how and when to remove this template message, "Werner CEO Looks Back at Founder's Legacy", "Werner Enterprises, Inc, Form 10-K, Annual Report", "Werner Enterprises Reports Fourth Quarter and Annual 2021 Results", https://en.wikipedia.org/w/index.php?title=Werner_Enterprises&oldid=1144949503, This page was last edited on 16 March 2023, at 13:03. The .gov means its official. Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. Leathers noted he has done a lot to give back to the community. St. Paul, MN 55164-0854 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. P.O. Resources CLARENCE L. WERNER . 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. P.O. Box 45308 As a person, when I think of him the word that comes to mind is hes humble.. NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. 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. Its truly the epitome of an American success story.. Find legal resources and guidance to understand your business responsibilities and comply with the law. Federal government websites often end in .gov or .mil. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. Hes very philanthropic, Leathers said. The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. 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. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Old werner slogan is werner cares needs to have to lie added to it. window.googletag = window.googletag || {cmd: []}; An official website of the United States government. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. But the Werner family showed an indomitable spirit and battled the crises. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Expedited An official website of the United States government. Werner will remain as chairman through his current term, which expires in May 2021. Get up-to-the-minute news sent straight to your device. On May 10, 2016, he stepped down as CEO and became Executive Chairman. 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. Video resources including how-to guides and more. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Mr. Werner started his career as a truck driver at age 19 with one single truck. 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. Shareowner Services Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Share sensitive information only on official, secure websites. If you experience any issues with this process, please contact us for further assistance. Diversity contributes to innovation and connects us to the many communities we serve. He has been a Company director since that time and also served as President until 1984. COMPETITIVE IMPACT STATEMENT . 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. Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, and Clarence L. Werner, founder of the Werner Enterprises, right, attend an event honoring Hall of Fame pitcher Bob Gibson in Papillion, Nebraska, U.S. on Thursday, April 11, 2013. Create your Watchlist to save your favorite quotes on Nasdaq.com. Gloria Werner was always known as creative and tenacious. Box 64854 General Freight Trucking, Long-Distance, Truckload, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act, United States Explanation of Procedures Under the Antitrust Procedures and Penalties Act, Report Anticompetitive Conduct After a Natural Disaster. Same goes for the rest of the mega-$lavery companies. Omaha, NE 68145 You will be redirected once the validation is complete. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Werner Enterprises was founded by Clarence L. Werner in 1956. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Learn more about Werner and our industry expertise through these video resources. You can sign up for additional alert options at any time. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Thats likely attributable to C.L. Werner has also stayed focused on ensuring the companys long-term success once he steps down. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Careers, Dedicated The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. The co-founder of the Werner Enterprises transportation company was never afraid to do what was necessary to see the business succeed in its early days, when cash was tight and she juggled multiple roles. 100% Free Registration . Increased driver satisfaction and retention. (WOWT) - The Federal Trade Commission announced Wednesday that the founder of Omaha-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle. OMAHA, Neb., June 03, 2020 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (Nasdaq: WERN) today announced the pricing of an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which our founder Clarence L. Werner is the grantor and sole trustee, at a public offering price of $41.00 per share. googletag.pubads().enableSingleRequest(); 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. section 8 houses for rent in north county,
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