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Werner Enterprises history
Werner Enterprises company history timeline
Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956.
In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa.
C. L. makes his first big truck purchase of 10 Freightliners in 1971.
As the Werner team continues to grow, so does its customer base ‐ Werner welcomes Maytag, its first Fortune 500 customer, in 1975.
In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska.
In June 1986, Werner Enterprises goes public on Nasdaq.
In 1992, Werner Enterprises greatly broadened its service offerings by expanding into the temperature-controlled, regional short-haul and dedicated-fleet segments of the trucking industry.
Many years later, in 1993, a Fortune magazine write-up on Werner Enterprises noted Clarence Werner's recollections of the early days and hard times of the trucking company he founded.
In 1993 it was reported that all of the company's trucks had on-board computers which connected truckers to headquarters via satellite, thus providing both the trucker and the home office with real-time information.
Though Werner had topped its revenues and earnings record for eight years running, stock prices were down from $29 in early 1994, to $21.25 the following year.
In line with its continued growth as a company, in 1993 Werner Enterprises had moved into intermodal transportation, which combines trucking and rail transport. It had also created a division to handle logistics in 1995.
Revenues for the fourth quarter, for instance, had increased to $206 million, marking a 22 percent increase over fourth quarter revenues in 1996.
In September 1997, Werner began handling a number of services for Dollar General distribution centers in Oklahoma, Virginia, Kentucky, and Georgia.
In December 1997, Werner Enterprises announced a plan to buy back as many as two million shares of its common stock, presumably to drive up the value of what its leadership believed were undervalued certificates.
In 1997, for example, its 25 largest customers comprised a mere 40 percent of the company's income, and no one client accounted for more than seven percent of revenues.
In line with its cautious approach to business, in 1997 Werner Enterprises built a "disaster recovery site" near 72nd and Q streets in Omaha.
In addition to the construction of the 66,000-square-foot disaster recovery building, in 1997 Werner Enterprises was also building a 140,000-square-foot office building.
In February 1998, Werner signed an agreement with Dollar General whereby it would handle all trucking operations at the four distribution centers.
In June 1998, Werner Enterprises becomes the first carrier to implement electronic logs, replacing traditional paper logbooks used by drivers to record work hours and activities.
By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue.
In September 2004, Werner is the first and only carrier granted exemption from running paper logbooks by the Federal Motor Carrier Safety Administration.
Werner Enterprises and Werner Global Logistics are named as the official freight forwarder and logistics provider for the pools used in the 2008 United States Swim Trials.
Werner was among the five largest truckload carriers in the United States in 2020.
In July 2021, Werner Enterprises proudly announced the acquisition of ECM Transport Group (ECM). Werner offers an elite Regional Truckload solution through this acquisition.
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Werner Enterprises competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Schneider National | 1935 | $5.3B | 19,600 | 69 |
| Celadon Group | 1985 | $1.1B | 5,975 | 1 |
| Yellow | 1924 | $5.2B | 19,000 | - |
| XPO Logistics | 1989 | $8.1B | 44,000 | - |
| Old Dominion Freight Line | 1934 | $5.8B | 19,779 | 123 |
| Livingston International | 1945 | $650.0M | 3,300 | 51 |
| Ryder System | 1933 | $12.6B | 39,900 | 5,863 |
| Berkshire Hathaway | 1839 | $371.4B | 360,000 | 306 |
| Avis Budget Group | 1946 | $5.4B | 30,000 | 932 |
| UPS | 1907 | $91.1B | 481,000 | 1,164 |
Werner Enterprises history FAQs
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Werner Enterprises may also be known as or be related to Werner Enterprises, Werner Enterprises Inc, Werner Enterprises, Inc and Werner Enterprises, Inc.