Login, Drive Blue Werners retirement, but also beyond the tenures of the current management team, himself included. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. FTC Fines Founder of the Truckload Carrier Werner Enterprises for Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. She worked there until she retired from the business in 1984. Clarence L. Werner,48, Barber, Dies Werner of 104 Washington Ave, Ephrata, died, in the Ephrata Community Hospital Tuesday morning after a lengthy illness. 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. 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. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. CL Werner steps down as executive chairman of Werner Enterprises Phone: 800-228-2240 Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. A .gov website belongs to an official government organization in the United States. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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. gptAdSlots.push(gptSlot); She worked. Phone: 1-800-468-9716. FTC penalizes founder of Omaha trucking firm Werner Enterprises - WOWT Official websites use .gov His wife, Helen Mellinger Werner survives. Werner Enterprises CEO Derek Leathers in an exclusive interview with Transport Topics discussed how the principles established by company founder Clarence L. Werner who plans to step down as chairman of the board next year remain the foundation of how the company operates. He is the face of tiranny and evil,as far as I am concerned. FTC Rings in the New Year with HSR Enforcement and - Proskauer On average, Clarence trades about 373,335 units every 132 days since 2004. Blog, Freight Quote 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.. Werner founder to pay nearly $487k in fines to FTC for alleged Terminals Final Judgment (April 20, 2022) United States' Unopposed Motion and Memorandum in Support of Entry of Final Judgment (April 20, 2022) Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act (December 22, 2021) Stipulation and Order . 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. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Werner Enterprises Founder Steps Down, Common Stock Offering Proposed Looking for legal documents or records? Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Founder C.L. Werner back as chairman at Werner Enterprises Share sensitive information only on official, secure websites. 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. He is expected to be named chairman emeritus once his term is over. 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 . If you experience any issues with this process, please contact us for further assistance. Clarence L. Werner serves as Chairman of the Board of the Company. We work to advance government policies that protect consumers and promote competition. The company offers a diversified portfolio of transportation and logistics services to companies around the globe, including: In addition, Werner offers an alliance carrier network of more than 26,000 carriers and ocean, air and rail providers. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. Click for more FreightWaves articles by Todd Maiden. 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 has always remained connected to its roots, Leathers said. Dont miss the hottest freight event of the summer! Excellence resale value for driver-preferred well-maintained trucks. Diversity contributes to innovation and connects us to the many communities we serve. 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. An official website of the United States government. C.L. 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. Werners outlook on managing the company, Leathers said. You can sign up for additional alert options at any time. Beginning of a New Chapter as Werner Founder CL Werner Transitions Competitive Impact Statement: U.S. v. Clarence L. Werner Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Expedited 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. Hes maintained his CDL, Leathers noted. Intermodal On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Whether in the office or behind the wheel, join Werner today. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. To find out more about WernerBlue, including our recent milestone successes as well as future goals, visit our ESG section by clicking the Learn More button below. Morgan Stanley is acting as the sole underwriter of the offering. Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Box 45308 By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. 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. These symbols will be available throughout the site during your session. Logistics 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. 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. Copy and paste multiple symbols separated by spaces. 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. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. One-Way Truckload 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 [email protected]. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Clarence L. Werner - Biography - MarketScreener.com he and his log dept deviced the evil scheme that has been getting worse ever since.
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