Sadly they dont care about the long term drivers anymore. After submitting your request, you will receive an activation email to the requested email address. Clarence L Werner Biography 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. The largest trade he's ever made was selling 14,130,523 units of Werner Enterprises stock on 8 June 2020 worth over $579,351,443. During the Great Depression years, poverty struck the family, and living conditions were tough. You can cancel at any time. If you experience any issues with this process, please contact us for further assistance. Box 45308 To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. P.O. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. Get up-to-the-minute news sent straight to your device. googletag.enableServices(); Werner Leathers In connection with this transition, the company announced an underwritten public offering of 12.8 million shares of its common stock by the Clarence L. Werner Revocable Trust. Leathers noted he has done a lot to give back to the community. 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. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Gloria Werner was always known as creative and tenacious. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Benefits of latest machine technology to improve fuel efficiency. Want more news? We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. [3], In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Werners retirement, but also beyond the tenures of the current management team, himself included. MarketScreener: Created by Investors for Investors! 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. Credit Application Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. 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. Apply He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. 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. he and his log dept deviced the evil scheme that has been getting worse ever since. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Hes a thoughtful leader. Werner was among the five largest truckload carriers in the United States in 2020. Shareowner Services At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. 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: []}; Werner stepped down from his role as executive chairman effective May 31, but will continue as. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. The .gov means its official. COVID-19 has placed significant strain on many freight networks. He was. is one of the five largest truck carriers in . 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. 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. Final Mile Share sensitive information only on official, secure websites. 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. Please enable JavaScript on your browser and try again. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. St. Paul, MN 55164-0854 Cross-Border The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. C.L. 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. googletag.pubads().collapseEmptyDivs(); Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. Do Not Sell My Personal Information (CA Residents Only). googletag.enableServices(); Logistics Civil Action No. Box 64854 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.. COMPETITIVE IMPACT STATEMENT . In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. Hes built schools and churches and made major contributions to medical centers. He is the face of tiranny and evil,as far as I am concerned. The statue, funded by Buffett, is the first of Gibson in his hometown and . 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 Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. After retiring, she threw herself into the lives of her grandchildren, Werner-Robertson said, often swooping in to watch them when parents were out of town or between day cares and nannies. For those reasons, undue reliance should not be placed on any forward-looking statement. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. 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. Werner was fortunate to have people around him who shared in his vision and remained loyal to the company including many who spent their careers there. Clarence L. Werner,48, Barber, Dies Werner of 104 Washington Ave, Ephrata, died, in the Ephrata Community Hospital Tuesday morning after a lengthy illness. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Login, Drive Blue She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. 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. Get the latest local business news delivered FREE to your inbox weekly. OMAHA, Neb. There are 1 older and 21 younger executives at Werner Enterprises. window.googletag = window.googletag || {cmd: []}; Dont miss the hottest freight event of the summer! In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. C.L. 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. Morgan Stanley is acting as the sole underwriter of the offering. Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. The Justice Department's Antitrust Division, at the request of the Federal Trade Commission (FTC), filed a civil antitrust lawsuit today in the U.S. District Court for the District of Columbia against Clarence L. Werner (Werner). On average, Clarence trades about 373,335 units every 132 days since 2004. Higher horsepower maintains consistent productivity over various road grades. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Franchisee Conversations with Chair Khan, Certificate Of Compliance with Provisions of The Antitrust Procedures and Penalties Act, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with HSR Premerger Requirements, FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws. 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. These symbols will be available throughout the site during your session. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Werners outlook on managing the company, Leathers said. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. There is no future nor money in transportation! As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. Careers, Dedicated Become a Carrier Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Morgan Stanley is acting as the sole underwriter of the offering. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. 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. I have talked for years about how we were founded by a driver, we are led by a driver and we try to lead with the driver in mind. Werner has always remained connected to its roots, Leathers said. . www.fleetowner.com is using a security service for protection against online attacks. P.O. googletag.pubads().enableSingleRequest(); Are you an organization or group who would like to request assistance from the Blue Brigade? Based in Richmond, VA, Todd is the finance editor at FreightWaves. 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 Federal government websites often end in .gov or .mil. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. 100-2065fthayer@werner.com. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. A .gov website belongs to an official government organization in the United States. 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. 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. 1975 Contact the writer: 402-444-1414, paige.yowell@owh.com. 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. Opportunities NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. 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. She worked there until she retired from the business in 1984. The service requires full cookie support in order to view this website. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Werners Standard Rules Tariff googletag.cmd.push(function() { 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. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Find legal resources and guidance to understand your business responsibilities and comply with the law. She worked. 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. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); Diversity contributes to innovation and connects us to the many communities we serve. Video resources including how-to guides and more. Werner will remain as chairman through his current term, which expires in May 2021. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. 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. Visitation is scheduled for 5 p.m. Tuesday at St. Wenceslaus Catholic Church, 15353 Pacific St., with a vigil service at 7 p.m. A funeral Mass will be celebrated at 10:30 a.m. Wednesday at the church. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Notably, the agency alleged that several of the purchases were . On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. 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, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. 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. C.L. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Equipment Sales, About Werner As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Official websites use .gov Phone: 800-228-2240 Leathers added C.L. CLARENCE L. WERNER . Increased driver satisfaction and retention. One-Way Truckload He has been a Company director since that time and also served as President until 1984. 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. 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Photo: Werner Enterprises Nebraska-based Werner Enterprises. gptAdSlots.push(gptSlot); Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. 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. She was so dedicated to her family, Werner-Robertson said. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. He was the third of seven children of his parents. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. Brokerage Standard Terms & Conditions Transportation and logistics provider Werner Enterprises' ( NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L "CL" Werner stepped down from the executive chair seat on May 31. As a person, when I think of him the word that comes to mind is hes humble.. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. www.fleetowner.com is using a security service for protection against online attacks. 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. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. Terminals Site Map International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. An official website of the United States government. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Create your Watchlist to save your favorite quotes on Nasdaq.com. 100-2065fthayer@werner.com, Werner Investor Relations She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. Click for more FreightWaves articles by Todd Maiden. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. An official website of the United States government. googletag.cmd.push(function() { 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. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. 2023, Nasdaq, Inc. All Rights Reserved. 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,. 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. Over the last 20 years, insiders at Werner Enterprises have traded over $643,911,989 worth of Werner Enterprises stock and bought 447,247 units worth $8,918,421 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. Hes continued to drive a truck at points along the way.. 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. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. 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. 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. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Clarence L. Werner Chairman-Emeritus J Jack A. Holmes Board Member K Kenneth M. Bird Board Member Alexi A. Wellman Board Member C Carmen A. Tapio Board Member S Scott C. Arves Board Member V Vikram Mansharamani Board Member D Diane K. Duren Board Member G Gerald H. Timmerman Board Member Show more Werner Enterprises Leadership Demographics 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 .

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