CL Werner steps down as executive chairman of Werner Enterprises Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Credit Application At that time, the company expects he will become Chairman Emeritus. 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. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States 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). Final Mile He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. C.L. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. googletag.pubads().collapseEmptyDivs(); Notably, the agency alleged that several of the purchases were . Intermodal Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Careers, Dedicated 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. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. But 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. Sadly they dont care about the long term drivers anymore. Diversity contributes to innovation and connects us to the many communities we serve. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. She worked there until she retired from the business in 1984. 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. Apply Create your Watchlist to save your favorite quotes on Nasdaq.com. (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. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. Frequently asked questions from carriers like you! By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. 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. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. His wife, Helen Mellinger Werner survives. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. 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. Complete the form below and well get in touch. To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. googletag.pubads().enableSingleRequest(); Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Werner Enterprises - Wikipedia Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. 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. COMPETITIVE IMPACT STATEMENT . Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. 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. C.L. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. He is expected to be named chairman emeritus once his term is over. 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. Werner Enterprises, Inc. founder Clarence L. Werner agreed to a $486,900 civil penalty to settle claims that he violated the HSR Act by acquiring Werner Enterprises stock in a series of open market purchases without filing under the HSR Act and observing the required waiting period. Clarence L. Werner serves as Chairman of the Board of the Company. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); to better communicate our successes and to help us identify new areas of focus for further improvement. There are 1 older and 21 younger executives at Werner Enterprises. Same goes for the rest of the mega-$lavery companies. On average, Clarence trades about 373,335 units every 132 days since 2004. In addition, the Clarence L. Werner . 100-2065fthayer@werner.com. Clarence L Werner (1921-1970) - Find a Grave Memorial 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 has been a Company director since that time and also served as President until 1984. Hes very philanthropic, Leathers said. Blog, Freight Quote The company also announced that nearly 13 million shares of Werners common stock held in a revocable trust was registered for sale in a public offering. 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. 16(b)-(h), that a proposed Final Judgment, Stipulation, and Competitive Impact Statement have been filed with the United States District Court for the District of Werner Enterprises Founder Retires From Role as Executive Chairman Its truly the epitome of an American success story.. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 13) will pay a $486,900 . 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. Werner was in continuous violation of the HSR Act from May 14, 2007, when he acquired the Werner Inc. voting securities valued in excess of the HSR Act's $100 million filing threshold, as adjusted, through April 3, 2020, when the waiting period expired on his . Maintaining a new fleet with an average tractor age of 2 years results in: At Werner, we support and encourage the diverse voices and perspectives of our associates, our customers, and our suppliers. They married and settled in Council Bluffs, where they founded Werner Enterprises. Founder C.L. Werner back as chairman at Werner Enterprises Gloria Werner's hard work a big part of trucking company's success Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. 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. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. 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. This United States transportation corporation or company article is a stub. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. St. Paul, MN 55164-0854 He was the third of seven children of his parents. 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. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Warren Buffett, chairman and chief executive officer of Berkshire Temperature-Controlled In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Benefits of latest machine technology to improve fuel efficiency. We work to advance government policies that protect consumers and promote competition. Werners outlook on managing the company, Leathers said. Contact the writer: 402-444-1414, paige.yowell@owh.com. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. Logistics Despite the companys growth over the years, C.L. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Werner Enterprises, Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. 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. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. 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()); The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. There is no future nor money in transportation! After submitting your request, you will receive an activation email to the requested email address. 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. Cl Werner, Werner Enterprises Inc: Profile and Biography window.googletag = window.googletag || {cmd: []}; Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. MarketScreener: Created by Investors for Investors! 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.
houses for rent winston salem, nc craigslist
October 2nd - 4th, 2020