Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation
and logistics provider, today announced it has acquired privately owned Dedicated trucking company,
First Enterprises, Inc. (“FirstFleet”), for approximately $245 million in cash. Werner will also separately
acquire real estate properties directly from FirstFleet. The acquisition establishes Werner as the fifth largest Dedicated carrier in the U.S., meaningfully increases revenues from its higher-margin Dedicated
division, and delivers immediate accretion to earnings per share (“EPS”).
Headquartered in Murfreesboro, Tennessee, FirstFleet has sustained profitable growth over four decades
and cultivated deep relationships with top-tier customers under multi-year contracts, with an average 17-
year tenure among their top 10 customers. FirstFleet brings significant added scale to Werner with
approximately 2,400 tractors, 11,000 trailers and 37 strategically located properties near 130 customer
sites around the country. FirstFleet has unique capabilities to service attractive and durable end markets
such as grocery, bakery goods and corrugated packaging.
Werner Enterprises will conduct a conference call to discuss the FirstFleet acquisition today beginning at
9:30 a.m. CT. The news release, live webcast of the conference call, and the accompanying slide
presentation will be available below. To participate in the conference call, please dial 844-701-1165 (domestic) or
412-504-9718 (international). Please mention to the operator you are dialing in for the Werner
Enterprises call.
A replay of the conference call will be available on January 28, 2026 through February 27, 2026 by
dialing (855) 669-9658 (domestic) or (412) 317-0088 (international) and using the access code 7915284.
A replay of the webcast will also be available below.