dry van trailer fleet consisted of 53-foot composite (DuraPlate) trailers. The company also provides other trailer lengths, such as 48-foot and 57-foot trailers, to meet the specialized needs of certain customers. The company’s wholly-owned subsidiary, Fleet Truck Sales, sells its used trucks and trailers. Fleet Truck Sales operates in six locations. The company might also trade used trucks to original equipment manufacturers when purchasing new trucks. Seasonality After the December holiday season and during the remaining winter months, the company’s freight volumes are typically lower because some customers reduce shipment levels. The company’s operating expenses have historically been higher in the winter months due primarily to decreased fuel efficiency, increased cold weather-related maintenance costs of revenue equipment and increased insurance and claims costs attributed to adverse winter weather conditions. Regulations The company is a motor carrier regulated by DOT in the United States and similar governmental transportation agencies in foreign countries in which it operates. WGL, through its domestic and global subsidiary companies, holds various licenses required to carry out its international services. These licenses permit the company to provide services as a non-vessel operating common carrier, customs broker, freight forwarder, indirect air carrier, accredited cargo agent and others. These international services subject the company to regulation by the Transportation Security Administration, and Customs and Borders Protection agencies of the U.S. Department of Homeland Security, the U.S. Federal Maritime Commission, the International Air Transport Association, and similar regulatory agencies in foreign jurisdictions. The company’s operations are subject to various federal, state and local environmental laws and regulations, majority of which are implemented by the U.S. Environmental Protection Agency and similar state regulatory agencies. History Werner Enterprises, Inc. was founded in 1956 by Clarence L. Werner. The company was incorporated in the state of Nebraska in 1982.
werner enterprises inc (WERN:NASDAQ GS)
14507 Frontier Road
Post Office Box 45308
Omaha, NE 68145
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