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ECM TRANSPORT DRIVERS
ECM TRANSPORT DRIVER

Werner shares our passion for delivering value and continually creating personal and professional opportunities for our accomplished team of professional drivers and non-driver associates,” said Ed Meier, President of ECM. We are standing by our existing customers and will continue to provide them with excellent service. “We are excited to join the Werner team and look forward to continued growth as we leverage our collective strengths to serve our existing and new customers at even higher levels. We look forward to welcoming the ECM team and working together to create additional value for our customers and shareholders.” Leathers continued, “Both companies believe deeply that our professional drivers are the backbone of our organizations.

ECM will operate as a standalone business unit within Werner and their financial results will be reported in Werner’s One-Way Truckload unit within Truckload Transportation Services.

ECM TRANSPORT DRIVER

Existing ECM leadership (including founder and President Ed Meier), drivers and non-driver associates will remain in place and we are retaining the ECM brand to ensure smooth integration and high driver retention.

Shared values of picking winning customers with high expectations, establishing long-term mutual service and revenue objectives, and delivering best-in-class performance to stabilize volume and minimize churn.

Continuous investment in technology and IT infrastructure to enhance on-time delivery performance.

Highest standards of driver training and safe operations.

Synergies expected through combined management of fleetĬombines similar cultures focused on safety and customer service excellence.

Fleet of nearly 500 trucks and 2,000 trailers.

Addition of over 500 highly-skilled, tenured drivers in a constrained labor market.

Increased exposure to the 200 to 300 mile length of haul segment, in support of expected continued demand growthĪdds high-quality talent and increases Werner’s fleet size by over 6%.

Complementary to Werner’s existing terminal footprint.

We expect this transaction to be accretive in year one and anticipate cost synergies through integrated management of our combined fleet.”Įxpands footprint in the strategic Mid-Atlantic, Ohio and Northeast regions “This transaction delivers on our ‘5 Ts + S’ strategy and will position us for further growth as we capitalize on positive market dynamics for the remainder of 2021 and beyond. “The addition of ECM’s skilled drivers, non-driver associates and terminal network strengthens our portfolio by adding short-haul expertise in a segment in which consumer demand and supply chain needs are growing,” said Derek Leathers, Chairman, President and Chief Executive Officer. With 2020 revenues of $108 million, ECM consists of ECM Transport and Motor Carrier Services of Pennsylvania who are elite regional truckload carriers that operate nearly 500 trucks and 2,000 trailers in their network of 8 terminals and 18 drop yard facilities. (Nasdaq: WERN), one of the nation’s largest transportation and logistics companies, today announced it has signed a definitive agreement and closed on the acquisition of an 80% equity ownership stake in ECM Transport Group (“ECM”) for a purchase price of $142.4 million and retains an exclusive option to buy the remaining 20% of ECM Transport Group after a period of five years. OMAHA, Neb., J(GLOBE NEWSWIRE) - Werner Enterprises, Inc. ECM achieved 2020 revenues of $108 million, with an operating margin of 19.8% expected to be accretive to adjusted EPS in year one.

Combines similar customer-centric cultures, both Werner and ECM are focused on the highest standards of safety and on-time service.Boosts fleet by more than 6% increases coverage for regional short-haul freight in these geographic markets.Expands terminal, fleet and driver footprint in the strategic Mid-Atlantic, Ohio and Northeast regions.