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Werner Enterprises, Inc. (WERN) M&A Call Transcript

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Werner Enterprises, Inc. (WERN) M&A Call January 28, 2026 10:30 AM EST

Company Participants

Chris Neil – Senior Vice President of Pricing & Strategic Initiatives
Derek Leathers – Chairman & CEO

Conference Call Participants

Michael Triano – UBS Investment Bank, Research Division
Jason Seidl – TD Cowen, Research Division
Jordan Alliger – Goldman Sachs Group, Inc., Research Division
Bascome Majors – Susquehanna Financial Group, LLLP, Research Division
Eric Morgan – Barclays Bank PLC, Research Division
Christian Wetherbee – Wells Fargo Securities, LLC, Research Division
Scott Group – Wolfe Research, LLC
Reed Seay – Stephens Inc., Research Division
Ravi Shanker – Morgan Stanley, Research Division
Ken Hoexter – BofA Securities, Research Division

Presentation

Operator

Good day, and welcome to the Werner Enterprises Business Update Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Chris Neil, Werner’s Senior Vice President of Pricing and Strategic Planning. Please go ahead.

Chris Neil
Senior Vice President of Pricing & Strategic Initiatives

Good morning. Earlier today, we issued a press release and posted a slide presentation announcing our acquisition of FirstFleet. These materials are available in the Investors section of our website at werner.com. Today’s webcast is being recorded and will be available for replay beginning later this evening.

Before we begin, please direct your attention to the disclosure statement on Slide 2 of the presentation, as well as the disclaimers in the press release related to forward-looking statements. Today’s remarks could contain forward-looking statements that may involve risks, uncertainties and other factors that could cause actual results to differ materially.

On today’s call with me are Derek Leathers, Chairman and CEO; and Chris Wikoff, Executive Vice President, Treasurer and CFO. We’re excited to announce our acquisition of FirstFleet, one of the leading pure-play Dedicated trucking companies in the U.S. This is an important milestone for Werner as we

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