Acquisition of ReedTMS Logistics

DYNAMIC TRACK RECORD OF SUCCESSFUL ACQUISITIONS STRATEGIC FILTERS Acquired Date Acquisition Price¹ Business Annual Revenues, TTM² Trucks; Trailers Growth, profitability Expands/deepens/enhances geographic footprint Additive to service offerings Similar customer- and safety-centric cultures Opportunity for synergies and cost savings Experienced management team Strategic Overview of Acquisition WERNER WE KEEP AMERICA MOVINGⓇ ELM TRANSPORT, LLC July 1, 2021 $141.3M (80% ownership stake with option to buy remaining 20%) Regional Truckload $108M 500; 2,000 ✓ ✓ Grew terminal, fleet and driver footprint in the strategic Mid-Atlantic, Ohio and Northeast regions with an elite regional carrier NE HDS LOGISTICS November 22, 2021 $62.3M Final Mile Home Delivery $71M 400 Company & Contractor 28-foot trucks Expanded Dedicated Final Mile home delivery capabilities with a growing market leader primarily serving the Northeast and Midwest U.S. and expanding in the Mid-Atlantic and Southeast Baylor TRUCKING October 1, 2022 $95M (including $15M earnout) Truckload $82M 200; 980 Impeccable safety and service record and expertise with expedited and high-value shipments; adds scale to One-Way Truckload segment and adds expertise in pharmaceutical vertical ReedTMS LOGISTICS November 5, 2022 $112.4M (including $7.5M earnout) Brokerage and Truckload $372M 130; 775 ✓ ✓ Expands and diversifies freight brokerage capabilities with a growing logistics leader; emphasis on food and beverage verticals; strong temperature controlled and produce delivery experience ¹ Prices may be subject to adjustments, refer to SEC filings; 2 Trailing twelve-month period prior to acquisition date (Revenues for ECM were 12 months ended 12/31/20, NEHDS were 12 months ended 9/30/21, Baylor were 12 months ended 8/31/22 and ReedTMS were 12 months ended 9/30/22), 5

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