Acquisition of ReedTMS Logistics slide image

Acquisition of ReedTMS Logistics

INCREASING DURABILITY AND RESILIENCE AS WE GROW ● ● ● ● ● ● ● ● ● ● Announced new metrics-based management performance pay program Reinvested in vertically integrated, owned driver training school network focusing on driver quality Expanded Dedicated fleet to create more durable and resilient revenue and income streams Achieved lower fleet age; 2019 CapEx normalized and targeted net CapEx at 11% - 13% of annual revenues Furthered our journey toward a more balanced revenue portfolio Maintained modestly higher debt; serving to reduce overall cost of capital Sold Werner Global Logistics Acquired ECM and NEHDS Published inaugural CSR report Raised long-term TTS operating margin % goals WERNER WE KEEP AMERICA MOVING 2017 2019 2021 2016 2018 2020 2022 ● . ● ● ● ● ● Derek Leathers named President and CEO Launched 5Ts Strategy Increased CapEx to: Further lower fleet age, enhance truck features, improve service and our driver experience Strengthen our terminal network Began implementing balanced revenue portfolio Established quarterly earnings calls in 4Q18, including guidance metrics Continued to intentionally focus on alignment with customers who are winning in their vertical and who view their supply chain as a competitive advantage Announced Werner EDGE, commitment to technology & innovation and Cloud First, Cloud Now strategy Introduced sustainability as a new core strategy component of 5Ts + S Began diversifying and strengthening our board of directors Established new long-term TTS operating margin % goals Partnered with Mastery Logistics Expanded driver training school network locations from 13 (as of 12/20) to 22 (as of 3/22) Published CSR Update Acquired Baylor Trucking and ReedTMS Logistics Launched Werner DRIVE 953 ECHNOLDST DURABLE YOUCKS WERNER DRIVE VALUES TERMINALS RESULTS INNOVATION 3
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