GlobeNewswire Inc | Jan 27, 2021 04:05PM EST

January 27, 2021

OMAHA, Neb., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (NASDAQ: WERN) (Werner), one of the nations largest transportation and logistics companies, announced the sale of its Werner Global Logistics (WGL) freight forwarding services for international ocean and air shipments to Scan Global Logistics Group (SGL). Werner Logistics will continue to provide North American truck brokerage, freight management, intermodal and final mile services. Werner also entered into an agreement with SGL to offer comprehensive international logistics solutions to its existing and future North American customers. WGL provides services to customers with international freight forwarding operations primarily in the United States, China and Mexico.

Through the agreement with SGL, WGL customers will benefit from SGLs expansive network of over 115 locations across the globe, their modern transportation management technology, global multi-channel service offerings and SGLs ability to provide local and international solutions in new trade lanes across the Asian Pacific, European, Middle-Eastern and Latin American markets. The strategic selection of SGL was based on their close alignment with Werners customer-centric business practices, associate-focused business approach and global logistics expertise. SGL has logistics and freight forwarding operations in over 30 countries and has over 40 offices in North America.

After working with the SGL team and understanding their core values and capabilities, I am excited for WGLs international customers, associates and transportation partners worldwide, said Werners Vice Chairman, President and Chief Executive Officer Derek Leathers. We are proud of the global operation WGL has built and are confident it will continue to succeed as part of the SGL family. Going forward, we remain committed to our North American logistics capabilities in truck brokerage, freight management, intermodal and final mile services. Werner will continue to focus its resources, talent and technology by providing superior truckload and logistics services in North America.

Innovative solutions in logistics has been our focus for over three decades, said SGLs North American Chief Operating Officer - International Julien Ranzato. Werners established culture, leadership, network and core values are a great fit for us, and we look forward to continuing and expanding our relationship with Werner on international and domestic business opportunities that will result from this strategic partnership.

WGLs freight forwarding services for international ocean and air shipments generated $53 million of revenues in fiscal year 2020. The WGL saleis expected toresult in a gain of one cent per diluted share and close on February 26, 2021. Terms of the agreement were not disclosed. BG Strategic Advisors acted as exclusive financial advisor to Werner.

Werner was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America. Werner maintains its corporate headquarters in Omaha, Nebraska and maintains offices in the United States, Canada and Mexico. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. The Werner Logistics portfolio includes North American truck brokerage, freight management, intermodal and final mile services.

SGL has been in the international freight forwarding business since 1975 and is headquartered in Denmark, with North Americanheadquarters in Seattle, WA, USA. SGLs business activities focus on international freight-forwarding services worldwide primarily by air and sea, with supporting IT, logistics, warehousing and road services. The SGL Group maintains offices in 30 countries on 6 continents. SGLs main focus is to create solutions to complex logistics challenges. For more information please visitwww.scangl.com.

Werners common stock trades on the NASDAQ Global Select MarketSMunder the symbol WERN. For further information about Werner, visit the companys website atwww.werner.com.

Contact: John J. SteeleExecutive Vice President, Treasurer and Chief Financial Officer(402) 894-3036