Werner acquires Baylor Trucking
Expands terminal, fleet and professional driver footprint in the east central and south central U.S. truckload markets
Combines similar customer-centric cultures, with both Werner and Baylor Trucking focused on the highest standards of safety and on-time service
Baylor achieved revenues of $81.5 million for the twelve months ended August 31, 2022
With the acquisition, announced Oct. 3, Werner gains access to Baylor Trucking’s 234 drivers and its fleet of 200 trucks (170 company and 30 independent contractor) and 980 trailers.
Omaha, Neb.-based Werner said it intends to retain the Baylor brand, with Baylor operating as a stand-alone business unit within Werner. Baylor’s financial results will be reported in Werner’s One-Way Truckload unit within Truckload Transportation Services. Existing Baylor leadership, including its president, Cari Baylor, along with the company’s drivers and other employees, will remain in place, according to a Werner release.
“Baylor, with its highly-skilled professional drivers and non-driver associates, further strengthens our portfolio with its exceptional service and stellar reputation,” said Derek Leathers, Werner’s chairman, president and chief executive. “I have known Cari Baylor for many years, and I have tremendous respect for what Cari, her family, and her leadership team have created at Baylor.
As of December 2021, Werner employed 9,988 drivers, 595 mechanics and maintenance associates, 1,459 office associates, and 1,483 other employees for Werner Logistics, driving schools and other non-trucking operations. At the end of 2021, Werner’s truckload segment had a fleet of 8,340 trucks, of which 8,050 were company-operated and 290 were owned and operated by independent contractors. The Werner Logistics division operated an additional 55 intermodal drayage trucks at the end of 2021.
Baylor’s freight revenues are made up of one-way dry van (51%), expedited dry van (42%), and refrigerated (7%) revenues. Baylor Trucking has been recognized as a Carrier of the Year by Walmart four times, with 2021 being the second consecutive time the company has been awarded as a Diversity Carrier of the Year.
The Baylor Trucking acquisition is the latest in Werner’s growth trajectory. Werner acquired ECM Associated in July and NEHDS Logistics in November of last year.
ECM provides regional truckload carrier services in the Mid-Atlantic, Ohio and Northeast regions of the U.S. and operates nearly 500 trucks and 2,000 trailers in its network of eight operational facilities and 18 drop yards. NEHDS is a final-mile residential delivery provider with access to a network of 400 final-mile delivery trucks serving customers primarily in the Northeast and Midwest U.S. markets. Werner rebranded NEHDS with its existing final-mile business as Werner Final Mile.
“I have admired and respected Werner for a long time as an industry leader,” Cari Baylor said in a release. “We are extremely excited to join the Werner team and look forward to continued growth as we leverage the strengths of Baylor and Werner to serve our existing and new customers at even higher levels. We will stand by our customers and continue to provide them with the superior service they expect from Baylor. Aligning with Werner only expands our service capabilities.”
About Werner Enterprises
Werner Enterprises, Inc. (Nasdaq: WERN) delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2021 revenues of $2.7 billion, an industry-leading modern truck and trailer fleet, over 14,000 talented associates and our innovative Werner EDGE technology, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe and exceptional on-time service. Werner provides Dedicated and One-Way Truckload services as well as Logistics services that include truckload brokerage, freight management, intermodal and final mile. As an industry leader, Werner is deeply committed to promoting sustainability and supporting diversity, equity and inclusion.
About Baylor Trucking
FAB9, Inc., doing business as Baylor Trucking, Inc., is located in Milan, Indiana. Baylor was founded in 1946 by Chester Baylor, the grandfather of Baylor President, Cari Baylor, who grew up in the trucking business and has led Baylor for the last 7 years. Baylor was named carrier of the year by Walmart four times, and in 2021 Baylor was named Diversity carrier of the year for the second time.