Werner Enterprises, Inc. has announced a significant development in a legal case that has been ongoing for several years. The Texas Supreme Court has made a ruling in favor of Werner, reversing and dismissing a $90 million judgment related to a 2014 truck accident. The case involved a vehicle crossing a median and colliding with a Werner tractor-trailer, leading to allegations of fault against Werner and its driver.
The Texas Supreme Court's ruling has been described as a "long-awaited win" for Werner. After more than seven years of appeals, the court concluded that Werner and its driver were not responsible for the accident, attributing it to "a mere happenstance of place and time." Werner's President and Chief Legal Officer, Nathan Meisgeier, expressed gratitude for the court's decision, emphasizing that the company and its driver did nothing wrong.
In financial terms, Werner Enterprises reported revenues of $3.0 billion in 2024. The company also highlighted its modern truck and trailer fleet, along with its workforce of nearly 13,000 associates and innovative Werner EDGE® technology.
Werner Enterprises, Inc. delivers truckload transportation and logistics services across the United States, Mexico, and Canada. Its service offerings include Dedicated and One-Way Truckload services, as well as Logistics services such as truckload brokerage, freight management, intermodal, and final mile solutions.
The press release did not provide specific financial metrics or performance changes since the last period. As a result of these announcements, the company's shares have moved 0.66% on the market, and are now trading at a price of $27.60. Check out the company's full 8-K submission here.
