SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 12, 1998
WERNER ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
NEBRASKA 0-14690 47-0648386
(State or other jurisdiction of (Commission File (IRS Employer
incorporation or organization) Number) Identification No.)
14507 FRONTIER ROAD
POST OFFICE BOX 45308
OMAHA, NEBRASKA 68145 (402)895-6640
(Address of principal (Zip Code) (Registrant's telephone number)
executive offices)
<PAGE>
ITEM 5. OTHER EVENTS.
On February 12, 1998, the registrant issued a news release announcing its
transportation agreement with Dollar General Corporation. A copy of the news
release is filed as an exhibit to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit 99.1 News release issued by the registrant on February 12, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WERNER ENTERPRISES, INC.
Date: February 17, 1998 By: /s/ John J. Steele
John J. Steele
Vice President, Treasurer and
Chief Financial Officer
Date: February 17, 1998 By: /s/ James L. Johnson
James L. Johnson
Corporate Secretary and Controller
Exhibit 99.1
WERNER ENTERPRISES, INC.
14507 Frontier Road
P. O. Box 45308
Omaha, Nebraska 68145
FOR IMMEDIATE RELEASE
WERNER ENTERPRISES ANNOUNCES TRANSPORTATION AGREEMENT
WITH DOLLAR GENERAL
Omaha, Nebraska - February 12, 1998: Werner Enterprises
(NASDAQ:WERN), one of the nation's five largest truckload
transportation companies, announced today that it has entered into
a transportation agreement with Dollar General Corporation
(NYSE:DG), a retail chain with over 3,100 neighborhood stores to
provide Dollar General with dedicated trucking, logistics, and
trailer maintenance services.
Since 1996, Werner has provided Dollar General with dedicated
trucking services. In September 1997, Werner became the primary
dedicated trucking provider for Dollar General's Ardmore, Oklahoma
distribution center, and the provider of logistics and trailer
maintenance services for all four of Dollar General's distribution
centers in Ardmore, Oklahoma; South Boston, Virginia; Homerville,
Georgia; and Scottsville, Kentucky.
On or about May 1, 1998, Werner will assume responsibility for
dedicated trucking services for Dollar General's Homerville,
Georgia and Scottsville, Kentucky distribution centers. This will
increase the Werner dedicated fleet for Dollar General from
approximately 150 trucks to approximately 400 trucks.
"We are extremely pleased to expand our business relationship with
Dollar General, one of the finest, fastest-growing retailers in
the United States," said Clarence Werner, Chairman and Chief
Executive Officer of Werner Enterprises. "Dollar General is the
type of company that Werner Enterprises wants to grow with.
Dollar General has an excellent management team, similar family
ownership history to our Company, and an outstanding record of
profitable growth."
"Dollar General is a `Customer Distributor of Consumable Basics'
serving customers in 24 states, and transportation costs are two-
thirds of our total distribution expense," said Cal Turner, Jr.,
Chairman and Chief Executive Officer of Dollar General. "Werner
Enterprises is one of the premier transportation companies in
America today, and we look forward to a dynamic partnership that
will enhance our entire distribution network."
Werner Enterprises is a full service transportation company based in
Omaha, Nebraska, providing truckload and other transportation
services throughout the 48 contiguous states with service to
Canada and Mexico. Werner operated a fleet of 5,350 tractors and
14,700 trailers as of December 1997. For further information
about Werner Enterprises, please visit it on the Internet at
www.werner.com.
Dollar General Corporation maintains over 3,000 retail stores
providing an assortment of consumable basic merchandise at
everyday low prices to customers in small towns in the midwestern
and southeastern United States. For further information about
Dollar General, please visit it on the Internet at
www.dollargeneral.com.
This press release contains certain forward-looking statements that
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements. Without limitation, these risks and
uncertainties include economic recessions or downturns in
customers' business cycles, rapid inflation, price and
availability of diesel fuel, increased rate competition, severity
of accident claims, weather conditions and the availability and
compensation of qualified drivers. Readers are urged to carefully
review and consider the various disclosures made by Werner
Enterprises, Inc. in its Annual Report on Form 10-K.
Contact: Robert E. Synowicki, Jr.
Executive Vice President and Chief Operating Officer
(402) 894-3000
