Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [Mark one] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska ...

Financial Data and Key Metrics Changes - In Q4 2020, revenues were flat at $620 million, adjusted EPS grew 33% to $0.89 per share, and adjusted operating income increased 30% to $82.7 million [12][19] - For the full year 2020, revenues decreased 4% to $2.4 billion, adjusted EPS increased 8% to $2.59 per share, and adjusted operating income grew 7% to $241.9 million [12][20] - The adjusted TTS operating margin net of fuel for 2020 was 14%, exceeding the long-term goal range of 10% to 16% [13] Business Line Data and Key Metrics Changes - TTS revenues decreased 2% in Q4 due to lower fuel surcharges, but adjusted operating income increased 32% with a 420 basis point expansion of operating margin [21] - Dedicated freight revenues grew by 9% to $258 million in Q4, while One-Way Truckload revenues decreased 7% to $176 million [22][23] - Logistics revenues increased 8% to $130 million in Q4, with truckload logistics revenues up 2% despite a 12% volume decline [24] Market Data and Key Metrics Changes - Over 70% of revenues are generated from retail or food and beverage sectors, with nearly half of revenues coming from the top 10 customers [10] - Revenues from top 10 customers increased to 49% in 2020, up from a 3-year average of 43% [11] Company Strategy and Development Direction - The company is focused on enhancing its 5 T's + S strategy, emphasizing sustainability and operational execution [7][38] - The company plans to modestly grow its truck fleet in 2021, primarily in Dedicated, while maintaining a strong financial position [42][32] - The sale of the Global Logistics freight forwarding business is expected to close soon, allowing the company to focus on enhancing North American logistics capabilities [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong freight demand for 2021, driven by customer sales growth and low inventory levels [4][5] - The company anticipates challenges in driver availability and capacity growth due to ongoing industry constraints [5][49] - Management expects continued strong contract pricing opportunities in the upcoming bid season [50] Other Important Information - The company achieved its lowest accident rate in 28 years and the lowest work injury rate in 15 years in 2020 [18] - The company repurchased 1.2 million shares for $48 million in Q4, with a total of $171 million in share repurchases over the last three years [31] Q&A Session Summary Question: Insights on One-Way guidance for the first half - Management indicated that January and February have been seasonally stronger than normal, with expectations for project opportunities in Q2 [56][57] Question: Margins and expectations for 2021 - Management is optimistic about exceeding guidance, with potential for margins to improve based on market dynamics and capacity constraints [62][63] Question: Performance of Logistics segment - Management acknowledged that Logistics did not perform as expected but noted foundational progress and plans for improvement in 2021 [86][87] Question: Final mile capabilities - Management highlighted the growth in final mile operations and the focus on building a national presence while maintaining strong margins [90][91]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Nebraska 47-0648386 (State or other jurisdiction of inc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of incorporation or organization) FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly peri ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of incorpo ...

[Mark one] ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebrask ...

FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) NEBRASKA 47-0648386 (State or other jurisdiction of incorpo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [Mark one] ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State ...