Werner Enterprises Announces Collaboration With Hyliion Holdings Corp.

Rhea-AI Summary

Werner Enterprises (NASDAQ: WERN) announces its participation in the Hyliion Hypertruck Innovation Council to foster collaboration and innovation in the transportation industry. Chad Dittberner, Senior VP of Van/Expedited, will represent Werner in this initiative aimed at developing sustainable solutions for Class 8 commercial trucks, focusing on electrification and reducing emissions. Werner will be among the first to use Hyliion's Hypertruck ERX, which utilizes an electric powertrain powered by renewable natural gas. The company emphasizes sustainability as part of its operational strategy.

Positive

• Participation in Hyliion Hypertruck Innovation Council enhances Werner's commitment to sustainability.
• Collaboration with Hyliion focuses on innovation for Class 8 commercial trucks.
• Werner will be among the first to utilize the Hypertruck ERX, potentially leading to lower emissions and fuel costs.

Negative

• None.

OMAHA, Neb., April 09, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is proud to announce its participation in the newly formed Hyliion Hypertruck Innovation Council with Hyliion Holdings Corp. to encourage industry collaboration and advance product innovation. Werner’s Senior Vice President of Van/Expedited Chad Dittberner will be a member of Hyliion’s Hypertruck Innovation Council.

Founded in 2015, Hyliion’s goal is to provide electrified powertrain solutions for Class 8 commercial trucks. As a leader in the transportation industry, Werner will work with Hyliion to create more opportunities for sustainable growth in the industry, including collaborating on Hyliion’s existing and future commercial electrification solutions. Dittberner, a member of the Innovation Council, will drive development and work with other industry leaders to help create sustainable solutions for trucks, ultimately to achieve a net-zero carbon emissions commercial transportation industry.

Werner will be one of the first transportation companies to drive Hyliion’s Hypertruck ERX with an electric powertrain fueled by renewable natural gas for use in Class 8 commercial trucks. Its purpose is to provide top performance while lowering emissions and fuel costs.

“As a member of this council, I’m excited to work with other industry leaders to do our part to encourage and drive sustainable practices for trucking,” said Senior Vice President of Van/Expedited Chad Dittberner.

“At Werner, we are always working to reduce our emissions and fuel consumption as part of our 5Ts + S strategy, with a focus on creating sustainable solutions,” said Vice Chairman, President and Chief Executive Officer Derek Leathers. “We are excited to work with Hyliion to help shape the future of trucking and ensure a more sustainable future for everyone.”

Werner Enterprises, Inc. (NASDAQ: WERN) delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2020 revenues of $2.4 billion, an industry-leading modern truck and trailer fleet, nearly 13,000 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.

Contact: Fred Thayer, Associate Vice President - Corporate Brand and Communications
Werner Enterprises, Inc.
402.895.6640 ext. 1002065
fthayer@werner.com 

FAQ

What is Werner Enterprises' recent participation in the Hyliion Hypertruck Innovation Council?

Werner Enterprises recently joined the Hyliion Hypertruck Innovation Council to promote collaboration and innovations in sustainable trucking solutions.

How does Werner Enterprises plan to reduce emissions and fuel costs?

Werner plans to reduce emissions and fuel costs by using Hyliion's Hypertruck ERX, which features an electric powertrain powered by renewable natural gas.

Who is representing Werner Enterprises in the Hyliion Innovation Council?

Chad Dittberner, Senior Vice President of Van/Expedited, is representing Werner Enterprises in the Hyliion Hypertruck Innovation Council.

What are the financial implications of Werner's participation in the Hyliion Council?

While the press release does not provide specific financial metrics, participation may lead to sustainable growth opportunities which could positively impact long-term financial performance.

When was the announcement of Werner's participation in the Hyliion Council made?

The announcement was made on April 9, 2021.