Trucking news and briefs for Tuesday, Oct. 4, 2022:
Werner Enterprises has acquired Milan, Indiana-based truckload carrier Baylor Trucking. Financial terms were not disclosed.
Baylor, a four-time Walmart carrier of the year and in 2021 Diversity carrier of the year for the second time, operates from two terminals in the east-central and south-central U.S. Baylor celebrated its 75th anniversary in 2020.
Werner will take on 200 trucks (170 company and 30 owner-operated) and 980 trailers in the deal, along with 234 operators, boosting the Werner fleet size by almost 2.5%.
"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," Werner President and Chief Executive Officer Derek Leathers said of current Baylor Trucking President who, along with her staff, will remain in their respective roles post-acquisition, "and we are retaining the Baylor brand to ensure smooth integration and high driver retention."
Baylor will operate as a standalone business unit within Werner, and its financial results will report within Werner’s One-Way Truckload unit within its Truckload Transportation Services. There are synergies between Baylor and Werner’s One-Way Truckload unit, as more than half (51%) of Baylor's freight is one-way dry van (51%); 42% is expedited dry van; and 7% refrigerated.
Said Cari Baylor, "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. Werner shares our passion for delivering value and continually creating personal and professional opportunities for our elite Baylor team."
