Werner Enterprises announced it has signed a definitive agreement and closed on the acquisition of 100% of the stock of Reed Transport Services and RTS-TMS, doing business as ReedTMS Logistics. ReedTMS will operate as a standalone business unit within Werner. "We are thrilled to welcome the accomplished ReedTMS team to Werner. ReedTMS Logistics further strengthens our freight brokerage capabilities," said Derek Leathers, Chairman, President and Chief Executive Officer. "ReedTMS will elevate our logistics portfolio with new customers, by expanding and diversifying our industry verticals. This transaction continues to build upon our Werner DRIVE strategy and positions us for future profitable growth. We expect this acquisition to be accretive to diluted earnings per share in year one."
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