Transportation & Logistics ConferenceFebruary 14, 2017

This presentation includes forward-looking statements, withinthe meaning of the Private Securities Litigation Reform Act of1995. These statements are based on Werner Enterprises’current plans, and are not guarantees of future performance.They are subject to risk and uncertainties, that could causeactual results, and company plans and objectives, to differmaterially from those expressed in the forward-lookingstatements. Such risks and uncertainties are discussed in theCompany’s Annual Report, on Form 10-K, filed with the SEC.

Disclosure Statement

2

Premium Truckload Transportation and Logistics Services Provider

2016 Revenues: $2.0 B

2016 Net Income: $79 M

Trucks*: 7,258Trailers*: 24,298

NASDAQ: WERN

Market Cap: $2.0 B

Avg Daily Trading Volume (3 mo. 12/16): 884 K

3

*4Q16 avg. (trucking/logistics)

Intensely Focused on the T’s

4

Revenue Sources

44% 44%48%

27% 28% 29%

15% 13% 11%14% 15% 12%

0%10%20%30%40%50%60%

2014 2015 2016

Retail/CPGrocery ProductsManuf./IndustrialLogistics/Other

(A)

% o

f Rev

enue

s*%

of R

even

ues

Vertical:

Customers:

25% 27% 27%41%

45% 43%

60% 63% 61%74% 76% 74%

0%

20%

40%

60%

80%

100%

2014 2015 2016

Top 5Top 10Top 25Top 50

* Top 50 customers

5

(A) Growth from 2015 to 2016 due to additional Dedicated retail and e-commerce

Domestic Freight Market: Market Share & Growth Opportunities

Truckload321.737%

LTL36.84%

Private Truck305.635%

Rail Carload57.67%

Rail Intermodal15.22%

Water11.31%

Pipeline44.55%

Air Express28.73%

Ground Parcel51.16%

U.S. Freight Transportation Market______________________________

($873 Billion)

* Sources: ATA and Stifel Nicolaus estimates

Werner 2016 Revenues______________________________

($2.0 Billion)

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Freight Market Update

7

Freight Management Freight Movement Technological AdvantagesGlobal Implementation

This is where it all begins.Werner provides

complete 3PL supply chain solutions across all

shipping modes and geographies, from

network design through implementation.

TransportationSolutions.

With an asset-backed network of nearly 7,300 One-

Way Truckload, Dedicated, Cross-Border and Logistics

trucks, over 13,000 alliance carriers and ocean, air and

rail companies, Werner provides unsurpassed

delivery solutions worldwide.

Online and real-time, all

the time.Sophisticated technology

tools provide our customers instant

visibility across their supply chain, which

enables them to better manage their business.

We speakthe language.

Providing door-to-door services for companies of all sizes and industries as they compete in today’s global marketplace, sets

us apart from our competition.

Comprehensive Solutions – Customer Focused

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Fuel Price Trends

$1.20$1.40$1.60$1.80$2.00$2.20$2.40$2.60$2.80$3.00$3.20$3.40$3.60$3.80$4.00$4.20$4.40$4.60$4.80$5.00

Pric

e Pe

r G

allo

n (in

$)

2014 2015 2016 2017

*Dept. of Energy (DOE) U.S. national average cash fuel price survey (Nat’l avg.) of truck stops used by shippers/carriers for billing fuel surcharges. Fuel price includes fuel taxes.

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Supply - Capacity

Including owner

operators, capacity at public fleets is 9% below peak 3Q06

levels

Note: Source – Key Banc. Includes CGI, CVTI, JBHT, KNX, MRTN, SWFT, USAK, and WERN (excluding acquisitions, if applicable).

Public Truckload Fleet Capacity

30,000

35,000

40,000

45,000

50,000

55,000

60,000

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

10

0

1

2

3

4

5

6

7

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Truc

k A

ge

Truck Age - Werner Truck Age - Industry

Source for Industry Data – ACT Research (Y/E data)

Truck Age – Werner vs. Industry

WERN Trucking Segment Avg. Oper. MarginTruck Age < 2 Years – 1990-2006 9.7%Truck Age > 2 Years – 2007-2015 8.0%

WERN 1.8 avg. truck age – 12/31/16

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Supply – Industry Driver Shortage, Truck Driver Demographics

0%

5%

10%

15%

20%

25%

30%

35%

20-24 Years 25-34 Years 35-44 Years 45-54 Years 55-64 Years 65+ Years

% o

f Tot

al

Werner January 2017 All Industries 2013 Trucking Industry 2013

0%

5%

10%

15%

20%

25%

30%

35%

20-24 Years 25-34 Years 35-44 Years 45-54 Years 55-64 Years 65+ Years

% o

f Tot

al

1994 2003 2013

% of drivers: 45+ yrs1994 – 31%2013 – 56%

AGING TRUCK DRIVER DEMOGRAPHICSDISTRIBUTION OF EMPLOYEES BY AGE GROUP

THE AGING TRUCK DRIVER 1994, 2003 & 2013

WERNER DRIVER DEMOGRAPHICS COMPARED TO ALL INDUSTRIES AND TRUCKING INDUSTRY

Source: ATRI, 2013 BLS Census For Industry Data 12

Werner Driver Recruiting/Retention Advantages

TRUCKS: 1.8 Avg. Age Automatic Manual Transmissions (62% and growing) Collision Mitigation Systems (72% and growing)

TRAILERS: GPS Tracking (70% and growing) New Branding

TALENT: Raised Driver Pay 1Q16 to Increase Experience Top 50 Military Employer (all U.S. Employers) Strengthening Our Driver Schools (Quality vs. Quantity) Strengthening Our IT Capabilities (new CIO-2Q16)

TECHNOLOGY: Integrating Truck/Logistics on One Platform Enhancing Logistics Software

TERMINALS: Upgrading for a Better Driver Experience Investing in Specific Geographic Terminal Locations

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Cash Flow and Cap Ex

$0$25$50$75

$100$125$150$175$200$225$250$275$300$325$350$375$400$425$450$475$500

Mill

ions

of D

olla

rs

Cash Flow from Operations Cap Ex, Net14

$275 M

$225 M

6,5006,7507,0007,2507,5007,7508,0008,2508,5008,750

1.2

1.4

1.6

1.8

2.0

2.2

2.4

2.6

2.8

Aver

age

Truc

ks in

Ser

vice

Aver

age

Truc

k Ag

e (Y

/E o

r Q/E

)

Average Truck Age (Y/E or Q/E) Average Trucks in Service

Werner Trucks – Truck Fleet Getting Newer, Suspended Fleet Growth Plans in 2Q16 Until Meaningfully Better Freight & Rate Market

15

Adapted to the Softer Freight Market in 2016 – Smaller Total Fleet, More Dedicated

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

12/15 03/16 06/16 09/16 12/16

EOP

Truc

ks

One Way TL DedicatedYOY Change

% Trucks

Dedicated 3,675 3,760 3,855 3,930 3,760 2% 85

One Way TL 3,775 3,570 3,400 3,245 3,340 (12%) (435)

Total 7,450 7,330 7,255 7,175 7,100 (5%) (350)

16

17

$3,000$3,100$3,200$3,300$3,400$3,500$3,600$3,700$3,800$3,900$4,000

1Q 2Q 3Q 4Q

RPTP

W

RPTPW* TRENDS

2013 2014 2015 2016

6,8006,9007,0007,1007,2007,3007,4007,500

Q1 Q2 Q3 Q4Avg.

Tru

cks

in S

ervi

ce

TRUCK TRENDS

2013 2014 2015 2016

27,00027,50028,00028,50029,00029,50030,000

Q1 Q2 Q3 Q4

Avg.

Mile

s Pe

r Tru

ck

MILES PER TRUCK TRENDS

2013 2014 2015 2016

$1.50$1.55$1.60$1.65$1.70$1.75$1.80

Q1 Q2 Q3 Q4

Reve

nue

Per T

otal

Mile

(R

PTM

)

RPTM* TRENDS

2013 2014 2015 2016

*Net of fuel surcharge revenuesNote: Shifting trucks to shorter-haul Dedicated from longer-haul Van Network in 2Q16 and 3Q16 had a favorable impact on RPTM

and an unfavorable impact on miles per truck.

Rate and Utilization Metrics, Last 16 Quarters

Trucking Operating Margin Declined in 2Q16; Margin Recovery in Process

-800-750-700-650-600-550-500-450-400-350-300-250-200-150-100

-500

50100150200250300350400450500

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

TL/D

edic

ated

OI %

YOY

Chan

ge in

Bas

is P

oint

s (BP

)

YOY Change in Basis Points (BP) TL/Dedicated OI %3Q15 – excludes two nonrecurring expense items totaling $3.9 million. 18

Profitability Trends

$0

$1

$2

$3

$4

$5

$6

$7

$8

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16

Ope

ratin

g In

com

e (a

s a %

of R

even

ues)

Ope

ratin

g In

com

e (m

illio

ns o

f $)

OI (Millions of $) OI (as a % of Revenues)

19

Total Company Operating Margin and EPS Trends(A)

OP

INC

-% O

F RE

VEN

UES

EPS Trends by Quarter

(A) Total Company (Trucking and Logistics)(B) 3Q15 - excludes 3 cents/share for two nonrecurring expense items.(C) 2Q16 – excludes 3 cents/share for nonrecurring real estate gain.(D) 3Q16 – excludes 5 cents/share for nonrecurring real estate gain.

23456789

101112

1Q 2Q 3Q 4Q2014 2015 2016

$0.24 $0.20

$0.32 $0.28 $0.35 $0.35

$0.44

$0.29

$0.36

$0.47(B)

$0.30

$0.45 $0.51

$0.30

$- $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 $0.40 $0.45 $0.50 $0.55

$0.22(C)

$0.21(D)

2013 2014 2015 2016

20

EPS Trends

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

$2.00

$0.13 $0.17

$0.22 $0.22 $0.25

$0.27 $0.34 $0.41

$0.46 $0.46 $0.51

$0.61

$0.72 $0.76

$0.61 $0.60

$0.76

$0.90

$1.08

$1.22 $1.25

$1.02

$0.94

$0.79

$1.10

$1.40 $1.40

$1.18

$1.36

$1.71

$1.09

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WERN Truckload* Operating Margin

9.0% 8.7%

6.8%

5.0%5.9%

7.9%9.3% 9.0%

7.2%

9.0%

11.5%

7.0%

11.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 STTarget

* Truckload Transportation Services (includes One-Way TL and Dedicated). Above percentages include fuel (fuel surcharge revenues and fuel expense).

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Targeting a 15% ROE & 9% ROA

11.3%8.8% 8.1% 7.5%

11.1%

14.5% 13.6%11.7% 12.4%

14.1%

8.2%

15.0%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 STTarget

6.9%5.4% 5.2% 4.6%

6.6%8.4% 7.7%

6.5% 7.0% 8.0%

4.7%

9.0%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 STTarget

ROE

ROA

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TRUCKS TERMINALSTECHNOLOGYTRAILERS TALENT

Newer trucks with enhanced

safety and training features

Upgrading facilities

Driven byInnovation

Newer trailers with

new branding/GPS tracking

Award-WinningCustomer

Service

THIS IS WERNER

A RENEWED FOCUS ON QUALITY

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