Werner Enterprises (WERN) announced that it has acquired an 80% equity ownership stake in ECM Transport Group for $142.4 million. Shares of Werner Enterprises, the largest transportation and logistics company in the U.S., have jumped 15% over the past six months. (See WERN stock chart on TipRanks) ECM Transport Group is a diversified transportation solutions provider with a fleet of 500 trucks and 2,000 trailers spread  across a network of 8 terminals and 18 drop yards throughout the Mid-Atlantic, Ohio, and Northeast regions. It reported revenues of $108 million and an operating margin of 19.8% in 2020.
https://www.tipranks.com/news/werner-enterprises-buys-ecm-transport-group-for-142-4m
Werner Enterprises (NASDAQ:WERN)
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