Werner Enterprises (NASDAQ: WERN), a transportation and logistics provider, is pleased to announce its collaboration with the Blockchain in Transport Alliance (BiTA), an alliance formed to ensure standardization of blockchain technology in logistics and throughout the supply chain.
“We’re excited to work with BiTA to drive adoption of new technologies like blockchain that will improve security and service across the transportation and logistics industry,” said Senior Vice President and Chief Information Officer Nathan Johnson.
Upon recognizing the potential for blockchain to transform and improve the processes currently used throughout the industry to contract, arrange and track freight movements, Werner Enterprises joined over 1,000 companies that have applied for membership with BiTA. The alliance’s first blockchain standards in freight will be developed and published in 2018, addressing smart contracts, freight payment, asset maintenance, transparency, chain of freight custody and more.
BiTA was formed to create a forum for the development of blockchain standards and education for the freight industry, with a goal to bring together leading companies in the freight and technology industries that have a stake in the development of blockchain technology. A blockchain is a decentralized, digital, public ledger of transactions. Originally developed as the accounting method for virtual currency Bitcoin, a blockchain underlies a distributed ledger that has a wide variety of commercial applications.
Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico, China and Australia. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage.
Werner Enterprises, Inc.’s common stock trades on the NASDAQ Global Select Market under the symbol “WERN.” For further information about Werner, visit the company’s website at www.werner.com.
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