Werewolves are surprisingly slow considering that they run on 4 legs and humans run on 2 legs. They get a unique 30% speed boost, but even with celerity and major expedition, werewolves are still slower running than many human players. They are also subject to the same movement speed cap as any other player. I see players who's walking speed is faster than werewolf run speed. Werewolves have no snare and no snare removal tool either, so trying to catch another player who is faster and has those tools is quite difficult.
Werewolves should be fast. They shouldn't be as fast as a mount, but certainly faster than anything on 2 legs.