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Schneider National acquires port logistics company
By Sean Kelley
In a bid to expand the reach of its domestic transportation capabilities, Schneider National has acquired a port services company with 800 employees and facilities at six major U.S. ports.
The largest U.S. truckload carrier announced June 17 that it had bought American Port Services, a Savannah, Ga.-based transloading/deconsolidation, warehousing and distribution company. Both companies are private and details of the deal were not disclosed.
“Our customer supply chains are becoming more global in nature,” said Chris Lofgren, president and chief executive officer of Schneider.
He said the acquisition will retain its name and operate as a wholly-owned subsidiary of Schneider. The two companies share customers.
The purchase also represents Schneider National’s interest in growing its business beyond the U.S. border. “This is a great first step for us,” Loghren said. “We’re active in discussions in the U.S. and outside. We’re trying to understand how we can be better positioned to meet the needs of our customers.”
The partnership will link Schneider’s inland truckload and deconsolidation, intermodal and third-party capabilities with American Port Services' transloading and port dray operation to create a unique 'port-to-door' import logistics service, Lofgren said.
American Port Services President George Powers will continue to lead APS once the acquisition is finalized. Closing of the purchase agreement is expected within 60 days.
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