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Rail News: Logistics

Schneider National subsidiary to add transloading arm

Trucking and intermodal service provider Schneider National Inc. is entering the transloading and port drayage business. Subsidiary Schneider Logistics Inc. recently signed an agreement to acquire American Port Services, which provides port transloading, deconsolidation, warehousing and distribution services. The transaction is expected to close in 60 days.

American Port Services — which maintains operations at ports in Houston; Seattle; Savannah, Ga.; Norfolk, Va.; Charleston, S.C.; and Long Beach, Calif. — will retain its name and operate as a wholly owned subsidiary of Schneider Logistics.

“Linking the inland truckload/deconsolidation, intermodal and third-party capacity of Schneider National with American Port Services’ transloading and port dray operation will create a unique ‘port-to-door’ import logistics service,” said Schneider National President and Chief Executive Officer Chris Lofgren in a prepared statement.

American Port Services President George Powers will continue to lead the company until the acquisition is finalized.

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More News from 6/21/2005