Schneider Logistics, a division of Schneider National, announced Friday, June 17 that it has signed a definitive agreement to acquire American Port Services, a U.S. provider of port transloading/deconsolidation, warehousing and distribution services.
Both companies are private, and details of the deal were not disclosed. Schneider says the purchase will make it the first national full truckload provider to offer transloading services and will provide it with a significant presence in major U.S. ports.
“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 Chris Lofgren, Schneider National’s president and chief executive officer.
American Port Services, which employs 800, has operations in six locations: Savannah, Ga.; Norfolk, Va.; Charleston, S.C.; Long Beach, Calif.; Houston and Seattle. Company President George Powers will continue to lead the Savannah-based organization.
“We are extremely pleased to join the Schneider National portfolio of companies,” Powers said. “Together, our companies will be positioned to better serve customers’ global supply chain needs and provide broader career opportunities for our employees due to the synergy realized through this acquisition.”
American Port Services will retain its name and conduct business as a wholly-owned subsidiary of Schneider Logistics, said Tom Escott, president of Schneider Logistics.
“This acquisition allows us to deliver on our promise of being one of the most integrated and comprehensive supply chain resources in the industry,” Escott said. “Customers are looking for an effective, seamless combination of transloading and inland transportation services, and this certainly positions us as a leader in that field.”