Schneider Logistics, a part of the Schneider National enterprise, announced Monday, Sept. 10, the purchase of the key operating assets of BaoYun Logistics in the People’s Republic of China. Schneider says the investment — terms of which were not announced — allows it to further expand its current supply chain consulting and transportation and logistics service offerings.
BaoYun Logistics, based in Tianjin, was founded in 1998 by ZhiHua Yu. Schneider says the company is ranked in the top 100 of all logistics enterprises in China, and is one of the country’s top 30 private logistics enterprises. The combined offering now includes transportation, warehousing, cross-docking, third-party logistics and consulting services focused on the domestic Chinese market.
“We are honored to work with Mr. ZhiHua Yu and BaoYun Logistics to provide transportation and logistics services to customers in China,” says Chris Lofgren, chief executive officer and president of Green Bay, Wis.-based Schneider National. “We welcome the BaoYun associates into our corporate family and look forward to helping grow their significant transportation and logistics expertise to meet the needs of customers within China’s borders.”
“I am happy that our companies will be working together and creating a Chinese company that leverages proven international systems and practices,” says ZhiHua Yu. “Schneider’s advanced operating model, innovative technology and leading supply chain practices will help our associates provide more effective results for our customers. Our entire management team looks forward to developing Schneider Logistics in China for many years to come.”
Martin Winchell, managing director of Schneider Logistics of China, says that purchasing the operating assets of BaoYun Logistics was an important step in helping the company better serve customers in China. “We’re taking very deliberate, strategic steps in China,” Winchell says. “Schneider Logistics (Tianjin) was founded with our intent to operate a number of trucks and provide transportation management for our clients. This transaction will increase our service scope to meet our customer requirements for broader logistics solutions. We see tremendous opportunity in providing services to the domestic market as the economy grows and look forward to delivering the products Chinese consumers need.”
