GREEN BAY, WI and SAVANNAH, GA — International logistics provider Schneider Logistics, Inc., part of the Schneider National enterprise, has signed a definitive agreement to acquire American Port Services, a leading U.S. provider of port transloading/deconsolidation, warehousing and distribution services. Terms of the agreement were not disclosed.
Upon completion of the sale, Schneider will have a significant presence in major U.S. ports and will be the first national full truckload provider to offer transloading services.
“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, president and CEO of Schneider National.
American Port Services President George Powers will continue to lead the Savannah, Ga.-based organization once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 60 days.
According to Tom Escott, president of Schneider Logistics, the company will retain the American Port Services name and will conduct business as a wholly-owned subsidiary of Schneider Logistics.
American Port Services has operations in six locations: Savannah, Norfolk, Charleston, Houston, Seattle and Long Beach. The company currently employs 800 people and provides services to some of the premier companies in the world.
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