Schneider Logistics, Inc., an international lead logistics provider and part of the Schneider National enterprise, announced today that it has signed a definitive agreement to acquire American Port Services, a leading U.S. provider of port transloading/deconsolidation, warehousing, and distribution services.
Upon completion, 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 chief executive officer of Schneider National.
American Port Services President George Powers will continue to lead the Savannah, Georgia-based organization once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 60 days.
"We are extremely pleased to join the Schneider National portfolio of companies," said Powers. "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."
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.
"This acquisition allows us to deliver on our promise of being one of the most integrated and comprehensive supply chain resources in the industry. 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," Escott noted.
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.