Deal will make parent Schneider National first full truckload carrier to offer port transloading services
Green Bay, WI — June 17, 2005 — Lead logistics provider Schneider Logistics has signed a definitive agreement to acquire American Port Services in a deal that will give Schneider a significant presence in major U.S. ports and make Schneider's parent company the first national full truckload provider to offer transloading services, Schneider announced today.
American Port Services is a leading U.S. provider of port transloading/deconsolidation, warehousing and distribution services. Schneider Logistics is part of the Schneider National enterprise, and
"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, Georgia-based organization once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 60 days.
Serving Global Supply Chains
"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," 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."
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.
Founded in 1987 by brothers George, Andy, and Joe Powers, American Port Services has a history of providing shippers expertise in crossdocking and flow through distribution, distribution center operation, export packing and crating, local dray service, and value-added services, including re-packaging, kitting, and shrink-wrapping. The company serves companies in the retail, consumer products and manufacturing industries.
Additional Articles of Interest
— To go the distance in business you need to take a disciplined approach. Supply & Demand Chain Executive offers key best practices for making your supply chain hum in the article "7 Habits of Highly Efficient Supply & Demand Chains," the cover story in the April/May 2005 issue of the magazine, featuring an interview with supply chain guru Jim Tompkins of Tompkins Associates.
— Lean is still a top priority for many organizations, and now leading enterprises are applying lean principles to the supply chain. Read about the challenges in building a "lean supply chain" in "The Value of Being Out-of-stock (Almost) Everywhere," the Final Thoughts column in the April/May 2005 issue of Supply & Demand Chain Executive.
— When ex-Chrysler chief Thomas T. Stallkamp considers cures for what ails American manufacturing, he chooses not to look inside the four walls of the corporation but to the extended enterprise and the relationships that bind a company to its supply chain partners. Read about Stallkamp's take on the collaboration imperative in "No Company Is an Island," the Executive Memo column in the April/May 2005 issue of Supply & Demand Chain Executive.
Green Bay, WI — June 17, 2005 — Lead logistics provider Schneider Logistics has signed a definitive agreement to acquire American Port Services in a deal that will give Schneider a significant presence in major U.S. ports and make Schneider's parent company the first national full truckload provider to offer transloading services, Schneider announced today.
American Port Services is a leading U.S. provider of port transloading/deconsolidation, warehousing and distribution services. Schneider Logistics is part of the Schneider National enterprise, and
"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, Georgia-based organization once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 60 days.
Serving Global Supply Chains
"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," 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."
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.
Founded in 1987 by brothers George, Andy, and Joe Powers, American Port Services has a history of providing shippers expertise in crossdocking and flow through distribution, distribution center operation, export packing and crating, local dray service, and value-added services, including re-packaging, kitting, and shrink-wrapping. The company serves companies in the retail, consumer products and manufacturing industries.
Additional Articles of Interest
— To go the distance in business you need to take a disciplined approach. Supply & Demand Chain Executive offers key best practices for making your supply chain hum in the article "7 Habits of Highly Efficient Supply & Demand Chains," the cover story in the April/May 2005 issue of the magazine, featuring an interview with supply chain guru Jim Tompkins of Tompkins Associates.
— Lean is still a top priority for many organizations, and now leading enterprises are applying lean principles to the supply chain. Read about the challenges in building a "lean supply chain" in "The Value of Being Out-of-stock (Almost) Everywhere," the Final Thoughts column in the April/May 2005 issue of Supply & Demand Chain Executive.
— When ex-Chrysler chief Thomas T. Stallkamp considers cures for what ails American manufacturing, he chooses not to look inside the four walls of the corporation but to the extended enterprise and the relationships that bind a company to its supply chain partners. Read about Stallkamp's take on the collaboration imperative in "No Company Is an Island," the Executive Memo column in the April/May 2005 issue of Supply & Demand Chain Executive.
- More articles about Schneider Logistics.
