Truckload provider, Schneider National Inc., announced that it will sell its Specialized Division to Maverick USA, Inc., a flatbed transportation and logistics provider.
According to a joint company news release, this transaction will allow Maverick USA to expand its services to include national specialized glass transportation capabilities, and allows Schneider to focus on its strategy of developing global transportation and logistics solutions.
The sale of the Specialized Division indicates the continuation of Schneider's strategy to become a more global company focused on large market segments and big box solutions, said Tom Nightingale, vice president of corporate marketing for Schneider National.
Specifically, the acquisitions of American Port Services and American Overseas Air Freight, and our new office in China are examples of this strategy in actionWe have expanded our global capabilities by adding transloading, international freight forwarding, customs brokerage and other services to complete the cycle of international to inland delivery, he said.
Through its subsidiary companies, Maverick USA will acquire the assets of Schneider's Specialized Division, which include 380 tractors, 870 trailers, over 425 drivers and independent contractors, 80 office and maintenance associates, other load-related equipment and dedicated operations, and several facilities in the U.S, including key operations in Laurinburg, N.C. and Knoxville, Tenn.
Maverick Specialized plans to retain all Schneider Specialized drivers, shop, and office associates, and will continue to operate from the current Specialized Division location in
The acquisition is expected to close by July 31, 2006.
