GREEN BAY, Wis. – (August 31, 2010) - Schneider Logistics, a leading global logistics provider and part of the Schneider National enterprise, announced today that it has agreed to sell its freight forwarding and customs house brokerage business in the United States and China to Norbert Dentressangle, a major European transportation, logistics and freight forwarding company based in Lyon, France. The transaction, which is expected to be final by October 1, 2010, does not affect Schneider Logistics’ other international supply chain services, including transloading, warehousing, distribution, port dray services, inland logistics management, supply chain management, brokerage or domestic China transportation services.
There will be no job losses incurred through the sale, with all Schneider freight forwarding and customs house brokerage associates in the United States and China becoming employees of Norbert Dentressangle. The sale encompasses seven locations in the United States (San Diego, Los Angeles, San Francisco, Miami, Atlanta, New York and Chicago) and two locations in China (Tianjin and Shanghai).
Norbert Dentressangle, founded in 1979, reported 2009 revenues of (U.S.) $3.5 billion. Today the company has 27,000 employees throughout 355 locations in 17 countries. With more than 6,900 tractors and 8,600 trailers, as well as 5.3 million square feet of warehouse space, Norbert Dentressangle has become one of the top European transportation, logistics and freight forwarding providers. According to Schneider CEO and President Chris Lofgren, the expertise of Schneider’s freight forwarding and customs house brokerage team will enable Norbert Dentressangle to grow its existing business and leverage its European customer base to generate new business in the United States for themselves as well as Schneider’s current customers.
“As we continue to refine our Enterprise strategy, it has become clear that while freight forwarding and customs brokerage is an exciting business with significant potential, it is not part of the strategic focus on our core truckload, logistics and intermodal services. When making strategic decisions like this, our guiding principle is that our people deserve to be aligned with a company that shares our core values and plans to invest in the people, technology and resources to grow the business. The freight forwarding and customs brokerage associates will have great opportunities for growth and success with Norbert Dentressangle,” Lofgren noted.
About Schneider Logistics, Inc.
Schneider Logistics, Inc. is an international logistics provider to Global 2000 companies. Schneider Logistics helps customers capture strategic business value from their supply chains in the form of lower distribution costs, reduced inventory, improved customer service and increased availability to working capital. The company provides end-to-end supply chain management, transportation management and international logistics services.
Schneider Logistics is a wholly owned subsidiary of Schneider National, a premier provider of truckload, intermodal and logistics services. Headquartered in Green Bay, Wis., Schneider National has provided expert logistics and transportation solutions for 75 years. A $2.9 billion company, Schneider National conducts business in more than 28 countries in North America, Europe and Asia. For more information about Schneider Logistics, visit www.schneider.com.
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