Schneider acquires Wisconsin-based carrier deBoer Transportation

Rhea-AI Summary

Schneider (NYSE: SNDR) announced the acquisition of Wisconsin-based deBoer Transportation, aligning with its business strategy. Schneider is set to integrate deBoer into its existing operations, enhancing its Dedicated and Power Only services. The acquisition includes around 160 tractors and 660 trailers, excluding deBoer's facilities in Blenker, Wisconsin and Dallas, Texas. The deal aims to support Schneider's growth objectives in the transportation sector and improve operational efficiency.

Positive

• Acquisition enhances Schneider's fleet with 160 tractors and 660 trailers.
• Supports growth in Dedicated and Power Only service operations.

Negative

• None.

GREEN BAY, Wis.--(BUSINESS WIRE)-- Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services announced today the company has acquired Wisconsin-based carrier deBoer Transportation. Consistent with Schneider’s strategy, the company is expected to be quickly integrated into Schneider’s existing businesses, with drivers and equipment being deployed to support growth opportunities in Dedicated and Power Only operations.

deBoer Transportation is a regional and dedicated carrier headquartered in Blenker, Wisconsin. As part of the acquisition, Schneider will assume ownership of approximately 160 tractors and 660 trailers. deBoer's facility in Blenker, Wisconsin, and maintenance shop near Dallas, Texas, are not included in the sale.

About Schneider

Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Source: Schneider SNDR

View source version on businesswire.com: https://www.businesswire.com/news/home/20220607005904/en/

Kara Leiterman, Media Relations Manager

M 920-370-7188

leitermank@schneider.com

Source: Schneider SNDR

FAQ

What is the strategic significance of Schneider's acquisition of deBoer Transportation?

The acquisition aims to enhance Schneider's operations in Dedicated and Power Only services, supporting growth and fleet expansion.

How many tractors and trailers did Schneider acquire from deBoer Transportation?

Schneider acquired approximately 160 tractors and 660 trailers from deBoer Transportation.

Where is deBoer Transportation headquartered?

deBoer Transportation is headquartered in Blenker, Wisconsin.

Does the acquisition include deBoer's facilities in Texas?

No, the acquisition does not include deBoer's maintenance shop near Dallas, Texas.