Schneider Logistics, Inc., an international lead logistics provider and part of the Schneider National enterprise, has signed a stock purchase agreement to acquire American Overseas Air Freight, an international freight forwarder and a licensed U.S. Customs broker. The company specializes in the handling and shipping of import and export products by air, ocean and truck.
Ron Barker, president of American Overseas, will continue to lead the El Segundo, Calif.-based organization once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 45 days. According to Escott, the company will retain the American Overseas name and will conduct business as a wholly owned subsidiary of Schneider Logistics.