"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 chief executive officer of Schneider National, parent of Schneider Logistics.
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 60 days.
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. 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," Escott noted.
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.