Schneider buys forwarder

Feb. 28, 2006
Schneider buys forwarder

Schneider Logistics, an arm of Green Bay, WI-based truckload carrier Schneider National, is acquiring El Segundo, CA-based international freight forwarder and licensed customs broker American Overseas Air Freight for an undisclosed sum – part of its plan to one of the first truckload carriers to be able to complete the cycle of international to inland delivery.

“The freight forwarding and customs brokerage expertise of American Overseas will complement [our] existing transportation and logistics services offerings as we continue to expand globally,” said Tom Escott, president of Schneider Logistics. “This acquisition is another key component in our strategy to build a comprehensive door-to-door global logistics operation that spans air, ocean, rail and truck transportation.”

American Overseas has operations in four locations in California – El Segundo, Carson, San Diego and San Francisco – and is a member of the Hi-Tech Freight Forwarder Network, a worldwide network of independent forwarding agents. It specializes in the handling and shipping of import and export products by air, ocean and truck, said Ron Barker, president of American Overseas, who plans to continue leading the company after the acquisition is finalized within the next 45 days.

“Our knowledge and experience in handling and shipping both imports and exports should be a strong asset to Schneider’s global logistics and transportation portfolio,” he said, noting that the company is going to retain the American Overseas name and will conduct business as a wholly-owned subsidiary of Schneider Logistics.

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