Schneider to Sell Forwarding Business
Schneider Logistics said it will sell its freight forwarding and customs house brokerage business in the United States and China to France-based Norbert Dentressangle.
Freight forwarding and customs brokerage are “not part of the strategic focus on our core truckload, logistics and intermodal services,” said Chris Lofgren, president of Schneider National, the parent company of Schneider Logistics.
The sale includes seven Schneider locations in the U.S. and two in China, Schneider said. All affected employees will become employees of Norbert Dentressangle, and the sale will not affect other Schneider business.
The sale will be final Oct. 1. The companies did not disclose further terms of the transaction.
Norbert Dentressangle, based in Lyon, France, is a logistics and freight forwarding business. It has 6,900 trucks and 8,600 trailers, and reported revenues of $3.5 billion in 2009, Schneider said.
Schneider is ranked No. 7 on the Transport Topics Logistics 50 listing of U.S. and Canadian logistics companies.
