Schneider to acquire Ohio-based carrier – Fleet Management
Schneider announced that the company is expanding its dedicated business with the acquisition of Ohio-based truckload carrier Midwest Logistics Systems (MLS).
MLS’s annual revenues are approximately $ 205 million, and the acquisition of 100% stake in MLS is expected to have an immediate effect on Schneider’s earnings per share, Schneider officials said in a statement. hurry.
MLS financial results will be presented in dedicated operations under the full load segment starting in the first quarter of 2022.
“With this acquisition, we believe that Schneider is on track to generate $ 1 billion in annual revenue from our dedicated operations with more than 5,000 trucks,” said Mark Rourke, President and CEO of Schneider.
The transporter, which employs more than 1,000 professional drivers and owns 900 tractors at 30 locations in the mid-US, will operate as an independent subsidiary of Schneider. MLS drivers and professional associates will continue to operate under the MLS name, Schneider officials said in a press release.
“It is essential to preserve the MLS identity,” said Mark Rourke, President and CEO of Schneider. “The family nature of the transporter, combined with its strong culture and customer service, make it a valuable contributor to the growth of Schneider’s dedicated operations. “