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Schneider Logistics sheds U.S., China forwarding and brokerage operations

Carrier says soon-to-be-sold units no longer fit with company's core business.

Mark Solomon
By Mark SolomonAug 31, 2010
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
See Full Bio

Schneider Logistics said Aug.31 it will sell its U.S. and Chinese freight forwarding and customs brokerage operations to Norbert Dentressangle, a France-based firm, for an undisclosed sum.

The transaction, expected to close by Oct. 1, affects seven locations in the United States and two in China, said Schneider Logistics. The transaction will not affect Schneider Logistics' other international supply chain operations, including transport operations in the mainland China market, the Green Bay, Wis.-based company said.

In a statement, Chris Lofgren, president and CEO of parent Schneider National, said the soon-to-be-sold operations no longer fit with the company's core business of truckload, logistics, and intermodal services. "The freight forwarding and customs brokerage associates will have great opportunities for growth and success with Norbert Dentressangle," said Lofgren.

All employees at the affected locations will become employees of the French firm, Schneider Logistics said.

Norbert Dentressangle, based in Lyon, was founded in 1979 and in 2009 had revenues of US$3.5 billion. According to its website, it operates 5.3 million square feet of warehouse space, with 6,900 trailers and 8,600 trailers. Its network is almost exclusively concentrated in Europe, according to its website.

ArticleTransportation
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ArticleTransportation
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