Schneider Buys New England-Primarily based Devoted Service – Fleet Administration
Schneider has acquired M&M Transport.
Picture: Schneider Nationwide
Schneider Nationwide, a multimodal supplier of transportation, intermodal, and logistics companies, has acquired M&M Transport Companies, of West Bridgewater, Massachusetts — a deal that places Schneider on a glide path towards $1.5 billion in annual devoted contract revenues and 6,500 devoted tractors in service, in line with the corporate.
M&M Transport is a devoted contract provider that primarily offers specialty options for the retail and manufacturing verticals. Schneider studies M&M Trasport’s high 20 clients embrace many Fortune 500 corporations.
The devoted provider deploys roughly 500 vans and 1,900 trailers throughout 12 areas within the Northeast, Midwest, and Southwest.
M&M Transport, which is able to function as a completely owned subsidiary of Schneider, has a 30-year historical past of progress and a demonstrated status of robust customer support, Schneider reported.
“Each corporations have a profitable historical past of devoted operational excellence, a status for superior customer support, and a typical basis of core values — so our cultures are a superb match,” stated Mark Warsofsky, M&M Transport founder.
The acquisition is predicted to be instantly accretive to Schneider’s earnings per share. M&M Transport’s monetary outcomes will probably be reported in devoted operations as a part of the truckload section starting within the third quarter of 2023, in line with Schneider.
