Schneider announces pending acquisition of American Overseas Air Freight
By NS Admin Published 30 November 1999US Overseas Air Freight specializes in the handling and shipping of import and export products by air, ocean and truck. Upon completion of the acquisition, Schneider National will purportedly be the first truckload carrier to complete the cycle of international to inland delivery. "The freight forwarding and customs brokerage expertise of American Overseas will complement Schneider's existing transportation and logistics services offerings as we continue to expand globally," said Tom Escott, president, 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." Terms of the transaction, which marks Schneider's second acquisition within six months, have not yet been disclosed.
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