Schneider National Drops Plans For Logistics Spin-Off

Schneider National, Green Bay, Wis., announced that it is no longer pursuing plans to spin-off and take public its Schneider Logistics subsidiary.

The decision was based on the current state of the equity capital markets - initial public offerings are not doing well in any market at the moment - coupled with the fact that Schneider has put enough money into Schneider Logistics that it no longer sees a need to seek outside investment.
In august, readers of Inbound Logistics magazine voted Schneider Logistics as the fifth leading third-party logistics provider in the country.
"Over the past 12 months, we have invested a significant portion of the capital expected in proceeds from an IPO into Schneider Logistic's SUMIT technology platform," said Don Schneider, president of Schneider National. "We also are committed to continue the necessary capital funding underlying SLI's aggressive growth plans to be a significant player in global logistics."
Schneider Logistics, a non-asset-based company, will continue to operate as a wholly owned subsidiary of Schneider National.