Schneider Spin-off Goes Public
Schneider National, Green Bay, Wisc., has announced plans to spin off its logistics business as a separate company and to seek outside capital for Schneider Logistics
Schneider National, Green Bay, Wisc., has announced plans to spin off its logistics business as a separate company and to seek outside capital for Schneider Logistics.
The new company will include the current logistics business and information technology organization of Schneider National. As part of the spin-off, the new Schneider Logistics information technology organization will provide operational systems and capabilities to Schneider National.
Chris Lofgren will lead Schneider Logistics as chief executive officer and Rodger Mullen, currently vice president-logistics, will serve as senior vice president-operations of Schneider Logistics. Schneider National will continue to be led by Don Schneider, president and chief executive officer. Scott Arves, current vice president-van group, will serve as its chief operating officer.
Schneider National will remain a privately held company.
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