Schneider Logistics is selling off its freight-forwarding and customs-house brokerage business in the U.S. and China to Norbert Dentressangle, a European transportation firm based in Lyon, France. The transaction, which is expected to be final by October 1, does not affect the other international supply chain services offered by Schneider Logistics, a division of truckload carrier Schneider National, the company stressed.
Schneider added that the sale encompasses seven locations in the U.S. (San Diego, Los Angeles, San Francisco, Miami, Atlanta, New York and Chicago) and two locations in China (Tianjin and Shanghai). The company also noted that there will be no job losses incurred through the sale, with all of the affected employees being hired by Norbert Dentressangle.
“As we continue to refine our Enterprise strategy, it has become clear that while freight forwarding and customs brokerage is an exciting business with significant potential, it is not part of the strategic focus on our core truckload, logistics and intermodal services,” said Chris Lofgren, Schneider president & CEO, in explaining the reason for the sale.
“When making strategic decisions like this, our guiding principle is that our people deserve to be aligned with a company that shares our core values and plans to invest in the people, technology and resources to grow the business,” he added. “The freight forwarding and customs brokerage associates will have great opportunities for growth and success with Norbert Dentressangle.”