Schneider Logistics, Inc., the logistics arm of parent company Schneider National, has signed a stock purchase agreement to acquire American Overseas Air Freight, an international freight forwarder and a licensed U.S. Customs Broker.
The company specializes in the handling and shipping of import and export products by air, ocean and truck. Upon completion of the acquisition, Schneider National will be the first truckload carrier to cover international to inland deliveries, the carrier said. Terms of the transaction are not being disclosed.
"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 of 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."
Ron Barker, president of American Overseas will continue to lead the El Segundo, CA-based organization.
According to Escott, the company will retain the American Overseas name and will conduct business as a wholly owned subsidiary of Schneider Logistics.
American Overseas has operations in four locations in California: El Segundo, Carson, San Diego and San Francisco.