Schneider Acquires M&M Transport | Transport Topics

Schneider Acquires M&M Transport | Transport Matters


M&M Transport Companies has 500 vans and 1,900 trailers throughout 12 U.S. places within the Northeast, Midwest and Southwest. (Schneider)

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Schneider Nationwide Inc. introduced that it’s buying devoted contract service M&M Transport Companies.

Based mostly in West Bridgewater, Mass., M&M primarily provides specialty providers for the retail and manufacturing clients, Schneider stated in an Aug. 2 launch. M&M’s prime 20 clients embody Fortune 500 corporations.

M&M has 500 vans and 1,900 trailers throughout 12 U.S. places within the Northeast, Midwest and Southwest.

The acquisition positions Schneider to generate $1.5 billion in annual devoted contract revenues, and lifts its devoted tractor rely to six,500 models, the corporate stated.

Schneider ranks No. 8 on the Transport Matters Prime 100 listing of the most important for-hire carriers in North America.

“By combining our respective experience, data and sources, we shall be higher positioned to satisfy the evolving wants of our clients and broaden our attain within the Devoted market,” stated Schneider CEO Mark Rourke. “That is an thrilling alternative to leverage one of the best of each corporations and use our complementary capabilities to ship enhanced worth to our clients and stakeholders.”

M&M Transport, which has been in enterprise for 30 years, will function as an entirely owned subsidiary of Schneider.

“As an entirely owned subsidiary of Schneider, M&M Transport will proceed to leverage our strengths whereas capitalizing on Schneider’s broad capabilities and sources to help continued development and the constant, dependable service that our clients count on from M&M Transport,” stated M&M Transport founder Mark Warsofsky.

The acquisition is anticipated to be instantly accretive to Schneider’s earnings per share. M&M’s monetary outcomes shall be reported as a part of Schneider’s devoted operations in its truckload section starting within the third quarter.

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