Schneider Buys Watkins & Shepard

Schneider recently announced that they have purchased two companies — one carrier and one IT company — in an attempt to become the nation’s leading first-to-final-mile carrier.

Schneider Hopes To Lead Nation In First To Last Mile Transportation Of Oversized Items

Schneider bought Watkins & Shepard, a Montana based LTL service that specializes in difficult deliveries, and Lodeso, an IT company that helps arrange last mile transportation for difficult-to-deliver items. The terms for the acquisitions were not disclosed.

The acquisitions are a response to the rapid growth of e-commerce sales of furniture and other oversized items. The market for this type of delivery increased 8% last year to $6.8 billion.

Purchases Expand Existing Final Mile+ Program

Schneider already provides last mile delivery services with their Final Mile+ program. With the acquisition of the two companies, Schneider now says that it is, “the nation’s leading final-mile-delivery provider of LTL, truckload and logistics for home furnishings and over-dimensional goods serving traditional and omnichannel retailers.

Watkins & Shepard has experienced an increased demand for their services, which they say means that they need to hire more employees and invest more in infrastructure. Said Watkins & Shepard CEO Ray Kuntz, “Schneider not only brings financial strength, they also understand transportation and the power of technology, and appreciate what we have built as a team.

Watkins & Shepard was established in 1974 and employs almost 800 truck drivers out of 20 terminals.

Schneider is the nation’s largest privately owned U.S. carrier with an annual revenue of $4 billion.

Sources:
The Wall Street Journal
DC Velocity
Journal Of Commerce

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