GREEN BAY, Wis. — Schneider National Inc. has acquired M&M Transport Services LLC, which is based in West Bridgewater, Massachusetts.
M&M Transport is a dedicated contract carrier that primarily provides specialty solutions for the retail and manufacturing verticals.
The dedicated carrier deploys approximately 500 trucks and 1,900 trailers across 12 locations in the Northeast, Midwest and Southwest, according to a news release.
According to Schneider officials, the acquisition “further complements Schneider’s dedicated organic growth success and places Schneider on a glidepath toward $1.5 billion in annual dedicated contract revenues and 6,500 dedicated tractors in service to our valued customer base.”
“By combining our respective expertise, knowledge and resources, we will be better positioned to meet the evolving needs of our customers and expand our reach in the dedicated market,” said Schneider President and CEO Mark Rourke. “This is an exciting opportunity to leverage the best of both companies and use our complementary capabilities to deliver enhanced value to our customers and stakeholders.”
M&M Transport has a 30-year history of growth and a demonstrated reputation of strong customer service, according to Schneider.
M&M Transport will operate as a wholly owned subsidiary of Schneider.
“Both companies have a successful history of Dedicated operational excellence, a reputation for superior customer service and a common foundation of core values – so our cultures are an excellent match,” said M&M Transport Founder Mark Warsofsky. “Now, as a wholly owned subsidiary of Schneider, M&M Transport will continue to leverage our strengths while capitalizing on Schneider’s broad capabilities and resources to support continued growth and the consistent, reliable service that our customers expect from M&M Transport.”
The acquisition is expected to be immediately accretive to Schneider’s earnings per share. M&M Transport financial results will be reported in dedicated operations as part of the Truckload segment beginning in the third quarter of 2023.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
