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Funny Freight Friday: Same thing.
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Schneider National's acquisition of M&M Transport bolsters their fleet and positions them towards achieving $1.5 billion in annual revenues.
Schneider National has recently announced the acquisition of M&M Transport Services, a West Bridgewater, Massachusetts-based provider of transportation, intermodal, and logistics services. The terms of the deal have not been made public. However, this move significantly expands Schneider's service capabilities. With M&M's fleet of 500 trucks and 1,900 trailers, Schneider is now better positioned to cater to a wide range of transportation needs, primarily for the retail and manufacturing segments. This move is expected to put Schneider on the path towards generating $1.5 billion in annual dedicated contract revenues, greatly enhancing their market positioning.
Despite this acquisition, M&M will continue to operate as a wholly-owned subsidiary of Schneider and its financial results will be reported under the truckload segment starting from the third quarter of this year.
Source: Commercial Carrier Journal
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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