Schneider National, a multimodal provider of transportation, intermodal, and logistics services, has acquired M&M Transport Services, of West Bridgewater, Massachusetts — a deal that puts Schneider on a glide path toward $1.5 billion in annual dedicated contract revenues and 6,500 dedicated tractors in service, according to the company.
M&M Transport is a dedicated contract carrier that primarily provides specialty solutions for the retail and manufacturing verticals. Schneider reports M&M Trasport’s top 20 customers include many Fortune 500 companies.
The dedicated carrier deploys approximately 500 trucks and 1,900 trailers across 12 locations in the Northeast, Midwest, and Southwest.
M&M Transport, which will operate as a wholly owned subsidiary of Schneider, has a 30-year history of growth and a demonstrated reputation of strong customer service, Schneider reported.
“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 Mark Warsofsky, M&M Transport founder.
The acquisition is expected to be immediately accretive to Schneider’s earnings per share. M&M Transport’s financial results will be reported in dedicated operations as part of the truckload segment beginning in the third quarter of 2023, according to Schneider.