Schneider Ends Plans to Spin Off Logistics Division

Sep 5, 2001 12:00 PM

Schneider National Inc, Green Bay WI, has announced that that it is no longer pursuing plans and related activities to spin-off and execute an initial public offering of its wholly owned subsidiary, Schneider Logistics Inc.

The decision was based on the current state of the equity capital markets, coupled with the fact that Schneider National has been able to allocate substantial resources to Schneider Logistics and does not see a current need to access outside equity capital to fund SLI's future growth.