Schneider National announced Monday it has entered into an agreement to acquire Cowan Systems for $390 million. The deal will significantly expand Schneider’s dedicated unit.
Schneider (NYSE: SNDR) also entered separate agreements to acquire $31 million of Cowan’s real estate assets.
Baltimore-based Cowan is a 100-year-old dedicated truckload carrier serving the retail, food and beverage, industrial and building materials verticals with a fleet of over 1,800 trucks and 7,500 trailers. It also has...
https://www.freightwaves.com/news/schneider-national-acquires-cowan-other-assets-for-more-than-400m