Investors Find New Mother Lode On Wall Street
Working hard and being smart is good, but not always enough. A company needs to have the luck of being in the right place at the right time.
The owners of Schneider National think they are lucky enough to have a commodity that stock market investors want in abundance — public shares of their logistics division — and they think that now is the time to sell it. If they are right, they will be able to raise millions of dollars for investing.
Logistics companies are popular among investors, who right now prefer information service logistics operations over asset-heavy, traditional trucking.
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Schneider is the nation’s largest truckload carrier and the fifth-largest trucking company overall on the Transport Topics 100 list. But the privately held trucking business is not what is up for grabs. Schneider hopes to attract support for its logistics operations.
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For the full story, see the Sept. 25 print edition of Transport Topics. Subscribe today.
