A 25 year veteran of the supply chain and logistics industry blogs on all things logistics. Experience in 3PL, automotive and consumer goods logistics help bring a unique insight to this topic
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Sunday, March 26, 2017
Schneider IPO Price Set Between $18 and $20. Big Pay Day for Family
Three things to know about the Schneider (SNDR) IPO (JSonline):
The family remains firmly in control - in fact the company will still be considered a "closely held" company.
Family will net about $230M
$359M to the company of which roughly half is used to pay down debt and 1/2 to buy chassis.
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