Schneider National acquires Cowan Systems for $390M to expand its dedicated truck fleet.

Schneider National has agreed to acquire Cowan Systems, a dedicated contract carrier, for $390 million in cash. Cowan Systems, based in Baltimore, operates about 1,800 trucks and provides additional services like brokerage and warehousing. The acquisition aims to strengthen Schneider's presence in the dedicated contract carriage market and is expected to be completed by the end of the year, enhancing Schneider's earnings and expanding its fleet to over 8,400 dedicated tractors.

November 25, 2024
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