[photopress:Schnieder.jpg,full,alignright]The Wall Street Journal reports that Schneider National’s chief executive, Chris Lofgren, has said the company has plans to enter China’s trucking market. He said the country’s road network has developed sufficiently to make operations there feasible.
He also said Schneider is likely to make investments worth tens of millions of dollars in China within a year. Chris Lofgren said that its preferred method is to acquire companies rather than form joint ventures.
He said, ‘Our view on China is it’s incredible, exciting, dynamic, in many cases very similar to the US logistics environment in the 1950s. We want to maintain ownership. We would look to potentially make one or two acquisitions to give us an infrastructure and base, but look to invest equipment, train people and build organically.’
Source: Forbes