ºÚÁϳԹÏÍø

Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.

Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.

A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.

Privately held Schneider announced plans to do an initial public offering of its shares next year, becoming the last of the 10 largest North American trucking companies to take that approach to funding operations and expansion.

Bob Wyatt, Schneider's most-decorated and longest-tenured driver, won the 2016 International Driver Excellence Award from the Commercial Vehicle Safety Alliance.

Truckload carrier Schneider announced the acquisition of less-than-truckload specialist Watkins & Shepard and final-mile delivery carrier Lodeso to expand the buyer’s service portfolio.

Schneider has named Mark Rourke executive vice president and chief operating officer for the Green Bay, Wisconsin-based trucking and logistics service provider.

Schneider added intermodal service between the Southeast and Montreal over a more direct route.

Schneider has raised van truckload driver pay by 8-13% in mileage and bonus pay, after increases for tanker and dedicated account drivers.