The buyout of Cowan Systems is likely to enhance SNDR's earnings and boost its position as one of the largest dedicated providers in the transportation industry.

Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.

Including Cowan Systems, Schneider will operate over 8,400 dedicated tractors – approximately 70% of Schneider’s Truckload fleet – cementing its place as one of the largest dedicated providers in the transportation industry.

Schneider National ( CCJ Top 250, No. 6) has agreed to acquire Baltimore-based Cowan Systems (No. 54), LLC and its affiliates for $390 million. The deal is expected to close before year end. At closing, Cowan Systems will operate as a wholly-owned subsidiary of Schneider.

(NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, announced today the company, through certain wholly owned subsidiaries, has entered into a definitive agreement to acquire Cowan Systems,

Schneider National is continuing to grow its dedicated business with the acquisition of Cowan Systems. Schneider, through certain wholly owned subsidiaries, has reached a deal to acquire Cowan Systems LLC and affiliated entities for a cash purchase price of approximately $390 million.

Schneider is acquiring Baltimore-based Cowan Systems in a $390 million deal that will expand the carrier’s dedicated trucking services. The transaction is set to close by the end of 2024.