- 6 August 2019
- Transport / Logistics Services
Major US logistics player Schneider National Inc has announced it has pulled out of its First to Final Mile (FTFM) service.
The Wisconsin based national carrier said in a statement: “We have made the difficult decision to execute a structured shutdown of our FTFM service offering,” Mark Rourke, Schneider’s chief executive, said in a statement.
“This decision followed a careful assessment of the near and longer-term prospects and alternatives. We believe this course of action allows us to fully focus on our services within Truckload, Intermodal, and Logistics, is consistent with our portfolio management and capital allocation disciplines, and is in the long-term best interest of our Company and our stakeholders.”
“The Schneider associates involved with FTFM have invested a tremendous amount of energy and creativity toward this endeavor over the past three years, and we want to express our gratitude for their efforts,” Rourke continued. “We are looking at all opportunities to redeploy our affected associates based on role, geography, and business need.”
Schneider’s FTFM service was mainly for heavier items such as furniture, carpets and appliances, and was aimed at the B2B and B2C markets. It had 26 depots across the US which will be shut down over the coming few weeks. Those customers with goods due to them will have them delivered as per their contracts.