Schneider National, the eight largest carrier in the country and the largest privately owned carrier, has filed an application with the Securities and Exchange Commission to become publicly owned and begin trading shares on the New York Stock Exchange. Schneider made the announcement about the application Dec. 21, following up on an October 2016 announcement that it planned an initial public offering in 2017.
According to the CCJ Top 250 carrier rankings, Schneider pulled in $3.9 billion in revenue in 2014.
Likewise, Daseke, No. 42 in the CCJ Top 250, has entered into a merger deal with investment firm Hennessy Capital and will become a publicly traded company on the Nasdaq exchange, both companies announced in late December.
The Addison, Texas-based flatbed and specialized carrier will receive $626 million in newly issued Hennessy shares. Hennessy, already a publicly traded company, will change its name to Daseke, Inc., and will begin trading on the Nasdaq under the symbol DSKE and DSKEW.
Daseke was formed in 2009 and has grown, mostly via mergers, from $30 million in revenue that year to $679 million in 2015. Daseke owns several major motor carriers, such as Boyd Bros., E.W. Wylie, Bulldog Hiway Expresss, Hornady Transportation and others.
Affected tractors are equipped with an automated Eaton UltraShift Plus or Eaton Advantage Transmission with right hand stalk shifter. In the affected trucks, the display on the instrument panel can indicate “N” when the shifter is set into “D” or “R,” causing the truck not to move.