Article written by Nick Williams
Green Bay’s Schneider National Inc., the multibillion-dollar transportation and logistics company, has invested in a Chicago-based logistics software startup and partnered with the company to bolster management and decision making within its supply chain.
Terms of Schneider’s investment in Mastery Logistics Systems Inc. was not disclosed. Mastery was launched in 2019 by Jeff Silver, who founded Coyote Logistics in 2006. Coyote was acquired by UPS for $1.8 billion in 2015.
“Our customers rely on us to provide the capacity they need when and where they need it regardless of whether it is a dedicated solution, one-way trucking, brokerage, or supply chain management,” said Mark Rourke, CEO of Schneider, in a statement. “MasterMind will help us accelerate the blending of our asset and non-asset worlds for the benefit of our customers and will provide us a highly flexible and automated solution that will allow our associates to deliver what our customers need.”
Through the investment, Schneider will use Mastery’s MasterMind software-as-a-service technology. Mastery initialized a phased implementation with Schneider beginning with its brokerage division.
“The industry needs a system that brings value while still allowing a company to benefit from the use of their own secret sauce,” said Jeff Silver, Mastery CEO. “MasterMind is meant to be collaborative in every sense. We are building a strategic partnership within the Mastery and Schneider teams to achieve operational excellence, speed, and optimal resource allocation for the Schneider network.”
Schneider (NYSE: SNDR) reported full-year 2019 revenue of $4.74 billion.
Original Source: https://www.bizjournals.com/milwaukee/news/2020/07/21/schneider-invests-in-logistics-startup.html