Shipping out.Shipping Out: American Overseas Air Freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f agreed to be acquired by Green Bay, Wis.-based company Schneider Logistics Inc. Terms of the all-stock transaction were not disclosed. Ron Barker, president of American Overseas, will continue to lead the El Segundo-based international freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 45 days. American Overseas, which also has operations in Carson, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and San Francisco, will retain its name and will conduct business as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Schneider Logistics. |
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