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Truckload carrier Schneider said its Class B common stock began trading on the New York Stock Exchange on April 6 under the ticker symbol SNDR, and offered 28,947,000 shares initially priced at $19 per share.

Members of the Schneider family will get about $230 million from the sale of stock in the Green Bay, Wisconsin, trucking company that bears their name, a document filed March 24 with securities regulators shows.

Schneider, the largest privately owned for-hire carrier in the United States and Canada, will become a publicly traded company as soon as April 5 with shares trading between $18 and $20, according to Bloomberg News and a company filing with the Securities and Exchange Commission.

Schneider National Inc. has agreed to a new multiyear agreement with CSX Transportation Inc., under which the railroad will continue to serve as one of the truckload and intermodal carrier's primary rail providers.

Schneider National Inc., which ranks No. 7 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, filed an S-1 form with the Securities and Exchange Commission on Dec. 22 that could pave the way for the truckload giant to go public in 2017.

Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.

Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.

A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.

Privately held Schneider announced plans to do an initial public offering of its shares next year, becoming the last of the 10 largest North American trucking companies to take that approach to funding operations and expansion.

Bob Wyatt, Schneider's most-decorated and longest-tenured driver, won the 2016 International Driver Excellence Award from the Commercial Vehicle Safety Alliance.