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Yahoo
27-05-2025
- Business
- Yahoo
Schneider National, Inc. announces participation in upcoming conference
GREEN BAY, Wis., May 27, 2025--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced participation in the following investment conference: 2025 Wells Fargo Industrials and Materials Conference: Tuesday, June 10, 2025. Mark Rourke, President and Chief Executive Officer, and Darrell Campbell, Executive Vice President and Chief Financial Officer, will participate in a fireside chat and a series of investor discussions. The chat will begin at 7:45 a.m. (Eastern Time). A webcast for this event may be located on Schneider's Investor Relations website ( and available for a limited time following the conference. About Schneider Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider's solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting. Schneider has been safely delivering superior customer experiences and investing in innovation for 90 years. The company's digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead. For more information about Schneider, visit or follow the company socially on Facebook, LinkedIn and X: @WeAreSchneider. Source: Schneider SNDR View source version on Contacts Kara Leiterman, Media Relations ManagerM 920-370-7188leitermank@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Business
- Yahoo
Tariffs trim Schneider National's 2025 growth expectations
Multimodal transportation provider Schneider National said it still expects to see growth and operational improvement across its three businesses this year, just at a more subdued pace given the tariff overhang. So far, the changing trade landscape hasn't produced any dramatic shifts in customer demand. Rates across its truckload segment have increased by low- to mid-single-digits this year. However, the carrier is taking less volume from some shippers when the rate isn't desirable. It now expects rate and volume growth in the segment to be more muted moving forward. (Schneider is approximately one-third of the way through its TL bid season.) The Green Bay, Wisconsin-based company reported first-quarter adjusted earnings per share of 16 cents on Thursday, 2 cents ahead of the consensus estimate and 5 cents higher year over year. The increase was primarily due to the December acquisition of dedicated carrier Cowan Systems. Schneider (NYSE: SNDR) cut its full-year adjusted EPS outlook to 75 cents to $1, a 17% reduction (at the midpoint) from its initial guidance. The updated outlook bracketed the current consensus estimate of 89 cents. The company expects continued y/y improvement in results the rest of the year. 'In constructing our revised outlook for the full year, we considered the current trade policy and increased economic uncertainty and the resulting moderating impact on both price and volume,' said Schneider CFO Darrell Campbell on a Thursday call. He said the company will look to offset the impact from a weaker economy with continued tractor utilization initiatives and cost takeouts. The company has identified more than $40 million in cost reductions, many of which are tied to AI-enabled efficiency programs. Schneider's TL unit saw a 14% y/y revenue increase to $614 million, mostly due to the acquisition. Average trucks in service increased 13% y/y, and revenue per truck per week (a utilization metric) was up 3% y/y. Rate-per-mile improvement in both the dedicated and one-way segments helped push utilization higher. Schneider continues to cull the one-way fleet as it views the current economics of this portion of the TL market as 'uninvestable.' The unit reported a 95.9% operating ratio (inverse of operating margin), 130 basis points better y/y and 60 bps better than the fourth quarter. Guidance calls for the TL segment to see 'more moderate pricing improvements' and lower volume growth than previously contemplated. Net fleet growth is expected within dedicated, but management flagged some customer churn in the near term that it expects to be more than offset by new business wins. It said customer retention in dedicated is still in the low-90% range. Schneider said cost synergies from the Cowan deal should be $20 million to $30 million over time. The company's intermodal segment reported a 5% y/y increase in revenue to $260 million. Loads were up 4%, and revenue per load (excluding fuel surcharges) was up 1%. This was the third consecutive quarter that yields were up y/y. Management said intermodal bid season is producing an increase in volume allocations but yields remain largely flat. Looking forward, it expects a continuation in volume growth alongside moderate pricing improvement. The new business wins are expected to offset any tariff-related demand destruction. Roughly 15% to 25% of Schneider's intermodal volume is tied to imports, mostly to the West Coast and Mexico. The company said its cross-border business is compliant with the United States-Mexico-Canada Agreement and largely unimpacted by tariffs currently. Intermodal reported a 94.7% OR in the quarter, 250 bps better y/y. Roughly 10% of Schneider's container fleet is idle, which is lower than some peers. It estimates it could grow volumes by 20% to 25% without adding equipment. The unit turned each container nearly four times on average in the quarter, a 5% y/y improvement. (Incremental capacity can be captured as container turns improve.) It doesn't see the need to remove capacity currently as it believes longer-term intermodal fundamentals are very favorable. It also said there is a possibility that a sharp falloff in imports could create a bit of a near-term supply shock, although that is not Schneider's base case. 'The conditions are ripe for a bullwhip. It appears that imports may be dropping faster than consumer demand, and a lull in shipping could be the catalyst that removes additional capacity from the market,' said Jim Filter, group president of transportation and logistics. He said quick trade resolution could provide 'an abrupt restart to imports with less capacity than there is today.' Logistics revenue was up 2% y/y to $332 million. The Cowan acquisition offset legacy volume declines and weaker revenue per load. The unit reported a 97.6 OR, 70 bps better y/y. A decline in volumes with improved net revenue per order is the guidance for the logistics segment. Schneider reeled in its net capex plan to a range of $325 million to $375 million from $400 million to $450 million previously. It will continue to allocate capital to fund dedicated and intermodal tractor purchases while maintaining normal replacement cycles for trailers. It said it would have a more asset-light approach in dedicated, utilizing owner-operators when it can. Shares of SNDR were up 1% at 2:21 p.m. EDT on Thursday compared to the S&P 500, which was up 1.2%. More FreightWaves articles by Todd Maiden: Losses continue to mount at Heartland Express XPO sees runway to higher margins even if downcycle lingers ArcBest says LTL pricing not under attack The post Tariffs trim Schneider National's 2025 growth expectations appeared first on FreightWaves. 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Yahoo
01-05-2025
- Business
- Yahoo
Schneider National's Q1, outlook not as bad as feared
Schneider National announced first-quarter earnings ahead of analysts' expectations on Thursday but lowered its outlook for 2025. Schneider (NYSE: SNDR) reported adjusted earnings per share of 16 cents, 2 cents ahead of the consensus estimate and 5 cents higher year over year. The y/y increase was driven by the December acquisition of Cowan Systems. The adjusted EPS number excluded 1 cent per share in acquisition costs. Full-year guidance was cut to a range of 75 cents to $1 from the initial guide of 90 cents to $1.20 (a 17% reduction at the midpoints). However, the new outlook bracketed the 89-cent consensus estimate at the time of the print. (Analysts have been lowering estimates in recent weeks to reflect potential demand destruction from a protracted trade war.) 'While the current macro-economic environment is leading to declining consumer sentiment and increasing shipper uncertainty, we expect to deliver improved year over year results through 2025, although tempered versus our previous outlook,' said Schneider CFO Darrell Campbell in a news release. Schneider's truckload segment reported a 14% y/y revenue increase to $614 million. The bulk of the increase was tied to the acquisition, but revenue per truck per week in both its dedicated and one-way segments increased by approximately 2% y/y as rate per mile increased. Like many carriers in the industry, Schneider has worked to cull its one-way fleet to improve utilization. Revenue per truck per week, however, was off 4% sequentially for the entire TL fleet from the fourth quarter to the seasonally weakest first quarter. The unit reported a 95.9% operating ratio (inverse of operating margin), 130 basis points better y/y and 60 bps better than the fourth quarter. The company's intermodal segment reported a 5% y/y increase in revenue and 250 bps of OR improvement to 94.7%. Schneider also saw 70 bps of margin improvement in its logistics business. 'Revenues excluding fuel surcharge of nearly $1.3 billion were the second highest for a first quarter in our history, and all our reportable segments improved revenues, earnings, and margin year over year. As the quarter progressed, increasing economic uncertainty lowered consumer sentiment and market expectations,' said Schneider President and CEO Mark Rourke in a news release. Shares of SNDR were off 0.5% at 9:49 a.m. EDT on Thursday compared to the S&P 500, which was up 1%. Schneider will host a conference call to discuss first-quarter results at 10:30 a.m. EDT on Thursday. More FreightWaves articles by Todd Maiden: XPO sees runway to higher margins even if downcycle lingers ArcBest says LTL pricing not under attack Landstar quantifies suspected fraud event, delays Q1 report The post Schneider National's Q1, outlook not as bad as feared appeared first on FreightWaves.
