Schneider’s Top Line Growth Still Very Healthy; But Market Conditions Likely Nearing Peak
Multi-modal transportation specialist Schneider National’s revenue before fuel surcharges showed another solid increase, rising 15% year over year in the third quarter. While the total average truckload fleet fell more than we originally anticipated, overall top-line trends largely met our expectations given very strong core-pricing conditions across all segments--asset-based trucking, intermodal, and highway brokerage. Relative to the same period last year, higher revenue stems from healthy gro...Schneider National is a transportation and logistics services company providing a portfolio of truckload, intermodal, and logistics solutions and operating for-hire trucking fleets. The company categorizes its operations into the following segments: truckload, which consists of freight transported and delivered with equipment by the company's company-employed drivers in company trucks and by owner-operators; intermodal, which consists of door-to-door container on flat car service by a combination of rail and over-the-road transportation; and logistics, which consists of non-asset freight brokerage services, supply chain services (including third-party businesses), and import/export services.
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