Firming truckload capacity creating tailwinds for Schneider's trucking and logistics operations.
Multimodal transport company Schneider National’s first-quarter revenue before fuel surcharges increased a solid 11.5% year over year, mostly in line with our forecast. Relative to first-quarter 2017, higher revenue stems from healthy growth across the entire portfolio (asset-based trucking, highway brokerage, and intermodal), with significant help from unusually tight truckload-industry capacity (translates into pricing gains) and a favorable demand backdrop. The adjusted total operating ratio ...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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