Report
Matthew Young
EUR 101.80 For Business Accounts Only

Newly Public Schneider Emerges as a High-Quality Multimodal Transport

We are initiating coverage of Schneider National, which completed an initial public offering in April. The company's flagship asset-based trucking operations rank as the second-largest carrier in the industry, touching several segments, including for-hire truckload, dedicated contract, and final-mile delivery. Before its IPO, Schneider kept a low profile with the analyst community. What surprised us most is the scale and profitability of its intermodal and asset-light logistics businesses, which...
Underlying
Schneider National Inc. Class B

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Young

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