Schneider National, Inc. - SNDR STOCK NEWS

Schneider National (NYSE: SNDR) has achieved a significant milestone as its battery electric vehicle (BEV) fleet surpassed six million zero emission miles, resulting in a reduction of 20 million pounds of CO2 emissions. The company operates one of North America's largest BEV fleets with nearly 100 Freightliner eCascadias and a charging depot in Southern California capable of charging 32 trucks simultaneously.

As the first third-party carrier for PepsiCo's zero emission shipments globally, Schneider covered over 31,000 zero emission miles in 2023. The company's BEV fleet was supported by various grants from organizations including California Air Resources Board and the California Energy Commission's JETSI initiative. Schneider aims to reduce CO2 emissions by 7.5% per mile by 2025 and achieve a 60% reduction by 2035.

Schneider National (NYSE: SNDR) has announced the acquisition of Cowan Systems for $390 million, plus $31 million for related real estate assets. Based in Baltimore, Cowan Systems is a dedicated contract carrier operating approximately 1,800 trucks and 7,500 trailers across 40+ locations in the Eastern and Mid-Atlantic US. The acquisition will strengthen Schneider's Dedicated segment, increasing its fleet to over 8,400 dedicated tractors, representing about 70% of its Truckload fleet. The transaction is expected to close in Q4 2024 and be accretive to earnings within the first year. Cowan Systems will operate as a wholly owned subsidiary, maintaining its current operations and brand.

Schneider National (NYSE: SNDR) has received its 13th SmartWay Excellence Award from the U.S. Environmental Protection Agency (EPA), recognizing its outstanding environmental performance in freight efficiency. The company has made significant progress in sustainability, with its 92 Freightliner eCascadias surpassing 1.5 million zero emission miles and avoiding over 5 million pounds of CO2 emissions.

The company has achieved the highest possible SmartWay Performance Ranking of 1 across its Logistics, Bulk, Intermodal, and Truckload segments. Schneider is already 90% towards its 2025 goal of reducing CO2 emissions by 7.5% per mile and aims for a 60% reduction by 2035. The company is exploring various solutions including renewable natural gas and hydrogen internal combustion engines to further reduce emissions.

Transportation industry veterans have launched Scope23, a technology company focused on measuring and managing carbon emissions in supply chains. The company's flagship product, GreenSight, uses AI and actual shipment-level data to provide carbon reduction strategies. PepsiCo is testing the platform, which captures data points like shipping routes and fueling options to offer specific recommendations. The initiative is receiving initial funding from Schneider National (NYSE: SNDR) and Pilot Company. According to a Boston Consulting Group survey, AI could help reduce 5-10% of global greenhouse gas emissions by 2030.

Schneider National (NYSE: SNDR) has been named a 2024 Top Company for Women to Work in Transportation by Redefining the Road magazine for the sixth consecutive year. The recognition highlights the company's inclusive culture, with women holding 13% of driver roles (double the industry average) and 40% of leadership positions.

The award, validated by over 31,000 transportation professionals, places Schneider among 'The Elite 30' companies. The company offers career progression opportunities, mixed-gender driver training, and mechanic scholarships for women. The Schneider Women's Network, their longest-standing Business Resource Group, focuses on attracting, developing, and retaining female talent.

Schneider National (NYSE: SNDR) reported Q3 2024 results with operating revenues of $1.3 billion, down from $1.4 billion in 2023. Income from operations decreased 8% to $43.1 million, with diluted earnings per share of $0.17. The company updated its full-year adjusted EPS guidance to $0.66-$0.72 and net capital expenditures guidance to approximately $330 million.

Dedicated and Intermodal businesses showed resilience, with Intermodal achieving margin growth through network optimization. However, Network results remained challenged, and auto liability insurance costs increased by $10 million. The company maintained profitable operations in Logistics despite lower brokerage revenue.

Schneider (NYSE: SNDR) has announced its participation in the upcoming Stephens Annual Investment Conference scheduled for Tuesday, November 19, 2024, in Nashville, Tennessee. The company will be represented by Jim Filter, Executive Vice President and Group President of Transportation and Logistics, and Steve Bindas, Director of Investor Relations, who will engage in a series of investor meetings.

Schneider (NYSE: SNDR), a multimodal provider of transportation, intermodal and logistics services, has announced its Board of Directors declared a quarterly cash dividend of $0.095 per share on its Class A and Class B common stock. The dividend will be paid to shareholders of record as of December 13, 2024, with the payment expected on January 8, 2025.

Schneider National, Inc. (NYSE: SNDR) is enhancing its Schneider FreightPower® platform to provide owner-operators with increased access to freight options and improved functionality. The updated platform offers:

• Expanded access to Schneider's diverse freight offerings
• Enhanced features for better planning and fewer deadheads
• Over 95% drop and hook shipments
• Trip planning with road miles information

The platform aims to increase owner-operator productivity and revenue opportunities. Schneider tested the new features with a pilot group to ensure optimal results and create a user-friendly experience. The company sees collaboration with owner-operators as important to its success and reliable customer service.