Five years after initial public offering, growth drives Schneider forward

Rhea-AI Summary

On April 6, 2022, Schneider (NYSE: SNDR) celebrated five years since its IPO, highlighting significant growth, with Logistics and Intermodal revenues doubling and accounting for nearly half of its earnings. The company has invested in technology, including Schneider FreightPower®, enhancing its multimodal platform. Additionally, Schneider expanded its Dedicated customer base, notably acquiring Midwest Logistics Systems in late 2021. With over $5.6 billion in annual revenue, Schneider aims to bolster its diverse transportation and logistics services while delivering value to shareholders.

Positive

• Logistics and Intermodal revenues have doubled since the IPO, now representing nearly half of enterprise earnings.
• Investment in technology, such as Schneider FreightPower®, improves capacity access and operational efficiency.
• Expansion in Dedicated customer segment with the acquisition of Midwest Logistics Systems.

Negative

• None.

GREEN BAY, Wis., April 6, 2022 /PRNewswire/ -- On the heels of the most profitable year in company history, Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is celebrating the fifth anniversary of its initial public offering (IPO).

Since the IPO five years ago, Logistics and Intermodal revenues have doubled and in 2021 these segments represented nearly half of enterprise earnings. Schneider has also increased its investments in industry-leading technology, such as Schneider FreightPower®, an online marketplace that seamlessly gives shippers instant access to reliable capacity and connects carriers to quality freight. Innovation investments are a key component of the company's strategy to further build a multimodal transportation platform of scale.

In addition, the company has significantly expanded its footprint in serving Dedicated customers, including acquisitive growth with the addition of Midwest Logistics Systems (MLS) at the end of 2021.

 "As I look back over the last five years, I am proud of all the accomplishments we have made across our enterprise," said Schneider President and CEO Mark Rourke. "I am even more excited about the path ahead as we continue to build the most diverse and resilient transportation and logistics platform and deliver value to our customers and shareholders."

To invest and learn more about Schneider, go to investors.schneider.com.

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.

With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 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 Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Contact
Kara Leiterman, Media Relations Manager
M 920-370-7188
leitermank@schneider.com
schneider.com/news

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SOURCE Schneider SNDR

FAQ

What significant growth has Schneider (SNDR) achieved since its IPO?

Since its IPO five years ago, Schneider's Logistics and Intermodal revenues have doubled, making up nearly half of the company's earnings.

How has Schneider (SNDR) invested in technology recently?

Schneider has invested in industry-leading technology, including Schneider FreightPower®, a digital marketplace that connects shippers with reliable freight capacity.

What acquisition did Schneider (SNDR) make in its Dedicated customer segment?

In late 2021, Schneider acquired Midwest Logistics Systems, enhancing its footprint in the Dedicated customer segment.

What is Schneider's (SNDR) annual revenue?

Schneider has reported annual revenues of over $5.6 billion.

What does Schneider (SNDR) aim to achieve for its customers and shareholders?

Schneider aims to build a diverse and resilient transportation and logistics platform while delivering value to customers and shareholders.