Schneider National, Inc. - SNDR STOCK NEWS

Schneider National (NYSE: SNDR) is addressing the growing demand for refrigerated transportation as more Americans opt for home cooking to save money and eat healthier. According to the National Frozen & Refrigerated Foods Association, refrigeration sales have increased by 32% over the past five years, with nearly 64% of adults saving money by eating at home.

Schneider, one of the largest temperature-controlled carriers, offers specialized trailers, real-time monitoring, and a dedicated team of experts to ensure 'on time and on temp' delivery. The company's Center of Excellence provides 24/7 support for refrigerated freight. Schneider's commitment to sustainability includes operating one of the most efficient fleets in the country, with technologies that reduce fuel usage in cooling trailers.

Schneider National (NYSE: SNDR), a leading multimodal transportation and logistics services provider, has announced its participation in the Morgan Stanley 12th Annual Laguna Conference on Wednesday, Sept 11, 2024. Darrell Campbell, Executive Vice President and CFO, and Steve Bindas, Director of Investor Relations, will engage in a fireside chat and investor discussions.

The fireside chat is scheduled to begin at 11:45 a.m. Eastern Time. Investors can access a webcast of the event on Schneider's Investor Relations website (investors.schneider.com) for a time after the conference. This participation underscores Schneider's commitment to engaging with investors and sharing insights into its business operations and strategy.

Schneider National (NYSE: SNDR) driver Greg Swift has achieved an extraordinary milestone of five million miles without a preventable accident. Swift is only the third driver in Schneider's nearly 90-year history to reach this feat. The company is celebrating his achievement with a parade, Sound the Horn celebration, and a $10,000 bonus.

Swift began his career with Schneider 33 years ago and currently drives a dedicated route for Georgia-Pacific. His journey highlights the industry's evolution from paper maps to advanced GPS and collision mitigation systems. Swift attributes his success to Schneider's commitment to safety and equipment quality.

Schneider President and CEO Mark Rourke praised Swift's dedication to safety and customer service, emphasizing the importance of professional drivers in the company's success. Swift's advice to new drivers is to plan ahead and manage time efficiently.

Schneider National, Inc. (NYSE: SNDR) reported its Q2 2024 results, showing operating revenues of $1.3 billion, down 2% from 2023. Income from operations decreased 51% to $51.0 million, while diluted earnings per share fell 53% to $0.20. The company updated its full-year guidance, lowering adjusted diluted EPS to $0.80 - $0.90 and net capital expenditures to $300 - $350 million. Despite challenging market conditions, Schneider saw progress towards market equilibrium and improved performance across its Truckload, Intermodal, and Logistics segments. The company maintained pricing discipline in a competitive bid season but noted that rate improvements were below expectations. Schneider's focus on cost containment and asset efficiency contributed to sequentially improved performance.

Schneider (NYSE: SNDR), a leading multimodal transportation and logistics services provider, has announced a quarterly cash dividend of $0.095 per share on its Class A and Class B common stock. The dividend was declared by the Board of Directors on July 29, 2024, and is payable to shareholders of record as of September 13, 2024. The payment is expected to be made on October 8, 2024. This announcement demonstrates Schneider's commitment to providing regular returns to its shareholders and reflects the company's financial stability in the competitive transportation and logistics sector.

Schneider National, Inc. (NYSE: SNDR) is leveraging its 32-year experience in Mexico to help shippers capitalize on the growing nearshoring trend. In the first half of 2023, foreign direct investment related to nearshoring in Mexico increased by 47%. Schneider's recent office relocation to Mexico City's Polanco District enhances customer engagement.

The company offers diverse transportation solutions, including Intermodal, Van Truckload, Dedicated, Expedited, Bulk, and Brokerage services. Schneider's strategic partnership with CPKC on their north-south route has expanded cross-border capabilities, providing faster transit times, increased reliability, and enhanced security.

Schneider's intermodal services also offer environmental benefits, with rail freight transportation saving approximately 3,400 pounds of CO2 emissions and 157 intermodal gallons per trip compared to over-the-road routes.

Schneider National (NYSE: SNDR), a leading provider of transportation, intermodal, and logistics services, will release its second quarter 2024 financial results on August 1, 2024, before the market opens.

A conference call to discuss the results is scheduled for 10:30 a.m. Eastern Time the same day.

Investors can dial in using toll-free number 888-660-6621 or 646-960-0589 with conference ID 7923455. A live webcast of the call and the current quarterly investor presentation will also be available on the Investor Relations section of Schneider's website.

Schneider National (NYSE: SNDR) has been named the PepsiCo Asset Sustainability Carrier of the Year for the third year in a row, recognizing its commitment to sustainable transportation and support for PepsiCo's environmental goals.

Schneider has been a key partner to PepsiCo for over 20 years, and became the first third-party carrier to transport zero-emission shipments for PepsiCo globally last year. Since then, Schneider has completed nearly 800 shipments using its battery electric vehicle (BEV) fleet in Southern California.

Schneider's BEV fleet, which includes 92 Freightliner eCascadias and two Lonestar S22 electric tractors, has surpassed 4 million zero-emission miles. The company also opened a large-scale charging depot in South El Monte, California, capable of charging 32 trucks simultaneously. Schneider is 90% of the way to its 2025 goal of reducing CO2 emissions by 7.5% per mile, aiming for a 60% reduction by 2035.

Schneider National, a leading multimodal transportation and logistics provider, published its 2023 Corporate Responsibility Report, highlighting significant progress in sustainability and corporate responsibility. The company aims to reduce CO2 emissions by 7.5% per mile by 2025 and achieve net-zero status in company-owned facilities by 2035. Notable advancements include a 7% reduction in emissions per mile, nearing its 2025 goal, and the operation of one of North America's largest battery electric vehicle (BEV) fleets. Schneider's BEVs have helped clients like PepsiCo and Goodyear reduce their emissions. The company also reported above industry average representation of women among its drivers (13%) and increased workforce diversity (45%).