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Schneider National, Inc. (SNDR) is a premier provider of truckload, logistics, and intermodal services in North America. Established over 80 years ago, Schneider has built a reputation for delivering expert transportation and logistics solutions. With a diverse portfolio of services that include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, integrated delivery, and port logistics, Schneider offers one of the broadest ranges of services in the industry.
Headquartered in Green Bay, Wisconsin, this publicly traded company reports annual revenue of approximately $3.5 billion. Schneider's operations span across the continental United States, Canada, and Mexico, making it a key player in the North American transportation sector. The company is divided into several segments: Truckload, Intermodal, Logistics, and others, with the Truckload segment generating the maximum revenue.
Besides its extensive service offerings, Schneider is known for its innovative solutions and customer-centric approach. The company's recent achievements include expanding its intermodal services and enhancing its supply chain management capabilities. Schneider is constantly working on current projects that aim to improve efficiency and service delivery, ensuring it remains at the forefront of the logistics industry.
Schneider's financial stability and robust partnerships further underline its significance in the market. By leveraging advanced technology and strategic alliances, the company continues to offer reliable and efficient logistics solutions to a broad customer base.
For more detailed information about Schneider National, Inc. and its services, you can visit their official website at www.schneider.com.
Schneider National Inc. (NYSE: SNDR) announced that Erin Van Zeeland, its Chief Commercial Officer, has been recognized as a Top Woman to Watch in Transportation for 2023 by the Women in Trucking Association (WIT). This recognition highlights her significant career accomplishments and contributions to advancing gender diversity in the trucking industry. Erin has spearheaded technological innovations and leads Schneider’s Logistics segment, which generated nearly $2 billion in revenue. Women constitute over 12% of Schneider's drivers and 40% of leadership roles, demonstrating the company's commitment to diversity.
Schneider National reported Q4 2022 results with operating revenues of $1.56 billion, slightly down from $1.57 billion in Q4 2021. For the year, total revenues reached a record $6.6 billion, up 18% year-over-year. However, income from operations fell 19% to $143.3 million in Q4, primarily due to a $5 million loss from the China logistics operations buyout. The diluted earnings per share for Q4 decreased to $0.62, down 17% from $0.75.
Looking ahead, Schneider projects 2023 adjusted EPS between $2.15 and $2.35 and net capital expenditures of $525 to $575 million.
On January 30, 2023, Schneider's Board declared a quarterly cash dividend of $0.09 per share for Class A and Class B common stock, payable on April 10, 2023. Shareholders must be on record by March 10, 2023. Additionally, on January 31, 2023, a new share repurchase program was announced, allowing up to $150 million to be spent on buying back the company's Class A and Class B common stock over three years. This program aims to mitigate the dilutive effects of employee equity grants and reflects the company's capital allocation strategy. Stock repurchases will depend on various factors, including market conditions.
Schneider (NYSE: SNDR) announced its participation in two upcoming investment conferences. The Evercore ISI Travel and Transport Conference will take place on
Schneider (SNDR), a leading provider of transportation and logistics services, recently announced the arrival of its first battery electric vehicle (BEV), the Freightliner eCascadia, in Southern California. This marks a significant step towards establishing one of the largest electric truck fleets in North America. Schneider plans to deploy almost 100 eCascadias, which are expected to be fully operational by the end of 2023. To support this initiative, the company is constructing 16 charging stations. The eCascadias could potentially eliminate over 81,000 pounds of CO2 emissions daily, enhancing Schneider's sustainability goals of reducing per-mile emissions by 7.5% by 2025 and 60% by 2035.
Schneider (NYSE: SNDR) has successfully transitioned its western rail operations to Union Pacific Railroad (NYSE: UNP), creating the largest company driver dray fleet on the rail network. This strategic partnership enhances Schneider’s intermodal services, providing more coast-to-coast connections and access to additional rail lanes. The seamless transition, which did not disrupt customer service, is part of Schneider's goal to double its intermodal size by 2030 and improve sustainability. The collaboration aims to optimize operations, reduce emissions, and enhance service reliability for customers.
Schneider (NYSE: SNDR) will report its fourth quarter 2022 results pre-market on February 2, 2023. A conference call will follow at 10:30 a.m. ET for discussions on the results. Access is available via phone and a live webcast on the Investor Relations section of Schneider's website. Schneider offers a broad portfolio of transportation and logistics services, generating $5.6 billion in annual revenue, with a focus on innovation and superior customer experiences.
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