Schneider National, Inc. - SNDR STOCK NEWS

Schneider National (NYSE: SNDR) has announced a partnership with Canadian Pacific Kansas City (NYSE: CP) to provide intermodal services connecting the upper Midwest U.S. with Mexico. The collaboration aims to enhance intermodal offerings, leveraging Schneider's extensive experience in Mexico and its large intermodal fleet of over 28,000 containers. Schneider plans to double its intermodal size by 2030, and this partnership is expected to deliver efficient, sustainable transportation solutions. The new service will commence in mid-May and is anticipated to improve reliability and capacity for customers' supply chains.

Schneider National (NYSE: SNDR) announces that Erin Van Zeeland, the Chief Commercial Officer and Senior VP, has been honored with the 2023 Distinguished Woman in Logistics Award by the Women in Trucking Association. This prestigious recognition underscores her exceptional leadership and commitment to empowering women in the logistics and transportation sectors. Erin has been pivotal in growing Schneider's logistics segment, which now represents nearly $2 billion in revenue. This accolade reflects Schneider's ongoing efforts to foster diversity, as currently, women hold over 40% of senior leadership roles within the company. Erin's significant contributions to the industry and her role in co-leading the Schneider Women’s Network further demonstrate Schneider's dedication to inclusivity in the workplace.

Frito-Lay North America has made a significant advancement by completing its first-ever third-party shipment using an electric vehicle in partnership with Schneider National. This milestone shipment aims to reduce the company’s Scope 3 emissions, aligning with its goal of achieving net-zero emissions by 2040. The collaboration is expected to reduce emissions by over 70% compared to diesel trucks, equating to eliminating over 180,000 miles driven by gasoline vehicles. The initial routes will be in Southern California, utilizing Schneider's Freightliner eCascadia electric trucks. This initiative is part of Frito-Lay's broader strategy to enhance sustainability in its supply chain, emphasizing the importance of partnerships in achieving environmental goals.

Schneider (NYSE: SNDR) will announce its first quarter 2023 results before market opening on April 27, 2023. A conference call is scheduled for 10:30 a.m. EST on the same day, which can be accessed by dialing 877-451-6152 (U.S.) or 201-389-0879 (international). A replay will be available after the call until May 4th. Schneider is a leading provider of transportation and logistics services with over $6.6 billion in annual revenue, focusing on innovation and customer service. More information can be found on Schneider’s website.

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.