Schneider to provide Mexico to upper Midwest intermodal service on the newly formed CPKC

Rhea-AI Summary

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.

Positive

• Strategic partnership with CPKC expands intermodal service offerings.
• Plans to double intermodal fleet by 2030.
• Enhanced shipping speed and sustainability benefits for customers.
• Intermodal service expected to improve supply chain reliability.

Negative

• None.

Schneider will be a strategic carrier on the CPKC out of Mexico furthering its objective to double intermodal by 2030

GREEN BAY, Wis.--(BUSINESS WIRE)-- Schneider National Inc. (NYSE: SNDR), a premier multimodal provider of trucking, intermodal and logistics services, announced today it will offer customers intermodal service on the newly merged Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) which connects the upper Midwest of the United States and Mexico.

Schneider will be a strategic intermodal carrier on CPKC’s north-south flagship intermodal service between Chicago and all major points in Mexico.

“It is a natural fit to pair CPKC’s rail operating excellence and Schneider’s superior dray execution to provide unparalleled service,” said Schneider President and CEO Mark Rourke. “Our 30-plus years operating in Mexico and broad portfolio of services will bring an intermodal service offering into and out of Mexico that is comparable to the speed and efficiency of shipping over the road, but with the added benefit of sustainability.”

As Schneider helps to grow intermodal offerings between the U.S. and Mexico, it will create more sustainable solutions for shippers. This service adds to the carrier’s already impressive portfolio of capabilities and shipping options— Truckload, Regional, Brokerage, Power Only and more— available to solve its customers’ unique supply chain challenges.

Schneider has one of the largest intermodal fleets in North America, with over 28,000 containers and plans to double the company’s intermodal size by 2030.

“The CPKC combination creates compelling new transportation solutions for Schneider’s current and future customers looking for more reliability and increased capacity in their supply chains,” said Keith Creel, CPKC President and Chief Executive Officer. “Our team is eager to deliver truck-competitive services to Schneider on our newly-created, cross-border single-line network from Mexico into the United States.”

Schneider will begin moving certain freight on CPKC’s railway in mid-May.

About Schneider

Schneider is a premier multi-modal provider of transportation 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 $6.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 88 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.

Source: Schneider SNDR

View source version on businesswire.com: https://www.businesswire.com/news/home/20230420006027/en/

Kara Leiterman, Media Relations Manager

M 920-370-7188

 

Source: Schneider SNDR

FAQ

What new intermodal services is Schneider National offering?

Schneider National is offering new intermodal services connecting the upper Midwest U.S. to Mexico through a partnership with Canadian Pacific Kansas City.

When will Schneider start moving freight on CPKC's railway?

Schneider will begin moving certain freight on CPKC's railway in mid-May.

What is Schneider's plan for intermodal growth by 2030?

Schneider plans to double its intermodal fleet size by 2030.

How many containers does Schneider currently have in its intermodal fleet?

Schneider has over 28,000 containers in its intermodal fleet.

What are the benefits of Schneider's new intermodal service?

The new service is expected to provide faster shipping, improved reliability, and enhanced sustainability for customers.