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Business Summary: Schneider National, Inc. is a transportation and logistics services company. The Company and its subsidiaries provide surface transportation and logistics solutions in North America. The Company operates through three segments: Truckload, Intermodal and Logistics. The Truckload segment provides truckload services primarily focused on freight with consistent routes often based on long-term contracts, Van Network, which consists of irregular routes, and Bulk, which delivers key inputs for manufacturing processes, such as specialty chemicals using specialty trailers. The Intermodal segment provides rail intermodal and drayage services to its customers. Company-owned containers, chassis, and dray tractors are used to provide these transportation services. The Logistics segment provides additional sources of truck capacity, manages transportation-systems analysis requirements for individual customers, and provides transloading and warehousing services.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Schneider National Inc revenues decreased 8% to $1.32B. Net income decreased 81% to $18.5M. Revenues reflect Logistics segment decrease of 15% to $324.9M, Fuel surcharge segment decrease of 13% to $155.9M, Intermodal segment decrease of 7% to $247.2M. Net income also reflects Truckload segment income decrease of 76% to $14.9M, Intermodal segment income decrease of 77% to $7M.