Latest news with #MarkRourke
Yahoo
5 hours ago
- Business
- Yahoo
Schneider National not yet choosing sides on potential changes in railroad landscape
Management from Schneider National said Thursday it is still contemplating how a Union Pacific–Norfolk Southern merger could impact its $1 billion-plus intermodal offering. Schneider moved from the BNSF Railway (NYSE: BRK.B) to the UP for Western rail service in 2023. The same year, it inked a deal for North-South service with the CPKC (NYSE: CP). UP's (NYSE: UNP) $85 billion bid for Norfolk Southern (NYSE: NSC) would create a transcontinental railroad, likely redrawing North America's intermodal trade lanes. But not all parties potentially impacted by the deal are ready to pick sides yet. 'We're pro-competition and we're pro-customer, and to the degree that any of this helps us achieve those, then that's kind of where we'll come down,' Schneider President and CEO Mark Rourke told analysts on a Thursday call. 'We don't have enough information at this time to take an official position.' Schneider (NYSE: SNDR) reported second-quarter adjusted earnings per share of 21 cents on Thursday before the market opened. The result was 1 cent ahead of analysts' expectations and level with the year-ago quarter. Consolidated revenue of $1.42 billion was 8% higher y/y and slightly ahead of consensus. (The adjusted EPS number excluded 1 cent per share in acquisition-related amortization expenses.) The company trimmed the top end of its full-year 2025 EPS guidance by 5 cents to a new range of 75 cents to 95 cents. The new guide bracketed the consensus estimate of 84 cents at the time of the print. Schneider generated EPS of 69 cents last year. (Schneider's initial 2025 outlook contemplated EPS of 90 cents to $1.20). Q2 produces modest improvements Revenue in the company's truckload segment increased 15% y/y to $622 million as average trucks in service stepped 15% higher and revenue per truck per week was up slightly. The y/y revenue increase was driven by the December acquisition of Cowan Systems. The dedicated fleet saw no change in revenue per truck per week while the one-way fleet reported a 1% increase in the metric. Combined, the TL unit again saw low- to mid-single-digit rate increases in the quarter. The TL unit's operating ratio improved 70 basis points y/y to 93.6%. Utilization improvement initiatives and an enterprise-wide cost reduction program totaling $40 million helped drive the result. Also, a modest increase in gains on equipment sales was a tailwind in the period. Intermodal revenue increased 5% y/y to $265 million. Loads were up by a similar percentage while revenue per load was flat. The company is roughly 75% through its bid season and rates accompanying volume awards have largely been flat. However, peak season surcharges have already been implemented (roughly six to eight weeks early) at most of its large accounts. The segment reported a 93.9% OR, which was 30 bps better y/y. Average turns per container improved 6% y/y. Schneider's logistics segment saw a 7% y/y revenue increase to $340 million. Both lower volumes and yields partially offset the increase from the Cowan acquisition. The unit reported a 97.7% OR, 120 bps worse y/y. Cowan's brokerage business will be rolled under the Schneider Logistics banner in October. Shares of SNDR were off 0.4% at 12:14 p.m. EDT on Thursday compared to the S&P 500, which was up 0.6%. More FreightWaves articles by Todd Maiden: ArcBest's efficiency initiatives helping offset soft demand Old Dominion not changing course as downturn lingers Landstar reports trucking revenue growth for first time in nearly 3 years The post Schneider National not yet choosing sides on potential changes in railroad landscape appeared first on FreightWaves. Sign in to access your portfolio
Business Wire
18-06-2025
- Automotive
- Business Wire
Schneider recognizes over 200 drivers for outstanding commitment to safety
GREEN BAY, Wis.--(BUSINESS WIRE)--Safety isn't just a priority at Schneider; it's the cornerstone of the company's culture and operations. Today, Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, celebrates 220 drivers who have achieved unparalleled safety milestones, exemplifying its core value of Safety First and Always. Schneider drivers cumulatively travel over 9 million freight miles every day, ensuring essential goods are delivered across the country. What makes these journeys truly remarkable is the commitment to safety that company drivers demonstrate day in and day out. Their dedication has enabled Schneider to achieve significant reductions in United States Department of Transportation reportable accidents, attaining an all-time low accident frequency in 2024 and showcasing its safety leadership within the industry. Honoring extraordinary achievements This year, the transportation leader proudly recognizes and rewards the exceptional contributions of its drivers who have helped keep the roads safe: 98 drivers received the Consecutive Safe Driving Award, celebrating 10 or more consecutive years without a preventable accident or significant lost-time injury. 92 drivers earned the Million Mile Award for transporting freight over 1 million miles accident-free. Five drivers reached the incredible milestone of 4 million safe miles. Greg Swift became only the third driver in Schneider history to reach 5 million safe miles. 30 drivers were inducted into the prestigious Haul of Fame on June 12, honoring those with 3 million safe driving miles or 20 consecutive years of accident-free driving. With this year's class, the Haul of Fame now includes 435 total inductees. To permanently honor the recipients, plaques displaying their names are installed on the Haul of Fame wall at the company's headquarters in Green Bay, Wisconsin. 'These achievements represent more than just milestones — they highlight the strong commitment of Schneider drivers who continually set the standard for safety in our industry,' said Schneider President and CEO Mark Rourke. 'Their professionalism and focus on safe operations, every mile and every day for decades, are what truly set them apart.' Setting the safety culture Schneider attributes its safety success to its culture that empowers drivers, provides rigorous training at every stage of their career and includes cutting-edge technology. More specifically, the company has raised the bar with an industry-leading approach to: Fostering safety-centric values Schneider's all-time low accident frequency is, in part, the result of a company culture that empowers drivers to make safe choices. Equipment and training are extremely important, but it's the day-to-day interactions and actions that help make a difference as well. From leaders, to drivers, to maintenance technicians, Schneider has a consistent, values-driven approach to operating safely. Ongoing training Hands-on onboarding, safety analytics and innovative virtual reality tools help prepare drivers to handle challenging scenarios with confidence. Schneider believes learning is a lifelong endeavor, so whether a driver is new or has years of experience, they receive ongoing training. Advanced technology Schneider equips trucks with features like collision mitigation sensors, speed limiters, side guard assist for blind spots and lane departure warnings. Taken together, these innovations can help create a safer experience for drivers and the public alike. To learn more about Schneider's dedication to safety, visit Safety First and Always | Schneider. 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. Schneider has been safely delivering superior customer experiences and investing in innovation for 90 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 or follow the company socially on Facebook, LinkedIn and X: @WeAreSchneider. Source: Schneider SNDR
Yahoo
12-06-2025
- Automotive
- Yahoo
Schneider National celebrates 90th birthday with commemorative event in Green Bay
GREEN BAY, Wis. (WFRV) – Founded in 1935, Schneider National has grown plenty over the past 90 years, and on Thursday at its Green Bay headquarters, the transportation and logistics company celebrated that growth for its birthday. While it began with one man and one truck, the company now employs over 19,000 people and operates nearly 15,000 trucks. Schneider's 90th birthday celebration kicked off with a 10:30 a.m. arrival of some of its 'Haul of Fame' drivers to kick off the celebration. Oshkosh Defense secures contract extension with Army for Family of Medium Tactical Vehicles A2 The classic 'Omaha Orange' became a staple of the company in 1944 when Al Schneider, the company's founder, painted the truck, and now they're all over. The company's birthday party on Thursday also provided a glimpse into their history, along with ideas for the future, including a focus on investing in cross-border services, especially in Mexico, where they have an office. TSA offers tips for navigating Appleton International Airport during busy summer travel season 'We're not just celebrating our past — we're accelerating into the future,' President and CEO Mark Rourke said via a release. 'Our strong foundation in service, safety and operational excellence, paired with our associates and an openness to change anything but our values, ensures we'll continue to set the standard for decades to come.' The event inducted 30 new drivers into the 'Haul of Fame,' which recognizes at truckers who have traveled at least 3 million safe miles or 20 consecutive years without a preventable accident. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
12-06-2025
- Business
- Yahoo
Schneider celebrates 90 years of bold innovation, growth and industry leadership
Company hosts anniversary event today honoring legacy and looking ahead GREEN BAY, Wis., June 12, 2025--(BUSINESS WIRE)--From a single truck in 1935 to a premier multimodal provider of transportation, logistics and intermodal services, Schneider National, Inc. (NYSE: SNDR), celebrates 90 years of bold evolution, resilience and service excellence. Today, June 12, the company is marking this milestone with a special event at its Green Bay headquarters honoring its rich history, the people who have driven its success, and its promising future. Founded by Al Schneider with a vision to build something extraordinary, the company has grown into a multimodal powerhouse with 19,400 associates and 12,500 trucks, logging over 9 million freight miles daily — the equivalent of circling the globe 370 times. "Reaching 90 years is a remarkable achievement and a testament to the dedication of our current and former associates," said Schneider President and CEO Mark Rourke. "From Al Schneider's first delivery to our nearly 14,000 company drivers today, our story is one of innovation, adaptability, and a steadfast commitment to providing safe and reliable service to our customers." A Legacy of Firsts Schneider has repeatedly reshaped the supply chain through industry-defining advancements: 1958: Schneider secured its first interstate authority, expanding beyond Wisconsin and laying the groundwork for a national footprint. 1980: Schneider successfully navigates deregulation after the Motor Carrier Act is passed. 1982: Schneider Communications, Inc. is formed to provide drivers long-distance telephone service. 1986: The company revolutionized trucking by becoming the first to equip its fleet with two-way in-cab satellite communication, eliminating the need for drivers to stop and use pay phones for assignments. 1991: Recognizing the growing need for diversified transportation services, Schneider launched its Intermodal operations. 1992: Mexico City office opens to serve cross-border customers. 1993: Building on its commitment to providing end-to-end supply chain solutions, Schneider founded Schneider Logistics, Inc. 2001: Schneider Brokerage started. 2017: Schneider went public, unlocking new opportunities for innovation and growth. 2020: Schneider FreightPower® portal for shippers, carriers and owner-operators launches. 2022: Schneider acquires Midwest Logistics Systems. 2023: Schneider becomes the first major carrier to fully operationalize a battery electric fleet in California; The Grove Innovation Center opens in Green Bay; M&M Transport Services is acquired. 2024: Schneider acquires Cowan Systems, significantly expanding Dedicated services to nearly 8,600 trucks. The company establishes a preferred rail partnership with recently formed CPKC. 2025: Schneider celebrates its 90th anniversary. Honoring Excellence Today's event includes the induction of 30 new drivers to Schneider's Haul of Fame, a special recognition for those who have achieved at least 3 million safe driving miles or 20 consecutive years without a preventable accident. For the first time in company history, five company drivers will receive their 4 million safe mile awards in the same year, and one driver achieved 5 million safe miles. There are only 435 drivers who have earned a plaque on the Haul of Fame wall, which underscores what a rare achievement it is and how important it is in Schneider's deep-rooted culture of safety. Driving the Future As Schneider looks ahead, it continues to invest in strategic growth areas, including intermodal and cross-border services, particularly in Mexico, as well as further organic and acquisitive growth in Dedicated services. The company remains focused on delivering innovative, customer-centric solutions that meet the evolving demands of the global supply chain. "We're not just celebrating our past — we're accelerating into the future," said Rourke. "Our strong foundation in service, safety and operational excellence, paired with our associates and an openness to change anything but our values, ensures we'll continue to set the standard for decades to come." Note to Media: Video, soundbite with Executive Vice President and Group President of Transportation and Logistics Jim Filter and photos are available for download at: 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. Schneider has been safely delivering superior customer experiences and investing in innovation for 90 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 or follow the company socially on Facebook, LinkedIn and X: @WeAreSchneider. Source: Schneider SNDR View source version on Contacts Kara Leiterman, Public Relations ManagerM 920-370-7188media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-06-2025
- Business
- Business Wire
Schneider celebrates 90 years of bold innovation, growth and industry leadership
GREEN BAY, Wis.--(BUSINESS WIRE)--From a single truck in 1935 to a premier multimodal provider of transportation, logistics and intermodal services, Schneider National, Inc. (NYSE: SNDR), celebrates 90 years of bold evolution, resilience and service excellence. Today, June 12, the company is marking this milestone with a special event at its Green Bay headquarters honoring its rich history, the people who have driven its success, and its promising future. Founded by Al Schneider with a vision to build something extraordinary, the company has grown into a multimodal powerhouse with 19,400 associates and 12,500 trucks, logging over 9 million freight miles daily — the equivalent of circling the globe 370 times. 'Reaching 90 years is a remarkable achievement and a testament to the dedication of our current and former associates,' said Schneider President and CEO Mark Rourke. 'From Al Schneider's first delivery to our nearly 14,000 company drivers today, our story is one of innovation, adaptability, and a steadfast commitment to providing safe and reliable service to our customers.' A Legacy of Firsts Schneider has repeatedly reshaped the supply chain through industry-defining advancements: 1958: Schneider secured its first interstate authority, expanding beyond Wisconsin and laying the groundwork for a national footprint. 1980: Schneider successfully navigates deregulation after the Motor Carrier Act is passed. 1982: Schneider Communications, Inc. is formed to provide drivers long-distance telephone service. 1986: The company revolutionized trucking by becoming the first to equip its fleet with two-way in-cab satellite communication, eliminating the need for drivers to stop and use pay phones for assignments. 1991: Recognizing the growing need for diversified transportation services, Schneider launched its Intermodal operations. 1992: Mexico City office opens to serve cross-border customers. 1993: Building on its commitment to providing end-to-end supply chain solutions, Schneider founded Schneider Logistics, Inc. 2001: Schneider Brokerage started. 2017: Schneider went public, unlocking new opportunities for innovation and growth. 2020: Schneider FreightPower® portal for shippers, carriers and owner-operators launches. 2022: Schneider acquires Midwest Logistics Systems. 2023: Schneider becomes the first major carrier to fully operationalize a battery electric fleet in California; The Grove Innovation Center opens in Green Bay; M&M Transport Services is acquired. 2024: Schneider acquires Cowan Systems, significantly expanding Dedicated services to nearly 8,600 trucks. The company establishes a preferred rail partnership with recently formed CPKC. 2025: Schneider celebrates its 90 th anniversary. Honoring Excellence Today's event includes the induction of 30 new drivers to Schneider's Haul of Fame, a special recognition for those who have achieved at least 3 million safe driving miles or 20 consecutive years without a preventable accident. For the first time in company history, five company drivers will receive their 4 million safe mile awards in the same year, and one driver achieved 5 million safe miles. There are only 435 drivers who have earned a plaque on the Haul of Fame wall, which underscores what a rare achievement it is and how important it is in Schneider's deep-rooted culture of safety. Driving the Future As Schneider looks ahead, it continues to invest in strategic growth areas, including intermodal and cross-border services, particularly in Mexico, as well as further organic and acquisitive growth in Dedicated services. The company remains focused on delivering innovative, customer-centric solutions that meet the evolving demands of the global supply chain. 'We're not just celebrating our past — we're accelerating into the future,' said Rourke. 'Our strong foundation in service, safety and operational excellence, paired with our associates and an openness to change anything but our values, ensures we'll continue to set the standard for decades to come.' 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. Schneider has been safely delivering superior customer experiences and investing in innovation for 90 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 or follow the company socially on Facebook, LinkedIn and X: @WeAreSchneider. Source: Schneider SNDR
