Schneider National reports Q2 adjusted EPS 45c, consensus 44c

Reports Q2 revenue $1.35B, consensus $1.44B. “The second quarter was a continuation of the well-documented challenges in the freight market, and our efforts to prudently adjust costs and enhance productivity are ongoing,” said Mark Rourke, president and CEO of Schneider. “Our dedicated new business pipeline remains solid with several key accounts onboarding through the end of the year and into 2024. We are now fully aligned with our slate of differentiated and complementary rail partners in our Intermodal business, all of which are delivering favorable service and transit times. Our Logistics business continues to advance enterprise value through its scale, technology, and Power Only offering.”