Schneider National reports Q4 EPS 20c, consensus 20c

Reports Q4 revenue $1.3B, consensus $1.36B.”In the second quarter of 2024, signs of seasonality returned to the freight market and were even more evident in the fourth quarter. The year ended positively as carriers continued to exit the market and demand aligned more closely to seasonal expectations,” said Mark Rourke, President and Chief Executive Officer of Schneider. “The fourth quarter reflected the cumulative effects of actions we have taken to expand margins, which resulted in year over year earnings improvement across all our reportable segments for the first time since the second quarter of 2022. Intermodal achieved its second consecutive quarter of year over year earnings growth with continued improvement in volume and revenue per order. Our Dedicated business delivered resilient results through organic fleet growth and continues to have a strong new business pipeline. In December, we successfully completed our third Dedicated acquisition in as many years. Bringing Cowan Systems into our family of companies aligns with our long-term strategic vision to provide customer-centric dedicated solutions as the cornerstone of our Truckload segment and broaden our presence to provide greater value to our customers. As of the end of the year, with the Cowan acquisition, Dedicated represents 70% of our Truckload segment.” “I would like to recognize our associates, particularly our professional drivers, for their unwavering dedication and commitment throughout the year. I would also like to thank our customers and stakeholders for their support. As we look ahead to 2025 and what we believe will be a year of improving freight market conditions, we expect to build on the momentum of the fourth quarter with a focus on restoring margins and positioning the business for through-cycle growth.”