Welcome to our dedicated page for Schneider Nation news (Ticker: SNDR), a resource for investors and traders seeking the latest updates and insights on Schneider Nation stock.
Schneider Nation (SNDR) delivers essential transportation and logistics solutions across North America through truckload, intermodal, and supply chain management services. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives.
Access official press releases and curated analysis covering earnings reports, leadership updates, and sustainability efforts like the Scope23 decarbonization platform. Our repository simplifies tracking of key events including service expansions, technology integrations, and market positioning moves.
Discover updates across three core areas: financial performance (quarterly results, investor communications), operational developments (new routes, technology deployments), and industry leadership (sustainability benchmarks, partnership announcements). Bookmark this page for streamlined monitoring of SNDR's evolving role in modern freight solutions.
Schneider National reported Q4 2022 results with operating revenues of $1.56 billion, slightly down from $1.57 billion in Q4 2021. For the year, total revenues reached a record $6.6 billion, up 18% year-over-year. However, income from operations fell 19% to $143.3 million in Q4, primarily due to a $5 million loss from the China logistics operations buyout. The diluted earnings per share for Q4 decreased to $0.62, down 17% from $0.75.
Looking ahead, Schneider projects 2023 adjusted EPS between $2.15 and $2.35 and net capital expenditures of $525 to $575 million.
On January 30, 2023, Schneider's Board declared a quarterly cash dividend of $0.09 per share for Class A and Class B common stock, payable on April 10, 2023. Shareholders must be on record by March 10, 2023. Additionally, on January 31, 2023, a new share repurchase program was announced, allowing up to $150 million to be spent on buying back the company's Class A and Class B common stock over three years. This program aims to mitigate the dilutive effects of employee equity grants and reflects the company's capital allocation strategy. Stock repurchases will depend on various factors, including market conditions.
Schneider (NYSE: SNDR) announced its participation in two upcoming investment conferences. The Evercore ISI Travel and Transport Conference will take place on
Schneider (SNDR), a leading provider of transportation and logistics services, recently announced the arrival of its first battery electric vehicle (BEV), the Freightliner eCascadia, in Southern California. This marks a significant step towards establishing one of the largest electric truck fleets in North America. Schneider plans to deploy almost 100 eCascadias, which are expected to be fully operational by the end of 2023. To support this initiative, the company is constructing 16 charging stations. The eCascadias could potentially eliminate over 81,000 pounds of CO2 emissions daily, enhancing Schneider's sustainability goals of reducing per-mile emissions by 7.5% by 2025 and 60% by 2035.
Schneider (NYSE: SNDR) has successfully transitioned its western rail operations to Union Pacific Railroad (NYSE: UNP), creating the largest company driver dray fleet on the rail network. This strategic partnership enhances Schneider’s intermodal services, providing more coast-to-coast connections and access to additional rail lanes. The seamless transition, which did not disrupt customer service, is part of Schneider's goal to double its intermodal size by 2030 and improve sustainability. The collaboration aims to optimize operations, reduce emissions, and enhance service reliability for customers.
Schneider (NYSE: SNDR) will report its fourth quarter 2022 results pre-market on February 2, 2023. A conference call will follow at 10:30 a.m. ET for discussions on the results. Access is available via phone and a live webcast on the Investor Relations section of Schneider's website. Schneider offers a broad portfolio of transportation and logistics services, generating $5.6 billion in annual revenue, with a focus on innovation and superior customer experiences.
Schneider (NYSE: SNDR) is set to take delivery of nearly 100 Class 8 battery-electric vehicles (BEVs) for its operations in Southern California. This includes the first Freightliner eCascadia from Daimler Truck North America, expanding Schneider's electric fleet to one of the largest in North America. The company aims to reduce CO2 emissions per mile by 7.5% by 2025, with the new BEVs expected to avoid over 81,000 pounds of CO2 emissions daily. Schneider has already achieved a 5% reduction towards this goal.
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