Schneider National Inc. has reported strong operational performance for 2002, attributing its success to a continued focus on lowering costs and improving processes across the organization.
Schneider National achieved 130% of its 2002 cost reduction effort targets. Additional highlights of the year's successes include record revenue growth of more than 12% as a direct result of its portfolio of services, significant driver capacity increases and continued positive safety performance results.
Schneider National set a number of corporate performance records in 2002, including a net addition of 1,257 drivers --200 of whom were team drivers -- to support Schneider National's rapidly growing Expedited-Team service.
"Despite a challenging economic and industry climate, Schneider National achieved record growth in 2002 as a result of process improvements and aggressive cost-control measures in response to rising industry costs," said Chris Lofgren, president and CEO of Schneider National.
Across the portfolio, business grew at an unprecedented pace, including 19 percent at Schneider Intermodal. Additionally, Schneider Logistics -- a wholly owned subsidiary of Schneider National -- reported revenue growth of 27.4%, a 28% increase in purchased transportation, and 15% growth in managed shipments.
In its first full year of operation, Schneider Logistics' collaborative transportation procurement product, SUMIT CVA (combined value auction), helped shippers save more than $28 million in long-term freight contracts.
"Our industry and our company continues to face increasing costs such as fuel, engine legislation, and insurance," Lofgren added. "But through innovation, service excellence, and customer focus, Schneider National remains committed to creating value for our customers and being an integral part of their supply chains."
For more information about Schneider National, visit www.schneider.com, or call (800) 558-6767.
Schneider National achieved 130% of its 2002 cost reduction effort targets. Additional highlights of the year's successes include record revenue growth of more than 12% as a direct result of its portfolio of services, significant driver capacity increases and continued positive safety performance results.
Schneider National set a number of corporate performance records in 2002, including a net addition of 1,257 drivers --200 of whom were team drivers -- to support Schneider National's rapidly growing Expedited-Team service.
"Despite a challenging economic and industry climate, Schneider National achieved record growth in 2002 as a result of process improvements and aggressive cost-control measures in response to rising industry costs," said Chris Lofgren, president and CEO of Schneider National.
Across the portfolio, business grew at an unprecedented pace, including 19 percent at Schneider Intermodal. Additionally, Schneider Logistics -- a wholly owned subsidiary of Schneider National -- reported revenue growth of 27.4%, a 28% increase in purchased transportation, and 15% growth in managed shipments.
In its first full year of operation, Schneider Logistics' collaborative transportation procurement product, SUMIT CVA (combined value auction), helped shippers save more than $28 million in long-term freight contracts.
"Our industry and our company continues to face increasing costs such as fuel, engine legislation, and insurance," Lofgren added. "But through innovation, service excellence, and customer focus, Schneider National remains committed to creating value for our customers and being an integral part of their supply chains."
For more information about Schneider National, visit www.schneider.com, or call (800) 558-6767.
media brand
0 Comments
See all comments