Schneider National Inc., Green Bay, Wis., reported strong financial performance for 2003, achieving steady growth in revenue, according to Chris Lofgren, president and CEO.
Schneider National reported consolidated revenue growth of more than 10%.
"There were many issues that impacted the transportation industry in 2003," Lofgren said. "Along with the rest of the industry, we dealt with tightening capacity, continued increases in fuel and insurance costs, and the need to prepare for changing hours of service regulations. Throughout 2003, Schneider National delivered superior customer service and value while surpassing our growth goals for the year."
Schneider National saw strong performance across its portfolio of services last year, realizing 16% revenue growth in Schneider Brokerage Services and surpassing expectations for Schneider Intermodal with a revenue growth increase of 17%. Schneider National's truckload services posted revenue growth of more than 6%.
Schneider Logistics, a wholly-owned subsidiary of Schneider National, reported a 13% increase in managed freight, while the company's payment service business, Schneider Payment Services, processed more than $7.5 billion in freight bills on behalf of its Fortune 500 customers.
Schneider National reported consolidated revenue growth of more than 10%.
"There were many issues that impacted the transportation industry in 2003," Lofgren said. "Along with the rest of the industry, we dealt with tightening capacity, continued increases in fuel and insurance costs, and the need to prepare for changing hours of service regulations. Throughout 2003, Schneider National delivered superior customer service and value while surpassing our growth goals for the year."
Schneider National saw strong performance across its portfolio of services last year, realizing 16% revenue growth in Schneider Brokerage Services and surpassing expectations for Schneider Intermodal with a revenue growth increase of 17%. Schneider National's truckload services posted revenue growth of more than 6%.
Schneider Logistics, a wholly-owned subsidiary of Schneider National, reported a 13% increase in managed freight, while the company's payment service business, Schneider Payment Services, processed more than $7.5 billion in freight bills on behalf of its Fortune 500 customers.
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