Earnings Watch: Schneider Profit Rises 5.2%
Trucking, intermodal and logistics services provider Schneider National Inc. on Tuesday reported its second quarter profit increased 5.2% from a year earlier while revenue improved 8.1%.

Trucking, intermodal and logistics services provider Schneider National Inc. on Aug. 1 reported that its second quarter profit increased 5.2% from a year earlier while revenue improved 8.1%.
Net income totaled $46.5 million as earnings per share fell to 27 cents from 28 cents. Adjusted earnings totaled 23 cents per share, meeting Wall Street expectations.
The increase in revenue to $1.075 billion was largely attributed to the June 2016 acquisitions of carriers Watkins & Shepard and Lodeso, higher fuel surcharge revenue, brokerage growth, and revenue generated from the company's equipment leasing business
“We are pleased with our performance in the second quarter and reported overall results that were in line with what we had expected across all three of our businesses, including a number of key customer wins that we anticipate will help set the stage for our results in the second half of 2017,” said Chris Lofgren, CEO.
Schneider’s truckload segment reported revenue excluding fuel surcharge of $543 million, a 4.5% improvement from a year earlier while income from operations fell 13.7% to $53.2 million.
Inflationary driver costs and lower gain on sale of equipment due to the continued weakness in the used equipment market were partially offset by earnings improvements from effective fleet sizing, freight selection, and improving market conditions throughout the quarter, according to the company.
Intermodal segment revenue minus fuel surcharges increased 3.8% to $194.3 million while income from operations decreased 17.7% to $11.2 million.
The hike in Intermodal revenue minus fuel surcharges was due to a 10.6% increase in intermodal volume partially offset by a 6.2% decrease in revenue per order, according to Schneider. Intermodal revenue per order was $1,858, a decrease of $123 compared to second quarter 2016 due to growth in the East and Intra-West, which have shorter lengths of haul, and the continued competitive pricing environment.
Schneider’s logistics segment saw revenue excluding fuel surcharge increase 7.2% to $191.8 million while income from operations fell 18.6% to $6.6 million.
The increase in logistics revenue was primarily due to growth in the company’s brokerage business, which made up 73% of the operation in the quarter compared to 72% a year earlier.
Despite the growth in brokerage volume, market conditions resulted in increased third party transportation costs compared to second quarter 2016 as evidenced by a decline in gross margin, according to Schneider.
Looking ahead, Lofgren said market pressures in the first quarter of the year continued into the second quarter. However, in June, indications of an improving market began to appear.
“July is always a challenging month, so we will have a better read by mid-August, but we are cautiously optimistic that the market will see strengthening in the second half of 2017,” he said. “The market improvement, our efforts to increase driver capacity, new dedicated contracts, and our ongoing revenue management work positions us well for the second half of 2017.”
The company anticipates full year 2017 adjusted diluted earnings per share in the range of 94 cents to $1.02, which includes the impact of increased share count from the company's initial public offering of shares.
More Fleet Management

What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →
Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →How Waste Connections is Using Data, Telematics, and AI
How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.
Read More →

