Schneider Files Paperwork Preparing to Go Public
Schneider National Inc. has filed paperwork with the Securities and Exchange Commission in preparation for going public with an initial public stock offering of up to $100 million.


Schneider National Inc. has filed paperwork with the Securities and Exchange Commission in preparation for going public with an initial public stock offering of up to $100 million.
The Wisconsin-based fleet, one of the largest carriers in the U.S. with some 11,000 trucks, intends to use the proceeds for general corporate purposes, including paying off debt, capital expenditures and potential acquisitions.
The number of shares to be offered and the price range have not yet been determined. Schneider said it intends to apply to list its Class B common stock on the New York Stock Exchange under the symbol SNDR.
Founded in 1935, the family-owned company posted revenues of $3.96 billion in 2015 and generated net profits of $140.9 million, according to the Financial Times. The SEC filing indicates that Schneider generated $109.1 million in profits during the first nine months of 2016, up 17% from the same period a year earlier. Revenue during the same period was $2.98 billion, up 1.5% from a year earlier.
Schneider announced in October that it was planning to pursue an IPO in 2017, subject to satisfactory market conditions.
According to a company statement at that time, “the objectives of the planned transaction are to facilitate continuity of controlling ownership of Schneider by the future generations of the Schneider family, while continuing forward with its long-standing, independent, and professional, corporate governance structure.”
More Fleet Management

Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →Can You Beat Our Trucking Trivia Challenge?
Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?
Read More →
BeyondTrucks Adds Rules Checks to Dispatch
New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.
Read More →
Diesel Prices Hijack Trucking’s Worry List
ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.
Read More →
