Schneider National Reports Strong 2003
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 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.
More Drivers
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 →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
Truck Drivers Need More Than Another Alert
Fleets have more visibility into truck health, safety events, and driver activity than ever. The next challenge is turning all that information into useful guidance for the person who has to decide what to do next.
Read More →
FMCSA Removes 110 Truck Driver Training Schools from Certified ELDT List
Federal regulators also are targeting more than 160 additional training providers and launching a nationwide audit of third-party CDL skills testers as part of a broader crackdown on trucking fraud.
Read More →
Hours of Service Pilot Programs: FMCSA Readies for 2027 Rollout
Two pilot programs could eventually reshape hours-of-service rules, giving truck drivers options to pause their 14-hour clock or use longer split sleeper rest periods.
Read More →