Schneider National, Inc.
Schneider National, Inc. is a U.S.-based transportation and logistics company organized around truckload, intermodal, and logistics services. Through its operating subsidiaries, it moves freight across North America, with service coverage in the United States, Canada, and Mexico.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueAsset-based dry van and specialty truckload services, including network and dedicated operations.
Rail-based container transportation supported by company-owned drayage and rail relationships.
Asset-light brokerage, supply chain management, warehousing, and import/export services.
Customized fleet and route solutions for customers with recurring transportation needs.
Products
Reported · share of revenue- Transportation92.4 %
- Other3.8 %
- Logistics Management3.8 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Schneider serves a broad base of shippers across retail, food and beverage, manufacturing, and other industrial end markets. Its customer mix includes large enterprise accounts, including many Fortune 500 companies, as well as smaller shippers that buy capacity, network coverage, and supply-chain management services.
Buy integrated truckload, intermodal, and logistics services for broad North American networks
Use dedicated and specialty delivery solutions for store replenishment and distribution
Use customized delivery and logistics services for time-sensitive freight flows
Buy truckload, intermodal, and brokerage services to move inbound and outbound freight
Outsource third-party freight management, brokerage, and warehousing functions
Strategy
Schneider’s strategy centers on integrated multimodal service, using truckload, intermodal, and logistics together to deepen customer relationships and improve network flexibility. The company is also investing in technology, data science, and AI to improve load matching, resource utilization, and customer-facing tools such as FreightPower®.
Customers value one provider that can combine truckload, intermodal, and logistics capacity
Load matching, routing, and capacity utilization are central to service quality and cost control
Recurring customer contracts and customized fleets can deepen relationships and stabilize utilization
Fleet, equipment, and technology require ongoing investment to stay competitive
Geography
Schneider’s business is concentrated in North America, with freight moving across the United States, Canada, and Mexico. Its operating model depends on rail, highway, and drayage networks that connect major industrial and consumer corridors rather than a single local market.
Risks
Schneider is exposed to freight-cycle volatility, customer concentration, and intense price competition across truckload, intermodal, and logistics. Its asset-heavy and labor-dependent model also creates exposure to driver availability, cyber risk, unionization, insurance claims, and impairment risk on acquired assets and goodwill.
- Freight demand and market cyclicalityImpact: HighLikelihood: Medium
Volumes and pricing depend on industrial activity, retail demand, and shipping patterns
Exposure - Customer concentration and contract renewal riskImpact: HighLikelihood: Medium
A meaningful share of revenue comes from major customers and many relationships are not long-term
Exposure: Dedicated and enterprise accounts
- Cybersecurity and IT disruptionImpact: HighLikelihood: Low
Operations rely on systems for order management, tracking, and reporting
Exposure: Enterprise systems and customer data
- Driver recruitment and retentionImpact: High
The business needs qualified drivers and owner-operators to maintain fleet capacity
Exposure: Truckload and intermodal drayage
- Unionization and labor disruptionImpact: MediumLikelihood: Low
Organizing efforts or labor disputes could raise costs or interrupt operations
Exposure: Operating workforce
- Goodwill and intangible asset impairmentImpact: MediumLikelihood: Low
Acquisitions add goodwill and intangibles that must be tested for recoverability
Exposure: Acquired businesses and reporting units
Accounting
Judgemental itemsAccident, insurance, and litigation costs are estimated over time and can change with claims development
Impact: Affects operating expense and earnings timing
Acquisitions create goodwill and intangibles that must be tested for recoverability
Impact: Can trigger noncash charges to earnings
Recent acquisitions added amortizable intangibles that reduce reported operating income
Impact: Affects operating income and comparability
Segment metrics and revenue trends are often shown excluding fuel surcharge to isolate core pricing and volume
Impact: Affects revenue comparability across periods
Technology and equipment investments are depreciated or amortized over time
Impact: Affects operating expense and asset values
Similar listed companies
Publicly listed companies with a comparable business focus.
Knight-Swift Transportation Holdings Inc.
KNX · Trucking (No Local)
XPO, Inc.
XPO · Transportation Services
Werner Enterprises, Inc
WERN · Trucking (No Local)
Werner Enterprises is a U.S.-based transportation company that operates a truckload fleet and a non-asset logistics business.
Radiant Logistics, Inc
RLGT · Arrangement of Transportation of Freight & Cargo
Norfolk Southern Corporation
NSC · Railroads, Line-Haul Operating
Norfolk Southern Corporation is a U.S.
Universal Logistics Holdings, Inc
ULH · Trucking (No Local)
Last updated: 24/09/2026