GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced participation in the following investment conference: Citi's 2026 Global Industrial Tech and Mobility Conference: Wednesday, February 18, 2026. Mark Rourke, President and Chief Executive Officer, and Darrell Campbell, Executive Vice President and Chief Financial Officer, will participate in a fireside chat and a series of in. ...

Core Insights - Schneider National's fourth-quarter results and full-year 2026 guidance fell short of expectations, leading to a 16% drop in shares during after-hours trading [1] - The company reported adjusted earnings per share of 13 cents, which was 7 cents below consensus estimates and the previous year's results [1] - Consolidated revenue reached $1.4 billion, marking a 5% year-over-year increase but was $50 million below consensus [1] Financial Performance - The Truckload (TL) unit generated $610 million in revenue, a 9% year-over-year increase, driven by a 12% rise in truck count, although revenue per truck per week declined by 2% [3] - Dedicated revenue increased by 13% year-over-year, attributed to the acquisition of Cowan Systems, with dedicated truck count up 18% but revenue per truck per week down 4% [4] - Intermodal revenue decreased by 3% year-over-year to $268 million, as a 3% increase in loads was offset by a 5% decline in revenue per load [9] Operational Challenges - Management cited "softer than expected market conditions" in November and "material tightening in December" due to severe weather, which impacted overall performance [2] - The earnings shortfall was driven by increased purchased transportation costs, weather-related expenses, and heightened healthcare costs [3] - The TL unit reported a 96.2% adjusted operating ratio, which is 30 basis points better year-over-year and 60 basis points better than the third quarter [5] Market Dynamics - Heightened regulatory enforcement on the driver pool is affecting capacity, with some shippers inquiring about mini bids due to shrinking capacity risks [6] - The Outbound Tender Rejection Index indicates a tightening truckload market, reflecting the number of loads being rejected by carriers [7] - The National Truckload Index shows elevated spot rates due to new constraints on the driver pool and severe winter weather [8]

GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced a planned leadership transition designed to ensure continuity and position the company for its next phase of growth. Mark Rourke, who has served as Schneider's President and Chief Executive Officer since 2019, will assume the role of Executive Chairman of the Board of Directors effective July 1, 2026. In this new capacity, R. ...

Core Insights - Knight-Swift Transportation missed fourth-quarter expectations but aims to improve margins in the new year despite not anticipating a lift in volume and rate [1] - The company reported a net loss of $6.8 million, or 4 cents per share, which included $53 million in noncash charges related to restructuring [2] - Adjusted EPS was 31 cents, 5 cents worse year over year and 4 cents below consensus estimates, with a reduction in interest expense providing a slight benefit [3] Financial Performance - Consolidated revenue for the quarter was $1.86 billion, slightly down year over year and just below the $1.9 billion consensus estimate [4] - Adjusted operating income decreased by 5% year over year to $101 million [4] - Truckload revenue fell 2% year over year to $1.08 billion, with a 5% decline in average tractors in service partially offset by a 2% increase in revenue per tractor [5] Market Conditions - Management indicated that they are not ready to declare a definitive market turn, although a reduction in available capacity has tightened the market [6] - The Truckload unit had an adjusted operating ratio of 92.9%, which is 70 basis points worse year over year but 330 basis points better than the third quarter [6] - The legacy Knight-Swift fleets operated at a 91.6% adjusted operating ratio, while U.S. Xpress saw a 430 basis point year-over-year improvement [7]

Core Insights - Schneider National, Inc. is celebrating the one-year anniversary of its acquisition of Cowan Systems, LLC, which has led to significant enhancements in its Dedicated operations [1] - The acquisition has allowed Schneider to leverage Cowan's regional expertise, lightweight equipment, and innovative solutions, resulting in increased capacity and efficiency for shippers across the nation [1] Company Developments - Over the past twelve months, Schneider has expanded its Dedicated operations significantly [1] - The integration of Cowan's capabilities has contributed to delivering more efficient logistics services [1]

Core Viewpoint - Schneider National's shares fell 8% following a disappointing earnings report, driven by weak demand and increased insurance costs, leading to a significant reduction in the company's full-year outlook [1][2]. Financial Performance - The company reported third-quarter adjusted earnings per share (EPS) of 12 cents, which was 8 cents below consensus estimates and 6 cents lower year-over-year. This figure included a 7-cent impact from higher insurance claims costs [2]. - Consolidated revenue reached $1.45 billion, marking a 10% year-over-year increase and slightly exceeding the consensus estimate of $1.43 billion, primarily due to the acquisition of Cowan Systems [4]. Guidance and Outlook - Schneider lowered its full-year 2025 adjusted EPS guidance to approximately 70 cents, down from a previous range of 75 to 95 cents. Without the insurance impact, the guidance would have been closer to 77 cents, aligning more with the 80-cent consensus estimate [2][3]. Market Conditions - Freight demand remains below seasonal averages in October, although it has improved compared to September. The company noted that July's demand was boosted by a pull forward ahead of tariffs, while August and September were weaker than normal [3]. - Management indicated that shippers are becoming more selective in choosing carriers as regulatory enforcement increases, which has led to a rise in Schneider's spot market exposure from 5% to 6% [6]. Operational Insights - The truckload (TL) unit generated revenue of $625 million, reflecting a 17% year-over-year increase, while the dedicated fleet saw a 26% revenue increase due to a 28% rise in truck count from the Cowan acquisition [8]. - The Outbound Tender Reject Index, a measure of truck capacity, indicates that current tender rejections are higher than the previous year but do not signal a recovery in the market [7].

Core Viewpoint - Knight-Swift Transportation's third-quarter earnings report missed analysts' expectations, leading to a 3.5% decline in after-hours trading, and the fourth-quarter outlook is below consensus estimates [1][4]. Financial Performance - The company reported third-quarter adjusted earnings per share (EPS) of 32 cents, missing the consensus estimate of 37 cents and management's guidance of 36 to 42 cents [3][4]. - The headline EPS for the quarter was only 5 cents, with $58 million of "unusual items" impacting the results [3]. - Fourth-quarter guidance was issued at 34 to 40 cents, compared to a 40-cent consensus estimate [4]. Operational Insights - Knight-Swift's truckload (TL) unit experienced a 2% year-over-year decline in revenue, attributed to a 7% decrease in average tractors in service, although this was partially offset by a 5% increase in revenue per tractor [5]. - The company noted improvements in loaded miles per tractor, which increased by 5% year-over-year for eight of the past nine quarters [5]. - The adjusted operating ratio for the TL unit was reported at 96.2%, which is 60 basis points worse year-over-year and 160 basis points worse sequentially [6]. Market Conditions - The company is observing early impacts on the driver pool due to the cessation of non-domiciled CDL issuances and increased enforcement of English language proficiency [2]. - Early bid season activity is showing low-single-digit rate increases, with reduced customer churn as shippers consolidate their carrier partnerships [2]. - Knight-Swift remains focused on cost-cutting and attracting appropriately-priced freight to its network [2].

Core Insights - J.B. Hunt Transport Services reported an increase in earnings despite a slight decline in revenue during Q3, attributed to a $100 million cost reduction program [1][2] Financial Performance - Consolidated revenue decreased less than 1% year-over-year to $3.05 billion, slightly above the consensus estimate of $3.02 billion [2] - Operating income rose by 8% year-over-year, with earnings per share increasing by 18% to $1.76, exceeding analysts' expectations by 30 cents [2] - A lower tax rate contributed a 3-cent benefit to EPS compared to Q3 2024 [2] Cost Management - The company analyzed over 100 expense lines, achieving $20 million in cost reductions in Q3, with potential total annual savings exceeding $100 million [3] Intermodal Segment Performance - Intermodal revenue fell by 2% year-over-year to $1.52 billion, with both loads and revenue per load decreasing approximately 1% [5] - A 6% decline in transcontinental loads was offset by a 6% increase in Eastern loads, with monthly loads down 3% in July, 2% in August, and flat in September [5] - The intermodal segment achieved a 91.8% operating ratio, improving by 100 basis points year-over-year and 150 basis points from Q2, driven by better drayage efficiencies and network balance [7] Market Outlook - The ocean shipping peak season began early this year as shippers moved inventory ahead of tariff implementations, but customers still anticipate a ground transportation peak season [6] - Management indicated that the intermodal segment's future will not be dictated by the potential merger of Union Pacific and Norfolk Southern, as they plan to continue using both Eastern railroads [4]

Core Insights - J.B. Hunt Transport Services reported third-quarter results that exceeded expectations, leading to an 11.9% increase in shares during after-hours trading [1] - The company achieved consolidated revenue of $3.05 billion, slightly above the consensus estimate of $3.02 billion, remaining roughly flat year over year [1] Financial Performance - Operating income increased by 8% year over year, while earnings per share rose by 18% to $1.76, surpassing analysts' expectations by 30 cents [2] - A lower tax rate contributed a 3-cent benefit to the earnings per share result [2] Key Performance Indicators - Margins improved across J.B. Hunt's intermodal, dedicated, and brokerage segments, although final mile and truckload segments experienced modest declines [3] - Intermodal revenue decreased by 2% year over year, with both loads and revenue per load improving by 3% sequentially [3] - The intermodal segment reported a 91.8% operating ratio, which is 100 basis points better than the same quarter last year and 150 basis points better than the previous quarter [3] Segment Performance - Dedicated revenue increased by 2% year over year, driven by a 3% rise in revenue per truck per week, despite a slight decline in average truck count [4] - The dedicated segment recorded an operating ratio of 87.9%, which is 80 basis points better year over year and 100 basis points better sequentially [4] - Operating losses in the brokerage operations narrowed to $752,000 during the quarter [4]