Schneider National, Inc. has recently released its 10-K report, providing a detailed overview of its operations and financial performance. The company, founded in 1935 and headquartered in Green Bay, Wisconsin, offers surface transportation and logistics solutions across the United States, Canada, and Mexico. Schneider National operates through three segments: Truckload, Intermodal, and Logistics, offering a diverse range of services including over the road freight transportation, door-to-door container on flat car services, and asset-light freight brokerage.
In its recent developments, Schneider National completed the acquisition of Cowan Systems, a privately held truckload carrier based in Baltimore, Maryland, on December 2, 2024. This acquisition enhances the company's dedicated and logistics services for retail and manufacturing customers. Schneider National's strategy focuses on driving organic growth, expanding capabilities in specialty and dedicated freight markets, improving operations and margins through technology investments, and maximizing returns on capital allocation while pursuing strategic growth opportunities.
The company reported its financial results for the year ended December 31, 2024. The operating revenues for the year were $5,290.5 million, with adjusted income from operations at $172.2 million. The operating ratio was reported at 96.9%, while the adjusted operating ratio stood at 96.3%. Net income for the year was $117.0 million, and adjusted net income was $122.3 million. The company reported adjusted EBITDA of $580.2 million and free cash flow of $305.8 million.
Schneider National also provided non-GAAP financial measures in its report, including revenues excluding fuel surcharge, adjusted income from operations, adjusted total operating expenses net of fuel surcharge revenues, adjusted operating ratio, adjusted net income, adjusted EBITDA, and free cash flow. The company believes that these non-GAAP measures assist investors in understanding its business by removing the impact of items that do not reflect its core operating performance and presenting comparable financial results between periods.
As a result of these announcements, the company's shares have moved 0.8% on the market, and are now trading at a price of $27.28. For more information, read the company's full 10-K submission here.
