Schneider Reports Revenue and Earnings Growth in Q2
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Schneider posted higher revenue and earnings in the second quarter of 2025, the company reported July 31.
The Green Bay, Wis.-based truckload motor carrier posted net income of $36 million, or 20 cents a diluted share, for the three months ending June 30. That compared with $35.3 million, 20 cents, during the same time the previous year. Total revenue increased 8% to $1.42 billion from $1.32 billion.
“Second quarter benefited from the cumulative effects of actions we have taken to lift our business through a challenging backdrop and, importantly, demonstrate our ability to capitalize on the modest seasonality that did materialize through strong operating leverage,” Schneider CEO Mark Rourke said during a conference call with investors. “We are approaching this several ways: through a disciplined and purposeful customer freight allocation process, by containing costs across the enterprise and by executing on initiatives to improve the resiliency of our truckload earnings.”
Rourke noted that Schneider saw some seasonal demand patterns emerge during the quarter despite ongoing economic uncertainty. He also stressed that the company pursued efforts to structurally improve, citing strategic growth priorities that included execution on acquisitions.
“We are restoring margins while positioning the business to maximize through cycle returns,” Rourke said. “Second, we are leaning into our areas of differentiation to create our own growth opportunities. And third, we are compounding organic growth with accretive M&A.”
The results came in about as expected based on predictions from investment analysts on Wall Street, who were looking for 21 cents per share and quarterly revenue of $1.42 billion, according to Zacks Consensus Estimate.
Broken down by business unit:
- Truckload segment revenue increased 15% to $622.2 million from $540.3 million during the 2024 period. This was due to an increase in dedicated volume from the acquisition of Cowan Systems but partially offset by lower network volume. Truckload revenue per truck per week increased 1% to $3,964 due to an improved rate per mile. Income from operations increased 31% to $40.1 million from $ 30.7 million.
- Intermodal revenue increased 5% to $265.1 million from $253.1 million. This was largely related to volume growth since revenue per order was about flat year over year. Income from operations increased 10% to $16.1 million from $14.6 million. The report noted that lower purchased transportation costs contributed to the earnings growth in addition to those volume gains.
The operating ratios for the Truckload and Intermodal segments improved. Carriers’ OR provides insight on how well a company is balancing its costs and revenue generation. The lower the ratio, the better a company’s performance.
“In the Truckload segment, we achieved double-digit earnings improvement driven by strong operating leverage as we executed on our productivity initiatives and maintained rate discipline, although rates remain noncompensatory,” Rourke said. “Intermodal saw volume momentum continue in the second quarter as our wins more than offset trade policy impacts, and earnings improvement was further supported by our network optimization and productivity actions.”
- Logistics revenue increased 7% to $339.6 million from $318.8 million last year. This was primarily due to the acquisition of Cowan, though that was partially offset by lower brokerage volume and revenue per order. Income from operations decreased 29% to $7.9 million from $11.2 million. This was driven by lower brokerage volume. The OR of the Logistics segment went up slightly.
TD Cowen analyst Jason Seidl in a report noted that while Schneider’s truckload segment revenue missed his estimates, the segment’s OR beat expectations. He highlighted that while the company saw some elevated churn in its dedicated operations, that was offset by gains on new business. He stressed that the company’s margin outperformance in the face of those headwinds is a positive read for structural cost measures. He also acknowledged that Schneider’s for-hire operations have been facing pressure from spot rate declines.
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“[Schneider] came in line with the consensus forecast and tightened its guidance range given policy pressure and spot pressure through July,” Seidl said.
Rourke added, “Regarding customer allocations, we remained disciplined throughout the second quarter, focused on serving our customers effectively and doing so profitably. We are now roughly three-quarters through the contractual renewal period, both in truckload network and intermodal. We remain on track to deliver low- to mid-single-digit percentage increases in our truckload network pricing renewals, while intermodal pricing has remained stable as expected.”
Schneider ranks No. 10 on the Transport Topics Top 100 list of the largest for-hire carriers in North America and No. 18 on the TT Top 100 list of the largest logistics companies. It also ranks No. 47 on the TT Top 50 global freight companies list.
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