Schneider Reports Revenue and Earnings Growth in Q1
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Schneider reported year-over-year increases in revenue and earnings during the first quarter of 2025, the company reported May 1.
The Green Bay, Wis.-based truckload motor carrier posted net income of $26.1 million, or 15 cents a diluted share, for the three months ending March 31. That compared with $18.5 million, 10 cents, during the same time the previous year. Total operating revenue increased 6% to $1.4 billion from $1.32 billion.
“We delivered results for the quarter in line with our expectations while navigating the fluid operating environment,” Schneider CEO Mark Rourke said. “Revenues excluding fuel surcharge of nearly $1.3 billion were the second highest for a first quarter in our history, and all our reportable segments improved revenues, earnings and margin year over year. As the quarter progressed, increasing economic uncertainty lowered consumer sentiment and market expectations.”
The results landed close to expectations from investment analysts on Wall Street, who had been looking for EPS of 14 cents and quarterly revenue of $1.44 billion, according to Zacks Consensus Estimate.
Truckload revenue for the quarter increased 14% to $613.7 million from $538.1 million, driven by the acquisition of Cowan Systems and improved revenue per truck per week. The gains were partially offset by lower network volume. Truckload revenue per truck per week increased 3% to $3,953, as both network and dedicated operations saw revenue per truck per week rise due to improved rate per mile. Income from operations in the segment rose 68% to $25.1 million from $14.9 million.
Intermodal segment revenue increased 5% to $260.4 million from $247.2 million, primarily from volume growth and improved revenue per order that received a boost from increased rate per mile. Income from operations increased 97% to $13.8 million from $7 million. The jump was lifted by volume growth and improved revenue per order, and by decreased rail-related costs from enhanced network optimization and cost containment actions.
The Logistics segment saw Q1 revenue increase 2% to $332 million from $324.9 million. The results were driven by the Cowan acquisition, but were partially offset by lower brokerage revenue per order and volume. Logistics income from operations increased 50% to $8.1 million from $5.4 million, primarily from net revenue management that was partially offset by lower brokerage volume.
Schneider ranks No. 9 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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