Schneider National reported third‑quarter 2025 operating revenues of $1,452.4 million, a 10% increase from $1,315.7 million in the same quarter of 2024. Diluted earnings per share fell to $0.11 from $0.17, while adjusted diluted EPS declined to $0.12 from $0.18. The operating ratio rose to 97.6% from 96.7% in Q3 2024.
In the truckload segment, revenue grew 17% to $624.5 million, driven by a 22% increase in dedicated volume, but operating income fell 16% to $19.8 million due to higher labor, insurance, and depreciation costs. Intermodal revenue increased 6% to $281.4 million, with operating income up 7% to $16.8 million. Logistics revenue rose 6% to $332.1 million, yet operating income declined 16% to $6.4 million as brokerage volumes weakened. Claims costs reached $16.0 million, an $0.07 earnings per share impact above guidance.
The company lowered its full‑year 2025 adjusted diluted EPS guidance to approximately $0.70, down from the prior $0.75–$0.95 range, and reduced net capital expenditures guidance to about $300 million, down from the previous $325–$375 million range. Management cited sub‑seasonal freight market trends and challenging insurance dynamics as the primary reasons for the guidance revision.
Management emphasized continued focus on cost containment and productivity gains, noting the integration of Cowan Systems and the expansion of dedicated and intermodal services. The company highlighted the potential of artificial‑intelligence initiatives to drive efficiency across its logistics operations and expressed confidence in a more constructive market environment in 2026.
On the balance‑sheet side, Schneider held $194.1 million in cash and cash equivalents against $522.8 million of debt, resulting in a net debt leverage ratio of roughly 0.5x. The company’s financial position provides flexibility to support ongoing capital allocation and operational initiatives.
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