Fri, Feb 21, 9:42 PM (58 days ago)
**Schneider National, Inc. (SNDR) 2024 Financial Summary** For the fiscal year ending December 31, 2024, Schneider National, Inc. reported operating revenues of $5,290.5 million, a decrease of approximately 4% from $5,498.9 million in 2023. The decline was attributed to lower logistics segment revenues, decreased fuel surcharge revenues, and reduced truckload revenues, despite acquisitions boosting dedicated operations. Net income fell to $117.0 million, down 51% from $238.5 million, reflecting a significant drop in income from operations by 44% to $165.2 million. The operating ratio increased to 96.9%, indicating higher operating expenses relative to revenues. Strategically, Schneider aims to leverage recent acquisitions (Cowan Systems and M&M) to enhance its market position in dedicated and logistics services. The company anticipates continued growth through technology investments and a focus on driver retention and satisfaction. Key risk factors include economic fluctuations impacting shipping demand, regulatory changes, and competition in the logistics sector. As of December 31, 2024, Schneider’s total assets stood at $4,933.7 million, with significant investments in transportation equipment and a commitment to sustainable practices. The company maintains a strong liquidity position with $117.6 million in cash and cash equivalents.