Schneider National cuts outlook, ‘commoditized’ one-way fleet uninvestable

Schneider National lowered full-year 2024 expectations on Wednesday as seasonal trends, which were favorable in June and July, eroded during August and September.

The Green Bay, Wisconsin-based multimodal transportation provider now expects 2024 adjusted earnings per share of just 66 to 72 cents, down from quarter-ago guidance of 80 to 90 cents, and lower than the 82-cent consensus estimate at the time of the print.

The company did say it expects to see some seasonal improvement in the fourth...

https://www.freightwaves.com/news/schneider-national-cuts-outlook-commoditized-one-way-fleet-uninvestable

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