Schneider National

FMCSA looking to gain traction on autonomous trucking

Federal regulators are seeking Trump administration approval for a survey of private trucking companies that could help the government establish safety rules affecting autonomous trucks.

The Federal Motor Carrier Safety Administration (FMCSA) will be seeking public comment starting Tuesday on the survey questionnaire, “Trucking Fleet Concept of Operations (CONOPS) for Managing Mixed Fleets,” that it anticipates will generate responses from 2,000 companies, including commercial fleets managers,...

https://s29755.pcdn.co/news/fmcsa-looking-to-gain-traction-on-autonomous-trucking

The Daily Dash: Listening to shippers; Schneider’s special dividend

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a Federal Motor Carrier Safety Administration listening session on a possible broker transparency rule saw shippers questioning how this would impact their confidentiality agreements. Plus, Schneider plans a special dividend, Werner’s earnings top expectations and carriers weigh in on the election.

What about the shippers?

In an online listening session Wednesday, FMCSA leaders heard industry views...

https://www.freightwaves.com/news/the-daily-dash-listening-to-shippers-schneiders-special-dividend

Lackluster Q3 trends overshadow Schneider’s special dividend

Schneider National truck on highway

The biggest takeaway from Schneider National’s (NYSE: SNDR) third-quarter report may have been the announcement of a $2-per-share special dividend, which at least temporarily answered the questions around how the company would deploy its sizable cash position.

The $355 million special dividend represents less than half of the $769 million in cash on the balance sheet. Even after the Nov. 19 payment, the company will have ample cash to pursue other initiatives, including acquisitions....

https://s29755.pcdn.co/news/schneiders-special-dividend-overshadowed-by-lackluster-q3-trends

Schneider to pay $2 special dividend, Q3 results in line

Schneider National truck on highway

Schneider National (NYSE: SNDR) announced a $2 per share special dividend on Thursday, answering the looming questions around how the company would deploy its growing cash position.

The announcement was included in the Green Bay, Wisconsin-based truckload (TL) carrier’s third-quarter report, which was in line with the adjusted earnings per share (EPS) consensus estimate of 31 cents. The result excluded a $13.1 million pretax charge for an adverse excise tax ruling on glider kits.

“During the...

https://www.freightwaves.com/news/schneider-to-pay-a-2-special-dividend-q3-results-inline

Schneider pay follow-up: Move by truckload carrier could kick off matching increases

In what appears to be the opening salvo in what could be a battle of truckload carriers seeking to hang on to and increase their driver base, Schneider National this week announced a pay increase.

Public announcements of pay increases were frequent in 2018, at the height of the driver squeeze. But several sources said they believe Schneider is out in front of other carriers in making its announcement during the increasingly strong freight market. 

Schneider’s disclosure was not in a press...

https://s29755.pcdn.co/news/schneider-pay-follow-up-move-by-truckload-carrier-could-kick-off-matching-increases

Breaking News: Schneider announces driver pay increase, viewed as first salvo in possible wage escalation

In what appears to be the opening salvo in what could be a battle of truckload carriers seeking to hang on to and increase their driver base, truckload carrier Schneider National this week announced a pay increase.

Schneider’s disclosure was not in a press release. Rather, it was on a webpage on the company’s homepage.

“It feels to me that others will follow Schneider’s lead, but I haven’t heard or seen other similar announcements,” one source said of the move, requesting anonymity. 

FreightWaves...

https://www.freightwaves.com/news/breaking-news-schneider-announces-driver-pay-increase-viewed-as-first-salvo-in-possible-wage-escalation

Schneider shifts to some off-site orientation for its new drivers

Schneider National is moving toward more remote orientation for newly hired drivers and independent owner-operators.

In a recent announcement, Schneider said it would take several steps at eight sites where it now performs orientation training: Phoenix; Indianapolis and Gary, Indiana; Atlanta; Dallas; Carlisle, Pennsylvania; West Memphis,Tennessee; and Charlotte, North Carolina, which is dedicated solely to owner-operators who have leased with the truckload carrier. 

There are several aspects to...

https://s29755.pcdn.co/news/schneider-shifts-to-some-off-site-orientation-for-its-new-drivers

National Driver Appreciation Week kicks off Sunday

National Driver Appreciation Week

It’s been a challenging year for truck drivers working around-the-clock to deliver critical medical supplies, food and other essentials during the COVID-19 pandemic, as well as those hauling relief provisions to several states ravaged by wildfires and Hurricane Laura.

Starting Sunday, the trucking industry will come together to celebrate truck drivers during National Driver Appreciation Week, Sept. 13-19. 

Companies like PAM Transport, Driver Solutions, Schneider, Averitt Express and Shell...

https://s29755.pcdn.co/news/national-driver-appreciation-week-kicks-off-sunday

Investor conference highlights bullish truckload market; intermodal demand returns

Unidentified rig on highway

Tight capacity and rising demand have carriers encouraged about the future. This dynamic was echoed by several transportation providers appearing virtually at Cowen’s 13th annual Global Transportation & Sustainable Mobility Conference on Wednesday.

Carriers struggle to keep up with rising demand

Schneider National’s (NYSE: SNDR) Chief Financial Officer Steve Bruffett said if the company’s current load tenders fell by 10% to 15%, it would still have more freight than it could handle on a daily...

https://s29755.pcdn.co/news/investor-conference-highlights-bullish-truckload-market-intermodal-demand-returns

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