Schneider National

Last updated

Schneider National, Inc.
Company type Public
Industry Motor transportation
Trucking

Logistics
Founded1935
Founder Al Schneider
Headquarters Green Bay, Wisconsin, United States
Area served
North America
China
Central America
Key people
  • Mark Rourke (CEO
  • Darrell Campbell (Executive Vice President and CFO)
Products Truckload shipping
Number of employees
19,600 [1]  (2017)
Website schneider.com
Headquarters in Green Bay, Wisconsin SchneiderNationalHeadquarters.jpg
Headquarters in Green Bay, Wisconsin
Schneider truck Red freightliner.jpg
Schneider truck
Schneider truck, rear view Schneider national truck rear view.JPG
Schneider truck, rear view

Schneider National, Inc. is a provider of truckload, intermodal and logistics services. [1] Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics. [2] [3]

Contents

History

Founded in 1935 when Al Schneider sold the family car to buy his first truck, [4] Schneider is headquartered in Green Bay, Wisconsin. Don Schneider, Al's oldest son, succeeded Al as president on February 9, 1976, and served in that role for 27 years. [5] In 2002, Christopher Lofgren was named the company's third president and CEO. [6]

Schneider began trading on the New York Stock Exchange on April 6, 2017; company management rang the opening bell. [7] The stock had an initial public offering of $19.50 per share. [7]

On April 21, 2023, Schneider signed its shipping contract with the seven-day-old Canadian Pacific Kansas City. [8]

Schneider acquired M&M Transport Services in August of 2023. M&M is based out of Bridgewater, Massachusetts. [9] [10]

In September 2023, Darrell Campbell was announced as the Executive Vice President and Chief Financial Officer. [11]

As of October 2023, Schneider operates one of the largest EV truck fleets in the United States; 100 Freightliner eCascadias by the end of 2023. [12] [13] The company received the Deloitte Wisconsin 75 sustainability award for reducing carbon emissions. [12]

Market

Schneider hauls 19,318 loads per day, with 11,650 company drivers, 10,120 company trucks and 33,830 trailers on the road.[ citation needed ] The company has 166 facilities, conducting business in the United States, Mexico, Canada and China. Schneider's customers include more than two-thirds of the FORTUNE 500 companies.[ citation needed ]

See also

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References

  1. 1 2 "Schneider National". Fortune. Archived from the original on January 19, 2019. Retrieved January 18, 2019.
  2. "Schneider National, Inc.: Private Company Information - Bloomberg". investing.businessweek.com. Archived from the original on April 27, 2009. Retrieved January 11, 2018.
  3. "Schneider National on the Forbes America's Best Employers List". Forbes . Retrieved January 11, 2018.
  4. "The Story of Schneider - Leap of Faith Book". Schneider, Inc. Retrieved January 11, 2018.
  5. "Schneider built Green Bay trucking company into industry leader" . Retrieved January 11, 2018.
  6. "Schneider National celebrates 75th anniversary". www.ccjdigital.com. June 15, 2010. Retrieved January 11, 2018.
  7. 1 2 "Schneider National goes public, rings NYSE opening bell". WLUK. April 6, 2017.
  8. May, Tiana (April 24, 2023). "CPKC and Schneider Sign Intermodal Transport Agreement". Railway-News. Retrieved February 6, 2024.
  9. "Schneider expands with purchase of New England based Dedicated carrier". www.businesswire.com. August 1, 2023. Retrieved October 12, 2023.
  10. "Schneider National acquires dedicated carrier M&M Transport". Commercial Carrier Journal. August 1, 2023. Retrieved October 12, 2023.
  11. "Schneider National, Inc. names Darrell Campbell Executive Vice President and CFO". Yahoo Finance. September 6, 2023. Retrieved October 12, 2023.
  12. 1 2 Bollier, Jeff (October 25, 2023). "3 reasons Schneider National hauled in the Deloitte Wisconsin 75 sustainability award". www.greenbaypressgazette.com. Retrieved February 6, 2024.
  13. "Schneider opens large-scale zero emission electric charging depot in Southern California". www.businesswire.com. June 7, 2023. Retrieved February 6, 2024.