Schneider National, Inc.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Segment Reporting
- SEGMENT REPORTING
We have three reportable segments – Truckload, Intermodal, and Logistics – which are based primarily on the services each segment provides.
The CODM reviews revenues for each segment without the inclusion of fuel surcharge revenues. For segment purposes, any fuel surcharge revenues earned are recorded as a reduction of the segment’s fuel expenses. Income from operations at the segment level reflects the measure presented to the CODM for each segment.
Separate balance sheets are not prepared by segment, and as a result, assets are not separately identifiable by segment. All transactions between reportable segments are eliminated in consolidation.
Substantially all of our revenues and assets were generated or located within the U.S.
The following tables summarize our segment information. Inter-segment revenues within Other include revenues from insurance premiums charged to other segments for workers’ compensation, auto, and other types of insurance. Inter-segment revenues included in Other revenues below were $25.0 million and $24.4 million for the three months ended June 30, 2025 and 2024, respectively, and $48.1 million and $49.6 million for the six months ended June 30, 2025 and 2024, respectively.
| Segment Revenues and Expenses | Three Months Ended June 30, 2025 | |||
|---|---|---|---|---|
| (in millions) | Truckload | Intermodal | Logistics | Total |
| Revenues (excluding fuel surcharge) | $622.2 | $265.1 | $339.6 | $1,226.9 |
| Fuel surcharge revenues | 97.7 | 40.4 | 1.4 | 139.5 |
| Segment operating revenues | 719.9 | 305.5 | 341.0 | 1,366.4 |
| Other revenues | 96.8 | |||
| Elimination of inter-segment revenues | (41.7) | |||
| Elimination of inter-segment fuel surcharge revenues | (1.0) | |||
| Operating revenues | 1,420.5 | |||
| Salaries, wages, and benefits | 268.5 | 44.4 | 29.6 | |
| Purchased transportation, fuel, and fuel taxes | 154.1 | 190.6 | 269.0 | |
| Depreciation and amortization | 84.7 | 13.2 | 0.3 | |
| Operating supplies and expenses-net | 79.9 | 19.0 | 15.0 | |
| Other segment expenses(1) | 92.6 | 22.2 | 19.2 | |
| Segment income from operations | $40.1 | $16.1 | $7.9 | 64.1 |
| Corporate and other loss from operations—net | (9.1) | |||
| Income from operations | 55.0 | |||
| Total other expenses—net | 7.6 | |||
| Income before income taxes | $47.4 | |||
| Segment Revenues and Expenses | Six Months Ended June 30, 2025 | |||
|---|---|---|---|---|
| (in millions) | Truckload | Intermodal | Logistics | Total |
| Revenues (excluding fuel surcharge) | $1,235.9 | $525.5 | $671.6 | $2,433.0 |
| Fuel surcharge revenues | 198.5 | 82.8 | 2.9 | 284.2 |
| Segment operating revenues | 1,434.4 | 608.3 | 674.5 | 2,717.2 |
| Other revenues | 185.5 | |||
| Elimination of inter-segment revenues | (78.2) | |||
| Elimination of inter-segment fuel surcharge revenues | (2.2) | |||
| Operating revenues | 2,822.3 | |||
| Salaries, wages, and benefits | 538.1 | 87.9 | 59.3 | |
| Purchased transportation, fuel, and fuel taxes | 314.7 | 383.0 | 529.6 | |
| Depreciation and amortization | 169.8 | 26.4 | 0.5 | |
| Operating supplies and expenses-net | 162.3 | 36.2 | 28.9 | |
| Other segment expenses(1) | 184.3 | 44.9 | 40.2 | |
| Segment income from operations | $65.2 | $29.9 | $16.0 | 111.1 |
| Corporate and other loss from operations—net | (14.0) | |||
| Income from operations | 97.1 | |||
| Total other expenses—net | 14.9 | |||
| Income before income taxes | $82.2 | |||
| Segment Revenues and Expenses | Three Months Ended June 30, 2024 | |||
|---|---|---|---|---|
| (in millions) | Truckload | Intermodal | Logistics | Total |
| Revenues (excluding fuel surcharge) | $540.3 | $253.1 | $318.8 | $1,112.2 |
| Fuel surcharge revenues | 102.8 | 46.3 | 1.6 | 150.7 |
| Segment operating revenues | 643.1 | 299.4 | 320.4 | 1,262.9 |
| Other revenues | 95.6 | |||
| Elimination of inter-segment revenues | (39.9) | |||
| Elimination of inter-segment fuel surcharge revenues | (1.9) | |||
| Operating revenues | 1,316.7 | |||
| Salaries, wages, and benefits | 234.8 | 44.2 | 23.3 | |
| Purchased transportation, fuel, and fuel taxes | 162.2 | 191.0 | 256.8 | |
| Depreciation and amortization | 75.0 | 13.4 | — | |
| Operating supplies and expenses-net | 61.9 | 15.8 | 10.3 | |
| Other segment expenses(1) | 78.5 | 20.4 | 18.8 | |
| Segment income from operations | $30.7 | $14.6 | $11.2 | 56.5 |
| Corporate and other income from operations—net | (5.5) | |||
| Income from operations | 51.0 | |||
| Total other income—net | 4.0 | |||
| Income before income taxes | $47.0 | |||
| Segment Revenues and Expenses | Six Months Ended June 30, 2024 | |||
|---|---|---|---|---|
| (in millions) | Truckload | Intermodal | Logistics | Total |
| Revenues (excluding fuel surcharge) | $1,078.4 | $500.3 | $643.7 | $2,222.4 |
| Fuel surcharge revenues | 209.7 | 95.7 | 3.1 | 308.5 |
| Segment operating revenues | 1,288.1 | 596.0 | 646.8 | 2,530.9 |
| Other revenues | 189.9 | |||
| Elimination of inter-segment revenues | (81.3) | |||
| Elimination of inter-segment fuel surcharge revenues | (3.8) | |||
| Operating revenues | 2,635.7 | |||
| Salaries, wages, and benefits | 469.8 | 87.9 | 49.2 | |
| Purchased transportation, fuel, and fuel taxes | 335.8 | 383.9 | 521.8 | |
| Depreciation and amortization | 150.3 | 26.9 | — | |
| Operating supplies and expenses-net | 125.1 | 32.1 | 20.9 | |
| Other segment expenses(1) | 161.5 | 43.6 | 38.3 | |
| Segment income from operations | $45.6 | $21.6 | $16.6 | 83.8 |
| Corporate and other loss from operations—net | (4.1) | |||
| Income from operations | 79.7 | |||
| Total other expenses—net | 8.0 | |||
| Income before income taxes | $71.7 | |||
(1)For each reportable segment, other segment expenses include insurance and related expenses and other general expenses.
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