Schneider National, Inc.

9. INCOME TAXES

Our effective income tax rate was 26.5% and 22.1% for the three months ended September 30, 2025 and 2024, respectively, and 25.0% and 24.0% for the nine months ended September 30, 2025 and 2024, respectively. In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate adjusted for discrete items. This rate is based on our expected annual income, statutory tax rates, and best estimates of nontaxable and nondeductible income and expense items.

On July 4, 2025, the U.S. enacted a budget reconciliation package known as the One Big Beautiful Bill Act (“OBBBA”) which includes significant provisions such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act and restoration of favorable tax treatments for certain business provisions. ASC 740 requires entities to recognize the effects of new income tax legislation on deferred tax balances in the reporting period in which the legislation is enacted. Our deferred income tax liabilities as of September 30, 2025 and December 31, 2024 were $590.1 million and $565.6 million, respectively. The increase was primarily driven by the bonus depreciation provision of the new legislation. The Company is continuing to evaluate the impact of the new legislation but does not expect it to have a material impact on our results of operations.