Schneider National, Inc.

For the period ended Jun 30, 2026. Filed Jul 31, 2026.

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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, 2026 · Filed Jul 31, 2026

SNDR$28.92+4.0%Stored close · as of Nov 9, 2026

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Contents

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 $30.2 million and $25.0 million for the three months ended June 30, 2026 and 2025, respectively, and $59.9 million and $48.1 million for the six months ended June 30, 2026 and 2025, respectively .

Segment Revenues and Expenses	Three Months Ended June 30, 2026
(in millions)	Truckload	Intermodal	Logistics	Total
Revenues (excluding fuel surcharge)	$627.6	$262.0	$376.1	$1,265.7
Fuel surcharge revenues	165.7	73.8	2.2	241.7
Segment operating revenues	793.3	335.8	378.3	1,507.4
Other revenues			103.7
Elimination of inter-segment revenues			(41.1)
Elimination of inter-segment fuel surcharge revenues			(1.3)
Operating revenues			1,568.7
Salaries, wages, and benefits	271.7	43.8	25.6
Purchased transportation, fuel, and fuel taxes	214.0	219.7	304.2
Depreciation and amortization	83.3	12.9	0.2
Operating supplies and expenses-net	80.7	17.6	16.5
Other segment expenses(1)	92.2	23.4	19.7
Segment income from operations	$51.4	$18.4	$12.1	81.9
Corporate and other loss from operations—net			(10.5)
Income from operations			71.4
Total other expenses—net			5.8
Income before income taxes			$65.6

Segment Revenues and Expenses	Six Months Ended June 30, 2026
(in millions)	Truckload	Intermodal	Logistics	Total
Revenues (excluding fuel surcharge)	$1,245.6	$515.5	$688.4	$2,449.5
Fuel surcharge revenues	276.8	117.5	3.6	397.9
Segment operating revenues	1,522.4	633.0	692.0	2,847.4
Other revenues			203.3
Elimination of inter-segment revenues			(81.4)
Elimination of inter-segment fuel surcharge revenues			(2.1)
Operating revenues			2,967.2
Salaries, wages, and benefits	541.6	86.1	50.2
Purchased transportation, fuel, and fuel taxes	386.8	411.0	552.0
Depreciation and amortization	167.6	25.9	0.3
Operating supplies and expenses-net	169.2	34.4	31.9
Other segment expenses(1)	185.6	46.3	39.0
Segment income from operations	$71.6	$29.3	$18.6	119.5
Corporate and other loss from operations—net			(14.7)
Income from operations			104.8
Total other expenses—net			12.0
Income before income taxes			$92.8

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

(1)For each reportable segment, other segment expenses include insurance and related expenses and other general expenses.

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