Schneider National, Inc.
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Oct 30, 2026
SNDR$27.81-1.5%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-31.
0001692063-26-000039
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-10-30.
0001692063-26-000062
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 184 previous paragraphs and 183 current paragraphs.
119 unchanged; 46 reworded; 18 added; 17 removed; 2 previous and 0 current paragraphs rearranged.
Tables are not compared: 20 previous and 20 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (18)
Current report
(3)Severance related to workforce rightsizing.
Current report
Adjusted net income increased $29.1 million, approximately 134%, for the same reasons discussed above.
Current report
Enterprise income from operations increased $26.8 million, approximately 76%, in the third quarter of 2026 compared to the same period in 2025. The increase was primarily attributable to higher rates within Network, improved Truckload productivity, increased Logistics brokerage net revenue per order, higher revenue per order in Intermodal, lower insurance, salaries and wages, and depreciation expenses, higher gains on sales of equipment, and a favorable freight mix. These benefits were partially offset by higher purchased transportation expense and lower Truckload volumes.
Current report
Adjusted income from operations increased $25.4 million, approximately 66%, for the same reasons listed above.
Current report
•Operating supplies and expenses—net decreased $11.8 million, or 6%, primarily due to higher gains on sales of equipment and lower costs in our leasing business, partially offset by increased maintenance expenses.
Current report
•Insurance and related expenses decreased $10.7 million, or 18%, driven by higher claims severity in the prior period.
Current report
•Other general expenses increased $1.9 million, or 6%, primarily reflecting increased bad debt expense.
Current report
Total Other Expenses (Income)-Net
Current report
Total other income increased $12.4 million in the third quarter of 2026 compared to the same period in 2025, mainly due to an $11.4 million decrease in interest expense. In our third quarter 2025 Form 10-Q, we disclosed that we received an adverse verdict associated with a 2017 incident and filed post-trial motions. At the time, we also disclosed that judgment-related interest was being accrued until ultimate resolution. During the current quarter, we signed a settlement agreement in connection with this matter and, as a result, reversed $7.2 million of previously accrued interest. Interest expense also benefited from lower average outstanding debt, which reduced interest expense by an additional $2.3 million compared to the prior period.
Current report
Intermodal revenues (excluding fuel surcharge) increased $6.3 million, approximately 2%, in the third quarter of 2026 compared to the same period in 2025. The increase was primarily attributable to a 3% increase in revenue per order, partially offset by a decrease in volume.
Current report
Logistics income from operations decreased $6.4 million, approximately 100%, in the third quarter of 2026 compared to the same period in 2025, driven by higher purchased transportation expense and increased insurance costs related to a specific prior year claim, partially offset by the revenue impacts listed above.
Current report
Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
Current report
Adjusted net income increased $36.7 million, approximately 42%, for the same reasons discussed above.
Current report
Enterprise income from operations increased $34.5 million, approximately 26%, in the nine months ended September 30, 2026 compared to the same period in 2025. The increase was primarily attributable to higher Network rates, improved Truckload productivity, increased Logistics brokerage net revenue per order, and fuel surcharge recovery. Lower insurance costs, reduced depreciation and amortization expense resulting from improved asset utilization, lower salaries and wages, and other cost containment initiatives also contributed to the improvement. These benefits were partially offset by higher purchased transportation costs and increased operating supplies and expenses.
Current report
Adjusted income from operations increased $32.7 million, approximately 23%, for the same reasons listed above.
Current report
•Insurance and related expenses decreased $13.9 million, or 10%, driven by higher claims severity in the prior period.
Current report
Total other expenses decreased $15.3 million, approximately 64%, in the nine months ended September 30, 2026 compared to the same period in 2025, primarily due to a $13.9 million decrease in interest expense. In our third quarter 2025 Form 10-Q, we disclosed that we received an adverse verdict associated with a 2017 incident and filed post-trial motions. At the time, we also disclosed that judgment-related interest was being accrued until ultimate resolution. During the current quarter, we signed a settlement agreement in connection with this matter and, as a result, reversed $7.2 million of previously accrued interest. Interest expense also benefited from lower average outstanding debt, which reduced interest expense by an additional $7.6 million compared to the prior period.
Current report
Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
Removed paragraphs (17)
Previous report
Adjusted net income increased $13.6 million, approximately 36%, for the same reasons discussed above.
Previous report
•a $5.4 million increase in Truckload segment revenues (excluding fuel surcharge), primarily due to higher Network rates and productivity.
Previous report
Enterprise income from operations increased $16.4 million, approximately 30%, in the second quarter of 2026 compared to the same period in 2025. The increase was primarily attributable to increased Network rates and productivity, higher Logistics brokerage net revenue per order, fuel surcharge recovery, and cost-reduction actions. These impacts were partially offset by increased purchased transportation costs and property rents.
Previous report
Adjusted income from operations increased $16.4 million, approximately 29%.
Previous report
•Operating supplies and expenses—net increased $5.3 million, or 3%, primarily due to increased tolls, lumper, software, and maintenance expenses, partially offset by higher gains on sales of equipment.
Previous report
•Insurance and related expenses decreased $2.0 million, or 5%, driven by lower premiums and claims activity.
Previous report
Total other expenses decreased $1.8 million in the second quarter of 2026, compared to the same period in 2025, mainly due to a $1.7 million decrease in interest expense.
Previous report
Intermodal revenues (excluding fuel surcharge) decreased $3.1 million, approximately 1%, in the second quarter of 2026 compared to the same period in 2025. The decrease was primarily attributable to a 2% decline in revenue per order, reflecting a shorter average length of haul, partially offset by higher volume.
Previous report
Logistics income from operations increased $4.2 million, approximately 53%, in the second quarter of 2026, compared to the same period in 2025, driven by higher net revenue per order and cost reduction actions, partially offset by increased purchased transportation expense and lower brokerage volume.
Previous report
Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025
Previous report
Adjusted net income increased $7.6 million, approximately 12%, for the same reasons discussed above.
Previous report
Enterprise income from operations increased $7.7 million, approximately 8%, in the six months ended June 30, 2026, compared to the same period in 2025, primarily due to increased Network rates and productivity, higher net revenue per order within Logistics, fuel surcharge recovery, decreased depreciation and amortization primarily due to improved asset utilization, and cost containment actions. These factors were partially offset by increased purchased transportation costs and operating supplies and expenses.
Previous report
Adjusted income from operations increased $7.3 million, approximately 7%.
Previous report
•Insurance and related expenses decreased $3.2 million, or 4%, driven by lower premiums and claims activity.
Previous report
Total Other Expenses-Net
Previous report
Total other expenses decreased $2.9 million, approximately 19%, in the six months ended June 30, 2026, compared to the same period in 2025, largely due to a $2.5 million decrease in interest expense.
Previous report
Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025
Reworded paragraphs (46)
Previous wording
Although we believe these non-GAAP measures are useful to investors, they have limitations as analytical tools and may not be comparable to similar measures disclosed by other companies. You should not consider the non-GAAP measures in this report in isolation or as substitutes for, or alternatives to, analysis of our results as reported under GAAP. The exclusion of unusual or infrequent items or other adjustments reflected in the non-GAAP measures should not be construed as an inference that our future results will not be affected by unusual or infrequent items or other items similar to such adjustments. Our management compensates for these limitations by relying primarily on our GAAP results in addition to using the non-GAAP measures.
Current wording
Although we believe these non-GAAP measures are useful to investors, they have limitations as analytical tools and may not be comparable to similar measures disclosed by other companies. You should not consider the non-GAAP measures in this Quarterly Report in isolation or as substitutes for, or alternatives to, analysis of our results as reported under GAAP. The exclusion of unusual or infrequent items or other adjustments reflected in the non-GAAP measures should not be construed as an inference that our future results will not be affected by unusual or infrequent items or other items similar to such adjustments. Our management compensates for these limitations by relying primarily on our GAAP results in addition to using the non-GAAP measures.
Previous wording
Enterprise net income increased $13.7 million, approximately 38%, in the second quarter of 2026, compared to the same period in 2025, primarily due to a $16.4 million increase in income from operations and a $1.8 million decrease in other expenses. These increases were partially offset by a $4.5 million increase in the provision for income taxes.
Current wording
Enterprise net income increased $30.1 million, approximately 155%, in the third quarter of 2026 compared to the same period in 2025, primarily due to a $26.8 million increase in income from operations and a $12.4 million increase in other income. These increases were partially offset by a $9.1 million increase in the provision for income taxes.
Previous wording
Enterprise operating revenues increased $148.2 million, approximately 10%, in the second quarter of 2026 compared to the same period in 2025.
Current wording
Enterprise operating revenues increased $132.9 million, approximately 9%, in the third quarter of 2026 compared to the same period in 2025.
Previous wording
•a $101.9 million increase in fuel surcharge revenues due to higher fuel prices in 2026;
Current wording
•an $87.5 million increase in fuel surcharge revenues due to higher fuel prices in 2026;
Previous wording
•a $36.5 million increase in Logistics segment revenues (excluding fuel surcharge) driven by increased revenue per order in our brokerage business; and
Current wording
•a $40.4 million increase in Logistics segment revenues (excluding fuel surcharge) driven by higher revenue per order in our brokerage business; and
Previous wording
•a $3.1 million decrease in Intermodal revenues (excluding fuel surcharge) due to lower revenue per order, reflecting shorter length of haul.
Current wording
•a $6.3 million increase in Intermodal revenues (excluding fuel surcharge) due to higher revenue per order.
Previous wording
Enterprise revenues (excluding fuel surcharge) increased $46.3 million, approximately 4%, for the same reasons discussed above, excluding fuel surcharge revenue.
Current wording
Enterprise revenues (excluding fuel surcharge) increased $45.4 million, approximately 3%, for the same reasons discussed above, excluding fuel surcharge revenue.
Previous wording
Enterprise operating ratio (operating expenses as a percentage of operating revenues) improved on both a GAAP and adjusted basis when compared to the second quarter of 2025, for the same reasons listed above.
Current wording
Enterprise operating ratio (operating expenses as a percentage of operating revenues) improved on both a GAAP and adjusted basis when compared to the third quarter of 2025, for the same reasons listed above.
Previous wording
•Purchased transportation increased $74.9 million, or 15%, driven by higher third-party carrier costs within Logistics associated with increased revenue per order, higher purchased transportation expense within Intermodal due to higher fuel rates, and higher owner-operator purchased transportation expense within Truckload resulting from increased Network pricing.
Current wording
•Purchased transportation increased $85.0 million, or 17%, primarily due to higher third-party carrier costs within Logistics driven by increased revenue per order, higher purchased transportation expense within Intermodal resulting from higher fuel rates, and higher owner-operator purchased transportation expense within Truckload attributable to increased Network pricing and fuel costs.
Previous wording
•Salaries, wages, and benefits increased $3.1 million, or 1%, as higher incentive compensation was largely offset by lower salaries and wages resulting from lower headcount.
Current wording
•Salaries, wages, and benefits decreased $6.6 million, or 2%, resulting from lower headcount, partially offset by higher incentive compensation.
Previous wording
•Fuel and fuel taxes for company trucks increased $55.6 million, or 53%, driven by a higher cost per gallon. A significant portion of fuel costs are recovered through our fuel surcharge programs.
Current wording
•Fuel and fuel taxes for company trucks increased $53.5 million, or 48%, driven by a higher cost per gallon. A significant portion of fuel costs are recovered through our fuel surcharge programs.
Previous wording
•Depreciation and amortization decreased $2.8 million, or 2%, mainly due to lower equipment counts and lower amortization of internal-use software.
Current wording
•Depreciation and amortization decreased $5.2 million, or 5%, mainly due to lower equipment counts.
Previous wording
Our provision for income taxes increased $4.5 million, or 39%, in the second quarter of 2026, compared to the same period in 2025, primarily due to higher taxable income. The effective income tax rate was 24.2% and 24.1% for the three months ended June 30, 2026 and 2025, respectively. Our provision for income taxes may fluctuate in future periods to the extent tax laws and regulations change.
Current wording
Our provision for income taxes increased $9.1 million, or 130%, in the third quarter of 2026 compared to the same period in 2025, primarily due to higher taxable income. The effective income tax rate was 24.5% and 26.5% for the three months ended September 30, 2026 and 2025, respectively. Our provision for income taxes may fluctuate in future periods to the extent tax laws and regulations change.
Previous wording
Truckload revenues (excluding fuel surcharge) increased $5.4 million, approximately 1%, in the second quarter of 2026, compared to the same period in 2025, driven by a higher rate per billed mile and increased billed miles in Network, as well as a higher rate per total mile in Dedicated, partially offset by lower Dedicated volume.
Current wording
Truckload revenues (excluding fuel surcharge) increased $0.3 million, in the third quarter of 2026 compared to the same period in 2025. The increase was primarily driven by a higher rate per billed mile within Network and rate per total mile within Dedicated, largely offset by lower volumes.
Previous wording
Truckload income from operations increased $11.3 million, approximately 28%, in the second quarter of 2026, compared to the same period in 2025, primarily due to improved Network price and productivity, fuel surcharge recovery, and improved equipment utilization, which contributed to lower depreciation expense, and higher gains on sales of equipment. These favorable impacts were partially offset by increased owner-operator purchased transportation expense and maintenance costs.
Current wording
Truckload income from operations increased $23.9 million, approximately 121%, in the third quarter of 2026 compared to the same period in 2025. The increase was primarily driven by improved pricing within Network and Dedicated, productivity increases in both Network and Dedicated as reflected by higher revenue per truck per week, acquisition-related cost synergies, higher gains on sales of equipment, and improved equipment utilization, which contributed to lower depreciation expense. These favorable impacts were partially offset by increased owner-operator purchased transportation expense and lower Truckload volumes.
Previous wording
Intermodal income from operations increased $2.3 million, approximately 14%, in the second quarter of 2026, compared to the same period in 2025, primarily driven by improved fuel surcharge recovery, volume growth, and increased gains on sales of equipment. These benefits were partially offset by increased purchased transportation expense, resulting from increased fuel costs, and lower revenue per order.
Current wording
Intermodal income from operations increased $5.8 million, approximately 35%, in the third quarter of 2026 compared to the same period in 2025, primarily driven by freight mix and revenue impacts noted above. These benefits were partially offset by increased purchased transportation expense, resulting from higher fuel costs, and lower volume.
Previous wording
Logistics revenues (excluding fuel surcharge) increased $36.5 million, approximately 11%, in the second quarter of 2026, compared to the same period in 2025, primarily due to an increase in revenue per order, partially offset by lower brokerage volume.
Current wording
Logistics revenues (excluding fuel surcharge) increased $40.4 million, approximately 12%, in the third quarter of 2026 compared to the same period in 2025, primarily due to an increase in revenue per order, partially offset by lower brokerage volume.
Previous wording
Other loss from operations in the second quarter of 2026 was comparable to the same period in 2025.
Current wording
Other loss from operations in the third quarter of 2026 was comparable to the same period in 2025.
Previous wording
Enterprise net income increased $8.0 million, approximately 13%, in the six months ended June 30, 2026, compared to the same period in 2025, primarily due to a $7.7 million increase in income from operations and a $2.9 million favorable change in total other expenses—net, driven by a $2.5 million decrease in interest expense. These favorable impacts were partially offset by a $2.6 million increase in the provision for income taxes.
Current wording
Enterprise net income increased $38.1 million, approximately 47%, in the nine months ended September 30, 2026 compared to the same period in 2025, primarily due to a $34.5 million increase in income from operations and a $15.3 million favorable change in total other expenses—net, driven by a $13.9 million decrease in interest expense. These favorable impacts were partially offset by an $11.7 million increase in the provision for income taxes.
Previous wording
Enterprise operating revenues increased $144.9 million, approximately 5%, in the six months ended June 30, 2026 compared to the same period in 2025.
Current wording
Enterprise operating revenues increased $277.8 million, approximately 6%, in the nine months ended September 30, 2026 compared to the same period in 2025.
Previous wording
•a $113.8 million increase in fuel surcharge revenues due to higher fuel prices;
Current wording
•a $201.3 million increase in fuel surcharge revenues due to higher fuel prices;
Previous wording
•a $16.8 million increase in Logistics segment revenues (excluding fuel surcharge), resulting from increased revenue per order within the brokerage business; and
Current wording
•a $57.2 million increase in Logistics segment revenues (excluding fuel surcharge), resulting from higher revenue per order within the brokerage business; and
Previous wording
•a $9.7 million increase in Truckload segment revenues (excluding fuel surcharge), driven by higher Network rates and productivity.
Current wording
•a $10.0 million increase in Truckload segment revenues (excluding fuel surcharge), driven by higher rates within Network.
Previous wording
•a $10.0 million decrease in Intermodal segment revenues (excluding fuel surcharge), primarily due to decreased revenue per order.
Current wording
•a $3.7 million decrease in Intermodal segment revenues (excluding fuel surcharge), primarily due to decreased revenue per order.
Previous wording
Enterprise revenues (excluding fuel surcharge) increased $31.1 million, approximately 1%, for the same reasons discussed above, excluding fuel surcharge revenue.
Current wording
Enterprise revenues (excluding fuel surcharge) increased $76.5 million, approximately 2%, for the same reasons discussed above, excluding fuel surcharge revenue.
Previous wording
Enterprise operating ratio (operating expenses as a percentage of operating revenues) improved on both a GAAP and adjusted basis when compared to the same period in 2025.
Current wording
Enterprise operating ratio (operating expenses as a percentage of operating revenues) improved on both a GAAP and adjusted basis when compared to the same period in 2025, for the same reasons listed above.
Previous wording
•Purchased transportation costs increased $67.1 million, or 7%, primarily due to higher third-party carrier costs within Logistics consistent with increased revenue per order, increased purchased transportation costs within Intermodal resulting from higher fuel costs, and higher owner-operator purchased transportation costs within Truckload tied to improved network price.
Current wording
•Purchased transportation costs increased $152.1 million, or 10%, primarily due to higher third-party carrier costs within Logistics associated with increased revenue per order, higher purchased transportation costs within Intermodal resulting from increased fuel costs, and higher owner-operator purchased transportation costs within Truckload driven by improved Network price and increased fuel cost.
Previous wording
•Salaries, wages, and benefits decreased $1.6 million, primarily due to lower office wages and driver pay resulting from reduced headcount, largely offset by higher incentive compensation and maintenance wages.
Current wording
•Salaries, wages, and benefits decreased $8.2 million, or 1%, primarily due to lower office wages and driver pay resulting from reduced headcount, partially offset by higher incentive compensation and maintenance wages.
Previous wording
•Fuel and fuel taxes for company trucks increased $68.4 million, or 32%, driven by an increased cost per gallon. A significant portion of fuel costs are recovered through our fuel surcharge programs.
Current wording
•Fuel and fuel taxes for company trucks increased $121.9 million, or 37%, driven by a higher cost per gallon. A significant portion of fuel costs are recovered through our fuel surcharge programs.
Previous wording
•Depreciation and amortization decreased $5.5 million, or 2%, mainly due to lower equipment counts and less amortization related to internal-use software.
Current wording
•Depreciation and amortization decreased $10.7 million, or 3%, mainly due to lower equipment counts and less amortization related to internal-use software.
Previous wording
•Operating supplies and expenses—net increased $18.0 million, or 5%, driven by tolls, software, maintenance, and lumper expenses, partially offset by increased gains on equipment sales.
Current wording
•Operating supplies and expenses—net increased $6.2 million, or 1%, driven by maintenance, lumpers, tolls, and software expenses, partially offset by increased gains on equipment sales and decreased costs in our leasing business.
Previous wording
•Other general expenses decreased $6.0 million, or 9%, largely related to lower professional service costs as a result of cost-containment actions.
Current wording
•Other general expenses decreased $4.1 million, or 4%, largely related to lower professional service costs as a result of cost containment actions, partially offset by increased bad debt expense.
Previous wording
Our provision for income taxes increased $2.6 million, approximately 13%, in the six months ended June 30, 2026, compared to the same period in 2025, due to higher taxable income. The effective income tax rate was 24.5% for both the six months ended June 30, 2026 and 2025. Our provision for income taxes may fluctuate in future periods to the extent tax laws and regulations change.
Current wording
Our provision for income taxes increased $11.7 million, approximately 43%, in the nine months ended September 30, 2026 compared to the same period in 2025, due to higher taxable income. The effective income tax rate was 24.5% and 25.0% for the nine months ended September 30, 2026 and 2025, respectively. Our provision for income taxes may fluctuate in future periods to the extent tax laws and regulations change.
Previous wording
Truckload revenues (excluding fuel surcharge) increased $9.7 million, or 1%, in the six months ended June 30, 2026, compared to the same period in 2025, driven by increases in rate per billed and total mile for both Network and Dedicated, respectively, and an increase in Network volume. These factors were partially offset by a decrease in volume within Dedicated.
Current wording
Truckload revenues (excluding fuel surcharge) increased $10.0 million, or 1%, in the nine months ended September 30, 2026 compared to the same period in 2025, driven by a 7% increase in rate per billed mile within Network and a 1% increase in rate per total mile within Dedicated. These factors were partially offset by volume decreases within Network and Dedicated.
Previous wording
Truckload income from operations increased $6.4 million, approximately 10%, in the six months ended June 30, 2026 compared to the same period in 2025. Factors contributing to the increase include the revenue impacts noted above, as well as fuel surcharge recovery and lower depreciation expense due to reduced equipment count. These favorable impacts were partially offset by increased purchased transportation, incentive compensation, and maintenance expenses.
Current wording
Truckload income from operations increased $30.3 million, approximately 36%, in the nine months ended September 30, 2026 compared to the same period in 2025. Factors contributing to the increase include the revenue impacts noted above, as well as fuel surcharge recovery, acquisition-related cost synergies, higher gain on sales of equipment, and lower depreciation expense due to reduced equipment count. These favorable impacts were partially offset by increased purchased transportation and maintenance expenses.
Previous wording
Intermodal revenues (excluding fuel surcharge) decreased $10.0 million, approximately 2%, in the six months ended June 30, 2026, compared to the same period in 2025, primarily from a 3% decrease in revenue per order, reflecting shorter length of haul, partially offset by an increase in volume.
Current wording
Intermodal revenues (excluding fuel surcharge) decreased $3.7 million in the nine months ended September 30, 2026 compared to the same period in 2025, primarily from a 1% decrease in revenue per order, reflecting shorter length of haul.
Previous wording
Intermodal income from operations decreased $0.6 million, approximately 2%, in the six months ended June 30, 2026, compared to the same period in 2025, mainly resulting from the revenue impacts listed above and increased purchased transportation costs, partially offset by fuel surcharge recovery, increased gains on sales of equipment, and decreased salaries and wages expense, related to reduced headcount.
Current wording
Intermodal income from operations increased $5.2 million, approximately 11%, in the nine months ended September 30, 2026 compared to the same period in 2025, mainly resulting from freight mix and increased gains on sales of equipment, partially offset by increased maintenance costs.
Previous wording
Logistics revenues (excluding fuel surcharge) increased $16.8 million, approximately 3%, in the six months ended June 30, 2026, compared to the same period in 2025, mainly due to higher revenue per order within our brokerage business, partially offset by lower volume.
Current wording
Logistics revenues (excluding fuel surcharge) increased $57.2 million, approximately 6%, in the nine months ended September 30, 2026 compared to the same period in 2025, mainly due to higher revenue per order within our brokerage business, partially offset by lower volume.
Previous wording
Logistics income from operations increased $2.6 million, approximately 16%, in the six months ended June 30, 2026, compared to the same period in 2025, primarily due to the revenue impacts listed above and other cost reduction actions. These factors were partially offset by increased third party purchased transportation costs.
Current wording
Logistics income from operations decreased $3.8 million, approximately 17%, in the nine months ended September 30, 2026 compared to the same period in 2025, primarily due to increased third-party purchased transportation expense and higher insurance costs reflective of a specific prior year claim, partially offset by the revenue impacts listed above along with other cost reduction actions.
Previous wording
Other loss from operations in the six months ended June 30, 2026 was comparable to the same period in 2025.
Current wording
Other loss from operations in the nine months ended September 30, 2026 was comparable to the same period in 2025.
Showing the first 40 of 46 pairs. Open the source sections for the rest.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
•Other general expenses decreased $2.3 million, or 7%, primarily reflecting reduced professional service costs as a result of cost-containment actions.
Previous report — wording carried elsewhere
These increases were partially offset by: