Five years after initial public offering, growth drives Schneider forward
GREEN BAY, Wis. (April 6, 2022) – On the heels of the most profitable year in company history, Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is celebrating the fifth anniversary of its initial public offering (IPO).
Since the IPO five years ago, Logistics and Intermodal revenues have doubled and in 2021 these segments represented nearly half of enterprise earnings. Schneider has also increased its investments in industry-leading technology, such as Schneider FreightPower®, an online marketplace that seamlessly gives shippers instant access to reliable capacity and connects carriers to quality freight. Innovation investments are a key component of the company’s strategy to further build a multimodal transportation platform of scale.
In addition, the company has significantly expanded its footprint in serving Dedicated customers, including acquisitive growth with the addition of Midwest Logistics Systems (MLS) at the end of 2021.
“As I look back over the last five years, I am proud of all the accomplishments we have made across our enterprise,” said Schneider President and CEO Mark Rourke. “I am even more excited about the path ahead as we continue to build the most diverse and resilient transportation and logistics platform and deliver value to our customers and shareholders.”
To invest and learn more about Schneider, go to investors.schneider.com.