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0 -0.00139146567718002 -0.000927643784786622 -0.00139146567718002 0.000463821892393229 -0.0062615955473099 -0.00510204081632667 -0.00510204081632667
Stock impact report

Schneider National Q3 operating income falls 18% YoY [Yahoo! Finance]

Schneider National, Inc. (SNDR) 
Last schneider national, inc. earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: investors.schneider.com
Company Research Source: Yahoo! Finance
Dive Brief: Schneider National's Q3 income from operations fell 18% year over year to $35.3 million, the carrier reported on Oct. 30. The result aligns with those of other carriers, including Forward Air TFI and Old Dominion Freight Line . Like Schneider, they cited the ongoing weak freight market for faltering profits. During a call with analysts , CEO Mark Rourke said soft business conditions are “likely to persist into the balance of the year.” However, he noted there are signs of better times ahead. “Though this down cycle has been extended, several new dynamics have been introduced over the last few months that are definitive catalysts for the removal of excess capacity after several years of expecting, but not seeing more significant supply rationalization,” Rourke said on the call. Dive Insight: What may help the industry and reduce overcapacity are federal policy changes regarding ELP enforcement non-domiciled CLD identification requirements and trucking driver visa Show less Read more
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