Q2 2026 Schneider National Inc Earnings Call Transcript
Key Points
- Earnings more than doubled sequentially, marking the strongest quarter-over-quarter improvement in the last decade.
- Truckload segment operating income increased 28% year-over-year, with network revenue per truck per week up 16%.
- Logistics segment delivered double-digit year-over-year growth in both revenue and earnings, with operating ratio improving 90 basis points.
- Intermodal achieved its ninth consecutive quarter of volume growth, with operating income up 14% year-over-year.
- The company raised its full-year 2026 EPS guidance to $0.90-$1.10, reflecting confidence in continued momentum.
- Driver availability remains a constraint, impacting tractor count and increasing the cost of capacity.
- Dedicated segment faces near-term churn and the anticipated loss of a large customer, which will be more evident in the second half of the year.
- Intermodal revenue per order declined 2% due to mix changes, and growth was limited by drayage capacity constraints.
- Free cash flow declined $35 million year-over-year in the quarter due to higher net CapEx.
- Demand remains uncertain, with risks from inflationary pressures and interest rates weighing on key end markets.
Ladies and gentlemen, thank you for joining us, and welcome to Schneider National's second quarter 2026 earnings call. (Operator Instructions)
I will now hand the conference over to Christyne McGarvey, Vice President of Investor Relations. Please go ahead.
Thank you, operator, and good afternoon, everyone. Joining me on the call today are Jim Filter, President and Chief Executive Officer; and Darrell Campbell, Executive Vice President and Chief Financial Officer. Earlier today, the company issued an earnings press release. This release and investor presentation are available on the Investor Relations section of our website at schneider.com. Our call will include remarks about future expectations, forecast plans and prospects for Schneider.
These constitute forward-looking statements for the purposes of the safe harbor provisions under applicable federal securities laws. Forward-looking statements involve risks and uncertainties that could cause actual results to
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