Schneider National, Inc. Q1 FY2026 earnings call

• Mark thanked associates, especially drivers, for navigating a dynamic quarter. • Jim discussed freight market with momentum, capacity attrition due to regulatory actions, and demand trends. • Daryl reviewed enterprise and segment financial results, mentioned balance sheet and capital allocation, and maintained 2026 EPS guidance. • Mark discussed enterprise outlook, including actions like building multimodal portfolio, disciplined pricing, and focus on productivity across segments.

Truckload revenues excluding fuel surcharge were $618 million in Q1, up 1% year-over-year. Network revenues grew 4% year-over-year, driven by productivity and price. Intermodal revenues, excluding fuel surcharge, were $254 million in Q1, down 3% year-over-year. Logistics revenues, excluding fuel surcharge, totaled $312 million in Q1, down 6% from same period last year.

Maintained 2026 EPS guidance of $0.70 to $1, assuming an effective tax rate of approximately 24%. Capex guidance for 2026 remains unchanged at $400 million to $450 million.

• Macro uncertainty including higher inflation expectations, softer consumer sentiment, and diminished likelihood of additional rate cuts adding demand risk. • Weather and fuel volatility impacting short-term performance.

• Q: Tom Wadowitz asked about network price increase potential and dedicated business responsiveness.

A: Jim responded on network price renewals and dedicated focus on productivity. • Q: Scott Group asked about intermodal and utilization.

A: Jim discussed intermodal demand and utilization drivers. • Q: Robbie Shanker asked about guidance and AI.

A: Daryl and Mark responded on guidance balance and AI initiatives. • Q: Daniel Moore asked about rate repair cadence and weather/fuel impact.

A: Mark and Daryl discussed rate repair and weather/fuel effects. • Q: Chris Weatherby asked about guidance and margin opportunity.

A: Daryl responded on guidance balance and margin path. • Q: Jordan Alliger asked about revenue per truck per week and spot exposure.

A: Jim responded on components of revenue per truck per week and spot exposure. • Q: Jonathan Chapelle asked about logistics margin.

A: Mark and Jim discussed logistics margin improvement. • Q: Ariel Rosa asked about dedicated contracts and truck additions.

A: Jim responded on dedicated contract details and truck focus on productivity