Schneider Results 2006: Performance marks 34th consecutive year of growth

published: cw 05, 2007 in Logistics & Shipping

Schneider National, Inc., a premier provider of transportation, logistics and intermodal services, today announced its 2006 financial results. The company achieved consolidated revenue growth for the 34th consecutive year, ending 2006 with $3.7 billion in revenue, up from $3.4 billion in 2005 (restated).

“Like previous years, the transportation and logistics industry faced challenges across the board in 2006 — from the driver shortage to volatile fuel prices and the lack of a traditional surge season in fourth quarter,” said Chris Lofgren, president and CEO of Schneider National, Inc. “Our growth is indicative of our ability to provide customers with creative, forward-thinking solutions that meet their capacity needs without compromising service. By offering differentiated solutions that are both strategic and cost effective, we will continue to gain momentum this year.”

In 2006, Schneider National expanded its global portfolio of services to meet customer demand through the strategic acquisition of American Overseas Air Freight, an international freight forwarder and a licensed United States Customs Broker, and by announcing its pending acquisition of a Chinese-based carrier to serve the domestic Chinese shipping market.

In addition, the company made strides to address the tight driver market by joining forces with AARP to actively recruit mature Americans. The effort resulted in a 42 percent increase in mature driver hires (2005 vs. 2006) and demonstrates the company’s creativity in addressing one of the industry’s most pressing issues.

Schneider’s 2005 revenue results of $3.5 billion were restated to $3.4 billion to account for the divestitures of Schneider Specialized and Schneider Payment Services in summer 2006.

Schneider National, Inc. is a premier provider of truckload, logistics and intermodal services. Serving more than two-thirds of the FORTUNE 500® companies, Schneider National offers the broadest portfolio of services in the industry. The company’s transportation and logistics solutions include One-Way, Intermodal, Transportation Management, Dedicated, Bulk and Specialized. With wholly owned subsidiaries Schneider Logistics, American Port Services and American Overseas Air Freight, Schneider National is the only truckload carrier to offer customers end-to-end domestic and international logistics solutions.

Headquartered in Green Bay, Wis., Schneider National has provided expert transportation and logistics solutions for more than 70 years. A $3.7 billion company, Schneider National conducts business in more than 28 countries in North America, Europe and Asia, and continues to grow its international service offerings.

Source: Schneider National


----- Advertisement -----
First edition, paperback, isbn 978-9-0787-4401-6 First edition, hardcover, isbn 978-9-0787-4402-3
The Glossary of Terms in Logistics & Shipping is the most comprehensive paper-based dictionary and therefore the standard for defining terms used in the area of Logistics and Shipping.

Use this powerful tool to expand your professional vocabulary and ensure that everyone on your team is speaking the same language.


www.theKnowledgeTransfer.com
First edition, paperback, isbn 978-9-0787-4401-6
paperback student version
$ 19,99



First edition, hardcover, isbn 978-9-0787-4402-3</a>
hardcover executive version
$ 29,99