Skip to Content
Stock Strategist

Newly Public Schneider Emerges as a High-Quality Transport

Its truckload division isn’t in the fast lane to a moat, but the network effect delivers for intermodal and logistics.

Mentioned: , , , , , , , , ,

 Schneider National (SNDR) is the second-largest asset-based full-truckload carrier, including its numerous for-hire and dedicated-contract operations. It also ranks among the major intermodal marketing companies, and its asset-light logistics unit runs a sizable truck brokerage business that’s worked its way into the top 20 providers in a highly fragmented marketplace.

Schneider completed its initial public offering in April, though it’s been in operation for more than 80 years. Before its IPO, Schneider was a quiet company with limited public disclosure surrounding its logistics operations. However, it’s become evident to us that the company is a high-quality, well-diversified truckload carrier with sufficient scale and a solid competitive foothold in the intermodal and truck brokerage marketplaces.

Matthew Young does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.