Schneider Is a Top-Tier Transport
Much of newly public Schneider National's business is commoditized, but its intermodal and logistics segments are well positioned.
Much of newly public Schneider National's business is commoditized, but its intermodal and logistics segments are well positioned.
Matt Young: We recently initiated coverage on newly public multimodal transportation and logistics provider Schneider National, which held its IPO in April at $19 per share. The stock is currently trading at about $20, not far off our $21 fair value estimate.
We did not award an economic moat to Schneider overall because of its flagship truckload shipping unit, which operates in a highly commoditized marketplace. That said, investors should note that Schneider is a high-quality transport, and its intermodal and asset-light logistics segments do show signs of having a narrow moat.
Matthew Young does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.