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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.


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.