Schneider CEO says only ‘third inning’ of trucking cycle

DFM Commentary:

Schneider and the rest of the freight industry are suffering from a trucking capacity issue due to driver availability and inventory replenishment. Schneider is focused on driver compensation and increasing its intermodal capability to remediate the issue and take care of more customers. Collaborative data sharing through a clearinghouse to reduce empty miles and maximize productive trips could help solve the capacity issue. as well as reduce carbon emissions.

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Quotes from Article:

“Curing the driver part of the equation will be key…”
“Management believes equipment additions and the company’s tech-savvy intermodal offering should improve its ability to capture share.”

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