Schneider National, Inc. reported its fourth-quarter 2024 financial results, showing a decline in operating revenues to $1.34 billion from $1.37 billion in the same period in 2023. However, income from operations increased 35% to $42.4 million, with diluted earnings per share rising to $0.18 from $0.15 in the prior year. Adjusted diluted earnings per share were $0.20, compared to $0.16 in 2023. The company provided 2025 guidance for adjusted diluted earnings per share between $0.90 and $1.20, with net capital expenditures projected at $400-$450 million.
CEO Mark Rourke noted that seasonal patterns returned to the freight market, and demand showed improvement as carriers exited the market. The company's Truckload segment saw revenue growth, particularly in its Dedicated business, which now represents 70% of the segment following the acquisition of Cowan Systems. Intermodal achieved its second consecutive quarter of year-over-year earnings growth, while Logistics saw a 39% increase in income from operations.
Schneider ended the year with $526.8 million in debt, up from $302.1 million in 2023, and $117.6 million in cash and cash equivalents. Free cash flow increased by $199.6 million year-over-year, despite lower capital expenditures on transportation equipment.
Looking ahead, Schneider expects improving freight market conditions in 2025, with a focus on margin restoration and long-term growth. The company aims to improve Truckload profitability, expand Intermodal volumes, and continue leveraging technology in its Logistics segment.