Schneider National's Q3 Earnings Fall Short, Capacity Shakeout Expected to Offset Weak Demand

Schneider National's Q3 earnings fell short of expectations, with adjusted EPS of 12 cents, down 6 cents YoY, due to weak demand and higher insurance costs. The company lowered its full-year 2025 adjusted EPS guidance to approximately 70 cents, down from a range of 75 cents to 95 cents. Despite the tough quarter, management believes that heightened regulatory enforcement and weak Class 8 truck orders could lead to a tightening TL market, potentially making the quarter less memorable.