Page 1

SCHNEIDER Schneider National , Inc. Announces First Quarter 2021 Results Operating Revenues $ 1.2 billion ; $ 1.1 billion in 2020 • Income from Operations $ 76.2 million ; $ 54.9 million in 2020 • Diluted Earnings Per Share $ 0.31 ; $ 0.25 in 2020 . Adjusted Diluted Earnings Per Share $ 0.31 ; $ 0.24 in 2020 Green Bay , Wis . - April 29 , 2021 - Schneider National , Inc. ( NYSE : SNDR , “ Schneider ” or the “ Company ” ) , a leading transportation and logistics services company , today announced results for the three months ended March 31 , 2021 . “ Our first quarter results affirm our strategy of a scaled , multi - modal portfolio providing enterprise solutions for our customers , ” said Mark Rourke , Chief Executive Officer and President of Schneider . " Weather conditions in the quarter disrupted operations and impacted results in all our segments above that of an average year . In our Truckload segment , effective yield management and dedicated new business offset the impact of challenged driver capacity conditions and severe weather . Our Intermodal segment grew earnings 23 % year over year , as favorable growth in our Eastern operations outweighed a series of disruptions in the network . Our Logistics segment achieved record first quarter revenue and earnings , aided by our broad qualified carrier network and expanded leverage of the Schneider FreightPowerⓇ platform . " Rourke continued , “ Despite the restricted driver capacity and lack of intermodal fluidity , we delivered the most profitable first quarter in our history , and our 2021 objectives to drive growth , enhance margins , and deliver shareholder value remain intact . ” Results of Operations ( unaudited ) The following table summarizes the Company's results of operations for the periods indicated . ( in millions , except ratios & per share amounts ) Operating revenues Revenues ( excluding fuel surcharge ) Income from operations Adjusted income from operations Operating ratio Adjusted operating ratio Net income Adjusted net income Diluted earnings per share Adjusted diluted earnings per share Weighted average diluted shares outstanding 1 Three Months Ended March 31 , 2021 $ 1,228.6 1,138.4 76.2 2020 $ 1,119.1 Change 10 % 1,016.1 12 % 54.9 39 % 76.2 53.7 42 % 93.8 % 95.1 % 130 bps 93.3 % 94.7 % 140 bps $ 54.8 $ 43.8 25 % 54.8 42.9 28 % 0.31 0.25 24 % 0.31 0.24 29 % 177.8 177.4 0.4