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Stock impact report

Freight spend, shipments soft again in August [Yahoo! Finance]

Schneider National, Inc. (SNDR) 
Last schneider national, inc. earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: investors.schneider.com
Company Research Source: Yahoo! Finance
Both shipments and freight spend stepped lower from year-ago levels. Shipments captured by the Cass Freight Index fell 1.9% year over year in August, following a 1.1% y/y decline in July. The August result came in ahead of a projected decline of 3%. “These were the smallest declines in 18 months as goods demand continues to grow slowly, and slowing capacity additions reduce the pressure on for-hire shipments,” the Monday report stated. The volume dataset improved 1% seasonally adjusted from July, a second consecutive monthly increase (up 3.1% seasonally adjusted in July) but remained 12.3% lower than the 2022 level. The shipments index is expected to be down 3% y/y in September and off 3% to 4% for all of 2024 after a 5.5% decline last year. The update from Cass appears to be in line with comments from trucking heads at an investor conference held last week. Some of the nation's largest truckload carriers like Schneider National ( NYSE: SNDR ) and Werner Enterprises ( NASDAQ Show less Read more
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