Schneider National hits 33rd straight year of growth
Feb 2, 2006 9:33 PM
Schneider National Inc. reported solid financial performance for 2005, achieving consolidated revenue growth and ending the year with $3.5 billion in revenue, up from $3.2 billion in 2004. The accomplishment marks the company's 33rd consecutive year of growth.
"Amid driver capacity constraints, rising fuel prices and government regulations, we continue to bring customers the solutions that help them succeed in an increasingly global and competitive market," said Chris Lofgren, president and CEO of Schneider National Inc. "We are very proud of our continuous growth over the past 33 years, and are committed to building on that strong foundation as we expand our international operations in 2006."
In 2005, Schneider National strategically expanded its global portfolio of services to meet client demand, including the acquisition of American Port Services, a leading U.S. provider of port transloading/deconsolidation, warehousing and distribution services, and by opening an office in Shanghai, China. In addition, the company made strides to address the tight driver capacity market by instituting the largest driver compensation package in company history, and by introducing several new work-life improvement programs for company drivers and owner-operators. Schneider continued to make history in 2005, enjoying its safest year on record and investing in its equipment to deliver the newest fleet in company history.
Schneider's positive financial performance in 2005 includes a 30 percent increase in growth for Schneider Logistics, which includes Supply Chain Management, Transportation Management, International Services and Payment Services.
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