Schneider National Inc has reported strong operational performance for 2002. The Green Bay WI-based company achieved 130% of its 2002 cost-reduction effort targets. Record revenue growth of more than 12% was a result of its portfolio of services, driver capacity increases, and continued positive safety performance results.
A net 1,257 drivers, 200 of whom were team drivers to support Schneider National's Expedited-Team service, were added by Schneider National. The company won 11 customer awards, including Wal-Mart's Truckload Carrier of the Year, and was the only carrier in 2002 to win three awards for customer service as part of Logistics Management magazine's “Quest for Quality.”
Business grew 19% at Schneider Intermodal. Schneider Logistics — a wholly owned subsidiary of Schneider National — reported revenue growth of 27.4% in 2002, a 28% increase in purchased transportation, and 15% growth in managed shipments. In its first full year of operation, Schneider Logistics' collaborative transportation procurement product, SUMIT CVA (combined value auction), helped shippers save more than $28 million in long-term freight contracts.