Schneider National, Inc. (SNDR) Q4 2019 Earnings Call Transcript

Schneider National, Inc. (SNDR) Q4 2019 Earnings Call Transcript

Joining me on the call today are Mark Rourke, president and chief executive officer; and Steve Bruffett, executive vice president and chief financial officer.. With strong Q4 performance, intermodal in 2019, for the first time, surpassed $1 billion in annual revenues, joining the prior achievements of the truckload and logistics segments.. Despite continued brokerage volume growth, logistics did not maintain that threshold level in full-year 2019, primarily due to a large customer insourcing decision in our import/export service line, combined with a more muted pricing environment in brokerage.. We expect to regain this milestone in 2020 as we are positioned for volume growth and improved spot pricing environment as the year progresses.. Overall, the market environment in the quarter was a continuation of the persistent oversupply of capacity trend, particularly in truckload and brokerage.. While we did see promotional activities that reflects the value customers expect from Schneider, especially in the larger, more complex solution set, the pricing and volume of this project-based work was less than what we experienced in the same period in 2018.. In our truckload segment, the core trucking operations, excluding the effects of First to Final Mile, delivered an 89.1% operating ratio for the quarter..