Schneider National, Inc. (NYSE:SNDR) Q3 2023 Earnings Call Transcript

Operator: And there are no other questions. At this time, I will hand the call back over to Mark Rourke.

Mark Rourke : Well, terrific. Thank you, everyone, for your time and attention this morning. I’m just going to close, if I could, by referring you to Page 12 to 15 of our updated investor presentation. As we’ve talked on this call, we continue to be enthused by our dedicated growth success, both organically and through our recent acquisition. The acquisition synergies and the performance are running ahead of our expectations, and it really is just a great credit to the driver shop and operations team at both of those companies. We believe our rail network partners and the relationships we have there are strong, and we believe position us very favorably to take advantage of those substantive opportunities to convert over-the-road movements.

And we enter the next allocation season, and we have a year now under our belt with both the UP and over 6 months with the CPKC in addition to our long-standing alignment with really the best-in-class provider CSX. We’re also addressing our largest improvement opportunity in the network truck business by looking at ways to better optimize our contract and spot market response to price and capacity commitments through how we combine company driver, owner operator and third-party resources, including our power-only options. And then finally, our strong balance sheet does give us optionality to enhance shareholder returns through reinvesting in our core business and services but also by providing attractive dividend yields and the pursuit of additional acquisitive opportunities that advance our strategic priorities and a continued targeted share purchases towards our previously announced $150 million buyback program.

So thank you, and look forward to our follow-ups.

Operator: This concludes today’s conference call. You may now disconnect.