Schneider National's Q3 Mixed as Intermodal Strength Offsets Weakness, UBS Says

01:09 PM EDT, 10/30/2026 (MT Newswires) -- Schneider National's (SNDR) Q3 results were "mixed," with intermodal strength offset by weaker truckload profitability and higher logistics costs, UBS Securities said in a report Friday. The company reported earnings of $0.29 per share, missing the FactSet $0.30 per share consensus and matching the firm's estimate. Intermodal yield rose 3% from a year earlier, UBS said, topping its 2% estimate, while intermodal earnings before interest and taxes came in $3.4 million above the UBS' model. Truckload EBIT of $43.7 million was $2 million below the firm's estimate despite a $9 million boost from higher year-over-year gains on sale. Schneider's logistics business also posted a $12 million sequential decline in EBIT, due in part to an accident claim, the report said. Network truckload performance improved, with revenue per truck per week up 21% on higher pricing and utilization. Schneider also expects rising truckload rates in 2027 against what the firm described as a "fragile backdrop," according to the report. UBS called Schneider's move to Norfolk Southern as its primary Eastern rail partner a "strategic win," saying the agreement could support additional intermodal growth. UBS maintained a neutral rating on Schneider National, and cut its price target to $30 from $31. Price: 29.29, Change: -0.16, Percent Change: -0.54