- Schneider National Inc SNDR is expanding intermodal service by moving its primary western U.S. rail partnership to Union Pacific Corp UNP in 2023. Deal terms not disclosed.
- Schneider will continue to move freight with its current western rail provider for the remainder of 2022 and transition to full service on the Union Pacific rail network on January 1, 2023.
- Schneider's eastern partnership is with CSX Corp CSX.
- Schneider's intermodal network services +45 ramps in North America with over 25,000 Intermodal containers.
- Price Action: SNDR shares are trading lower by 1.48% at $26.70 and UNP higher by 0.62% at $239.51 on Wednesday's last check.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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