Trucking company Schneider National pursues IPO

Discussion in 'Schneider' started by drvrtech77, Sep 17, 2016.

  1. drvrtech77

    drvrtech77 Road Train Member

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    n">Schneider National Inc, one of the largest truckload carriers in the United States, is exploring an initial public offering (IPO) that could value it at as much as $5 billion, including debt, people familiar with the matter said on Friday.

    Schneider National has asked investment banks vying for an underwriter role in its IPO to make presentations later this month, the people said. The company may seek to raise as much as $700 million in its IPO, one of them added. The sources asked not to be identified because the matter is confidential.

    Schneider National declined to comment.

    http://mobile.reuters.com/article/idUSKCN11M29P
     
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  3. mickeyrat

    mickeyrat Road Train Member

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    oohh
    let it go through. then once its public, class action over mileage.
     
    milehunter43 Thanks this.
  4. TennMan

    TennMan Road Train Member

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    Really, explains alot.
     
    RootHog Thanks this.
  5. cityboy21

    cityboy21 Bobtail Member

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    right. seems like it has been getting worse as of late. went on a run yesterday that the qualcomm showed as 180 miles each way but was only paid for 139 each way. zip codes my ###.
     
    Ooops Thanks this.
  6. CasanovaCruiser

    CasanovaCruiser Road Train Member

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    Anyone else been getting a TON of phone calls and emails from SNI recruiting lately?
    After months of hearing nothing from them I've been wondering what the sudden boost in recruitment is about.

    They even called to tell me recruiters would be staying until like 8pm to talk to drivers. I guess they're making big plans...
     
  7. scythe08

    scythe08 Road Train Member

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    The ads here have fired up big time! 70,000 a year and 7500 sign bonus for experienced drivers. Ive seen some tanker ads back up to 80,000.
    Be an I/C for 180-225k, ect.
     
    CasanovaCruiser Thanks this.
  8. TennMan

    TennMan Road Train Member

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    Gotta get new drivers who don't have a clue as to their operations the hell with improving the company let's just change the drivers.
     
  9. Waggledaddy

    Waggledaddy Medium Load Member

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    @Friday is the informant. They mentioned him accidentally in the article.
     
    ExOTR, 91B20H8, Friday and 1 other person Thank this.
  10. Waggledaddy

    Waggledaddy Medium Load Member

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    I had one 2 days ago. Paid 429 miles. Shortest practical route was 520. 20% not paid. I sent a message complaining. I can't make this up, I was told, I got you a free laundry bag at my desk...... haha
     
    Friday, TennMan and freightwipper Thank this.
  11. TennMan

    TennMan Road Train Member

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    I vaguely remember these conversations having been discussed maybe 6 months ago thought I was crazy or something.
     
    91B20H8, Home_on_wheels and sealevel Thank this.
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