Schneider National Inc. Announces Major Improvements to Owner-Operator Fuel Surcharge Program
Changes Increase Owner-Operators' Revenue on Both Empty and Loaded Miles
Green Bay, Wis. -- Nov. 3, 2005 -- Schneider National Inc., North America's largest truckload carrier, announced today that it has made significant improvements to its fuel surcharge program for owner-operators and fleet owners. Effective immediately, Schneider will pay fuel surcharges on both empty and loaded miles. The new, enhanced program will increase revenues for owner-operators and fleet owners amid volatile and rapidly rising fuel costs.
Under the updated program, Schneider will now pay a fuel surcharge on both empty and loaded miles, resulting in a significant commitment to the livelihood of the company's owner-operators. Additionally, a new, easy-to-understand payout table will replace the company's previous fuel program formula, with the payout rate based on price bands relative to the weekly Department of Energy fuel price. Finally, the company will eliminate the lag in paying out the fuel surcharge and compensate owner-operators and fleet owners for both the loads and fuel surcharge on the same weekly settlement.
"Fuel continues to be the top cost for owner-operators and fleet owners," said Mike Bethea, field operations manager/contractors for Schneider National. "Today's business climate is a difficult one and we want to help our owner-operators and fleet owners continue to succeed and become more profitable. This investment recognizes the value they bring to Schneider and our clients nationwide."
Schneider National contracts with nearly 3,000 owner-operators and fleet owners across North America. Interested individuals are encouraged to apply by visiting www.schneiderjobs.com or by phone at 1-800-44-PRIDE (1-800-447-7433).
About Schneider National Inc.
Schneider National Inc. is a premier provider of transportation, logistics and related services. Schneider National serves more than two-thirds of the FORTUNE 500® companies, offering the broadest portfolio of services in the industry. Schneider National's transportation solutions include: One-Way Van, Dedicated, Expedited, Intermodal, Brokerage, Bulk and Specialized. Schneider Logistics, a wholly-owned subsidiary of Schneider National, provides supply chain management technology, managed services, engineering services and freight payment.
Headquartered in Green Bay, Wis., Schneider National has a track record of providing expert transportation and logistics solutions. For more information about Schneider National and employment opportunities, visit www.schneider.com or call (800) 558-6767.