#1FOURTH QUARTER 2023 Investor Presentation INNOVATIVE - RESILIENT - DRIVEN CHNEIDER SCHNEIDER#2Presentation highlights • BUSINESS OVERVIEW • STRATEGY • CAPITAL ALLOCATION TECHNOLOGY AND INNOVATION • PEOPLE AND VALUES • SECULAR TRENDS • INVEST WITH SNDR • CURRENT RESULTS AND OUTLOOK • APPENDIX 2 SCHN SCHNEIDER#3BUSINESS OVERVIEW Schneider: By the numbers. 3 O 9.4 million freight miles per day* MM M M $2.4 billion in third-party freight managed per year* 240 properties worldwide $5.5 billion annual operating revenues* 380 number of times Schneider loads circle the globe per day* 99.99% theft-free loads 13% This couldn't be done without 17,300 associates worldwide* 6,560 drivers who've driven more than one million miles safely* 780 current drivers who've driven more than one million miles safely* 975 current drivers with more than one million safe and 10 consecutive years of safe driving* 1.5 million 50,000 qualified carrier relationships* zero emission miles* 89 2,010 owner-operator business relationships* 10,600 company tractors* 47,300 company trailers* 27,430 intermodal containers* 23,800 intermodal chassis* associates with military experience years in business (founded in 1935) (self-reported)* *Number is an approximate. 2024 Schneider, ENT-IG-213-S-FEB2021 SCHNEIDER#4BUSINESS OVERVIEW Experienced leadership, focused on growth and delivering shareholder value 4 Mark Rourke • Chief Executive Officer and President since 2019, previously serving as Executive Vice President and Chief Operating Officer. Started at Schneider in 1987 as a service team leader. Has held a variety of leadership roles including President of Truckload Services and General Manager of Schneider Transportation Management. Darrell Campbell • • Executive Vice President, Chief Financial Officer since 2023, previously serving as Group Vice President of Strategy and Finance for JM Family Enterprises, Inc. Served as Chief Financial Officer for Carnival Cruise Line and Corporate Treasurer for Carnival Corporation & plc, and a partner at PricewaterhouseCoopers LLP. Jim Filter • • Executive Vice President, Group President of Transportation and Logistics since 2022, previously serving as Senior Vice President/General Manager of Intermodal and Chief Commercial Officer. Started his career at Schneider in 1998 as a maintenance team leader. SCHNEIDER®#5BUSINESS OVERVIEW Driven by our uncompromising values to deliver the goods that enhance the lives of people everywhere. 5 LO Truckload Segment Intermodal Segment Logistics Segment Over the road freight transportation via dry van, bulk, temperature-controlled and flat- bed trailers across either network (irregular route) or dedicated (structured route) contracts. Includes regional, long-haul, expedited and cross-border services. Door-to-door company-owned container on flat car service through a combination of rail and company dray driver transportation, in association with our rail providers. Asset-light freight brokerage, including Power Only services which leverages our nationwide trailer pools to match third-party capacity with customer demand, supply chain (including 3PL), warehousing and import/export services. SCHNEIDER#6BUSINESS OVERVIEW Truckload consists primarily of Dedicated contract configurations, complemented by a trailer-centric Network operation. Dedicated 6 • Contracted and consistent capacity through freight cycles • • • • • Multi-year contracts with 90%+ renewal rates Driver-preferred alignment Organic and acquisitive growth focus Approximately 6,700 trucks and growing; one of the largest publicly-held dedicated providers in North America Network Scaled, irregular route full truckload operation with best-in-class network management • Services include long-haul, expedited, cross-border and regional • Augmented by Power Only, a flexible option to solution customers' freight • 4,300+ trucks; one of the premier network operators in North America • Approximately 47,000 trailers across our Enterprise SCHNEIDER#77 BUSINESS OVERVIEW Intermodal's goal is to double in size by 2030, leveraging our differentiated company-owned container, chassis and dray model. SCHE . • Nearly 27,000 company-owned containers and 23,000 company-owned chassis Approximately 1,500 company dray tractors, executing the majority of dray movements Operating nearly 100 zero emission battery-electric trucks in our intermodal business to further support our green initiatives Exclusive agreements with Precision Scheduled Railroad (PSR) rail providers - CSX (East), Union Pacific (West) and CPKC (Mexico) Provide customers with solutions to reduce carbon emissions; a container can be shipped 500 miles on the equivalent of a single gallon of diesel • Third largest publicly-held intermodal carrier in North America SCHNEIDER#8BUSINESS OVERVIEW Logistics continues to grow share by connecting shippers and carriers of all sizes through our advanced brokerage solutions, including Power Only. Schneider FreightPower® 8 • • • . 50,000+ qualified carriers in our network Enabled by proprietary Schneider FreightPower® technology which digitally aggregates freight and capacity • Largest Power Only network in the industry A leader in supply chain digitalization Provider of expertise in port dray, warehousing and supply chain management SCHNEIDER#9BUSINESS OVERVIEW Our strong financial position is built on diligent capital allocation, the relentless pursuit of profitable growth and delivering shareholder value. Operating revenues Income from operations Free cash flow Adjusted diluted earnings per share $4,384 $5,499 O $280 $296 $109 $106 $0.94 2017 2023 2017 2023 2017 2023 2017 $1.37 2023 In millions, except EPS. See Appendix for non-GAAP reconciliations. SCHNEIDER#10BUSINESS OVERVIEW Comprehensive North American footprint with industry-leading safety, culture and performance. 10 10 10% Headquarters Truckload Operating Centers Intermodal Ramps Logistics Facilities SCHNEIDER#11STRATEGY Our strategy is to deliver a superior portfolio of services that enables our business to prosper and achieve sustainable growth in revenue and earnings performance and shareholder value. Strategic approach Deploy capital to targeted service offerings in support of our goal to enhance shareholder return and grow the enterprise Further advance our portfolio of services, through organic and acquisitive methods, to ensure resiliency through economic cycles and maximize the value for our customers Design and implement digital-enabled tools that dramatically increase the speed and accuracy of information sharing and visibility with all stakeholders Advance our ESG goals and provide sustainability options, tools and services for our customers to reduce their carbon footprint Always delivering, always ahead SAFETY CUSTOMERS EXCELLE ASSOCIATES OPERATIONAL EXCELLENCE BUSINESS INTEGRITY RESPECT 11 SCHNEIDER#12STRATEGY Schneider's strategic growth areas are Intermodal, Logistics and Dedicated. We have purposefully reshaped the portfolio since our April 2017 IPO to enable resiliency through cycles. 12 Increased earnings contribution from Intermodal and Logistics Based on sum of Truckload, Intermodal and Logistics 31% Increased Dedicated mix within Truckload fleet 41% 33% 61% 2017 2023 2017 2023 SCHNEIDER#13CAPITAL ALLOCATION Schneider's use-of-cash strategy creates a balance between growth, shareholder returns and resilient financial performance. 13 Maintain strong balance sheet • Maintain investment • grade financial position Ensure maximum resiliency and flexibility through business cycles Execute disciplined capital allocation priorities Fund operating and growth needs • • Maintain optimal 'age of fleet' lifecycle Fund organic growth opportunities that maximize total shareholder return Invest in digital-enabled tools that enable operational excellence and strong customer satisfaction Fund acquisitive growth needs Committed to shareholder value Deliver business growth through synergistic and accretive acquisitions • Deliver reliable and consistent quarterly dividends Target steady increase to quarterly dividends Advance $150M share repurchase program SCHNEIDER#14CAPITAL ALLOCATION Committed to disciplined capital deployment and delivering long-term shareholder value 14 Share repurchase program 2023 activity $66.2 M $83.8 M Announced our inaugural $150.0 million, three-year share repurchase program in February 2023, which is a complementary component to our capital allocation strategy Approximately $83.8 million remaining in current authorization as of Dec 31, 2023 Repurchased nearly 2.5 million shares in 2023 010 Quarterly dividends As of Dec 31, 2023 004 000 H 34 10 2018 408 209 30 40 100 200 300 400 10 20 30 40 107 107 407 108 03 • *Does not include the $2.00 special dividend paid in Nov 2020 Committed to delivering consistent and reliable quarterly dividends $63.6 million paid out year to date as of December 31, 2023 • Increased 80% since our IPO in April 2017 SCHNEIDER#15TECHNOLOGY AND INNOVATION Our technology aims to advance and simplify core business processes, eliminate complexity in decision making and elevate information flow with key stakeholders. • Our proprietary Schneider Freight PowerⓇ platform and marketplace drive growth into the enterprise by creating seamless digital connections with shippers and carriers. Schneider FreightPower We continue to embrace data science, generative Al and automation across the business to enhance decision making, revenue management efforts and network balance through all capacity types. • Through all market conditions, we continue to invest in and advance the cutting-edge technology that drives transformational innovation across the supply chain ecosystem and the industries we serve. Get Started 15 SCHNEIDER#16PEOPLE AND VALUES How we do it is as important: Living out our core values in support of our vision. 604099 SAFETY FIRST AND ALWAYS Thankyou Schneider Foundation! RESPECT FOR ALL TIME WORLD'S BEST COMPANIES DIY WITH statista 2023 INTEGRITY IN EVERY ACTION SCHNEIDE PPP 1131 EXCELLENCE IN WHAT WE DO Schneider trucks are spec'd with the most advanced safety technology in the industry. Schneider has provided nearly $11 million in Foundation and Diversity Grants in the five years. Schneider named one of TIME World's Best Companies of 2023 Schneider becomes first major carrier to achieve 1 million zero emission miles with Freightliner eCascadia 16 SCHNEIDER#17PEOPLE AND VALUES Our commitment to sustainability allows us to authentically address a changing landscape to build a fleet and workforce for the future. CO₂ NEW YORK SCHNEIDER DELIVERS ONE MILLION ZERO EMISSION MILES SCHNEIDER Sustainability goals: CO₂ Reduce CO2 emissions by 7.5% per mile by 2025. Achieve 60% reduction in CO2 emissions per mile by 2025. Double Schneider's Intermodal size by 2030, thus reducing carbon emissions by an additional 700 million pounds per year. Achieve net zero status for all company-owned facilities by 2035. SCHNEIDER 17 Sustainability milestones met: One million emission free miles in 2023 with our fleet of eCascadia BEVs. SNDR LISTED SCHNEIDER SNDR LISTED NYSE NYSE Closing bell ceremony, New York Stock Exchange SCHNEIDER#18SECULAR TRENDS Secular trends that drive our strategy and our future growth. 18 Truckload Customers value committed contract freight in order to build reliability and resiliency into their supply chains. • Our Dedicated business provides customers with expedited, specialty and customized freight solutions for their dynamic and evolving needs. We are investing in our Dedicated fleet through organic and acquisitive means: 750 tractors added in 2023 alone. • Intermodal Logistics Increased focus on sustainability goals for all stakeholders. Intermodal is the greenest method of long-distance freight transportation. Introduced nearly 100 zero emission battery-electric trucks into our intermodal business to further support our green initiatives. Expanding rail partnerships to take advantage of nearshoring freight opportunities out of Mexico with CPKC. Capacity conditions are expected to remain pressured in the transportation market. • We are increasing digital connections between our vast carrier and shipper networks for increased efficiency and visibility. Solving customers' capacity needs through our Schneider FreightPowerⓇ platform and embracing data science, generative Al and automation across the business. Remain the carrier of choice for 3rd party capacity due to our technology, scale and capabilities. SCHNEIDER#19INVEST WITH SNDR Positioned for value creation and growth at the forefront of the transportation industry. 19 Technology leader and innovator Diversity of customers and end markets Supports enterprise resiliency through business cycles. Strong cash flow and disciplined capital deployment Low leverage profile with ample access to capital. ⚫ Focus on both organic and . acquisitive growth. Increasing returns to shareholders. • Proprietary Schneider Freight PowerⓇ technology for shippers and carriers. • Leader in digital supply chain technologies, decision science, automation and visibility. Industry-leading safety technologies. • Enabled by customer optionality across portfolio of services. • Provides additional growth opportunities across our Enterprise. • 0 000 Premier multimodal transportation platform Most diverse logistics and transportation platform in North America. • Portfolio of services enables growth and resiliency. Focus on strategic growth drivers of Dedicated, Intermodal and Logistics. SCHNEIDER#20ናና We recognized stabilization in network operating conditions through the end of the year along with continued momentum in dedicated, while logistics faced ongoing pricing challenges." CURRENT RESULTS AND OUTLOOK Our focus remains on positioning the business for the impending freight recovery, executing on our strategic growth objectives and continuing to deliver shareholder value. 4Q22 4Q23 FY22 FY23 $1,348 $1,195 $5,742 $4,815 Operating Revenues $1,562 $1,372 $6,604 $5,499 Revenues (xFSC) Income from Operations $143 $31 $600 $296 Adjusted Income from Operations $148 $33 $617 $303 Diluted EPS $0.62 $0.15 $2.56 $1.34 20 20 In millions, except EPS. See Appendix for non-GAAP reconciliations. SCHNEIDER® Adjusted Diluted EPS $0.64 $0.16 $2.64 $1.37 Chief Executive Officer Adjusted EBITDA $240 $133 $967 $685 Mark Rourke President and#21CURRENT RESULTS AND OUTLOOK 4Q23 Enterprise Results 21 Operating revenues Revenues excluding fuel surcharge Our fourth quarter results reflect the persistent challenges of the current freight environment, as well as costs primarily related to the adverse development of two recent accident claims. $1,562 $1,372 $1,348 $1,195 4022 4023 4022 4023 Adjusted operating income Adjusted diluted earnings per share $148 $33 4Q22 4023 $0.64 $0.16 4022 In millions, except EPS. See Appendix for non-GAAP reconciliations. SCHNEIDER#22CURRENT RESULTS AND OUTLOOK 4Q23 Truckload Results Revenues increased primarily due to the impact of dedicated organic and acquisitive growth, partially offset by lower pricing in network YoY. Truckload network volumes improved and price stabilized sequentially through the quarter. Earnings were lower YoY due to lower network pricing, as well as increased claims cost, a net loss on the sale of equipment and inflationary costs. Long term margin target 12-16% Revenues excluding fuel surcharge Income from operations $545 $551 $69 $19 4022 4023 4022 4023 Margin 12.6% 3.4% 4022 4023 Average tractor fleet Dedicated ■Network 5,967 6,641 4,539 4,301 4022 4023 22 22 SCHNEIDER Revenue and income from operations in millions. See Appendix for non-GAAP reconciliations.#23CURRENT RESULTS AND OUTLOOK 4Q23 Intermodal Results • Revenues decreased YoY primarily due to 17% lower revenue per order. Volumes decreased 1% YoY though increased sequentially throughout the quarter. Earnings were lower YoY due to lower pricing and volumes, as well as increased empty repositioning and claims cost. Revenues excluding fuel surcharge Income from operations $316 $261 $53 4022 4022 4023 4023 Margin Containers 23 23 Long term margin target 10-14% 16.7% 2.4% 4022 4023 28,035 26,991 4022 4023 Revenue and income from operations in millions. See Appendix for non-GAAP reconciliations. SCHNEIDER#24CURRENT RESULTS AND OUTLOOK 4Q23 Logistics Results Revenues were lower primarily due to decreased revenue per order and lower brokerage volume YoY. Earnings declined largely due to lower net revenue per order. Logistics continues to drive new business into the Enterprise through both brokerage and Power Only offerings. Revenues excluding fuel surcharge $425 $342 4022 4023 24 24 Long term margin target 5-7% Margin 5.7% 1.8% 4022 4023 Income from operations $24 $6 4022 4023 Revenue and income from operations in millions. See Appendix for non-GAAP reconciliations. SCHNEIDER#25CURRENT RESULTS AND OUTLOOK We believe the signs of stabilization seen in the fourth quarter may be indicative of a broader freight market rebalancing ahead of us in 2024. $1.15 - $1.30 Full year 2024 adjusted diluted earnings per share guidance D 04 We are intently focused on our targeted actions to restore margins, deliver on our commercial and operational objectives and further execute on our cost containment strategies." 25 $ $400 - $450 million Full year 2024 net capital expenditures guidance Darrell Campbell, Executive Vice President, Chief Financial Officer SCHNEIDER#26Disclaimer and Forward- Looking Statements Steve Bindas Director of Investor Relations 920-357-SNDR [email protected] Special Note Regarding Forward-Looking Statements This presentation contains and, any commentary or discussion by management of the content of this presentation may include "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"), which express management's current views, expectations, beliefs, plans, or forecasts with respect to a variety of matters or future events which are relevant or potentially impactful to our financial performance, results of operations, future economic conditions, growth strategies, secular trends in our business and industry, our strategic investments or contingencies and risks and such statements and content are intended to come within the safe harbor protection provided by the Act. Forward-looking statements are often characterized by words or phrases such as "may," "will," "could," "should," "would," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "prospects," "potential," "forecast," and other words, terms, and phrases of similar meaning. Forward-looking statements involve estimates, expectations, projections, goals, forecasts or assumptions which are subject to certain risks and uncertainties. Any investor or potential investor is cautioned that a forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. A detailed discussion of the factors and other risks that could cause actual results to differ materially from those expressed or implied in forward-looking statements is discussed in our SEC filings, including our most recent report on Form 10-K, particularly under Item 1A, Risk Factors as supplemented by Item 1A, Risk Factors, in our most recently filed Quarterly Report on Form 10-Q. Copies of these filings are available on the SEC's website (www.sec.gov), on Schneider's Investor Relations website (www.investors.schneider.com) or by contacting Schneider's Investor Relations Department at (920) 357-7637. Non-GAAP Financial Measures Reconciliation This presentation also includes and, management may reference when discussing its content, certain non-GAAP financial measures, including revenues (excluding fuel surcharge), adjusted income from operations, adjusted net income, adjusted diluted earnings per share (EPS), adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and free cash flow. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance investors' overall understanding of the Company's historical financial performance and management also uses these measures internally to assess the operating performance of its business, to assess performance for employee compensation purposes, and to decide how to allocate resources. However, investors should not consider any of these non-GAAP measures in isolation from, or as a substitute for, the financial information that the Company reports. Likewise, these non-GAAP measures should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. A reconciliation of the non-GAAP measures and the most directly comparable financial measures calculated in accordance with U.S. GAAP is provided in the appendix of this presentation and is available on the Company's website at www.investors.schneider.com. 26 SCHNEIDER#27Appendix#28APPENDIX Non-GAAP Reconciliation-Revenues Excluding Fuel Surcharge¹ Non-GAAP Reconciliation-Adjusted Income from Operations¹ ($M) FY2017 FY2022 FY2023 4Q22 4Q23 ($M) FY2017 FY2022 FY2023 4Q22 4Q23 Operating revenues $4,384 $6,604 $5,499 $1,562 $1,372 Income from operations $280 $600 $296 $143 $31 Litigation and audit assessments² 62 3 Less: fuel surcharge revenues 386 863 684 214 177 Revenues excluding fuel surcharge Duplicate chassis costs³ 15 $3,997 $5,742 $4,815 $1,348 $1,195 WSL contingent consideration adjustment4 (14) I 1 Acquisition-related costs6 Non-GAAP Reconciliation-Adjusted Net Income¹ Property gain - net ($M) FY2017 FY2022 FY2023 4Q22 4Q23 Amortization of intangible assets Sale of business⁹ Net income $390 $458 $239 $110 $27 Adjusted income from operations $282 1 (51) 3 1 5 5 $617 $303 $148 $33 Litigation and audit assessments² 62 3 1. Table may not sum due to rounding. Duplicate chassis costs³ 15 WSL contingent consideration adjustment4 (14) Tax Cuts and Jobs Act5 (230) 1 I Acquisition-related costs6 0 1 . . Property gain net? (51) Amortization of intangible assets 3 1 Sale of business9 5 5 Income tax adjustment10 (1) (3) (2) 0 Adjusted net income $161 $472 $243 $115 $28 2. 2023- Includes $2.9M and $5.2M for the years ended Dec 31, 2023 and Dec 31, 2022, respectively, for charges related to adverse audit assessments for prior period state sales tax on rolling stock equipment used within that state. 2022- Includes a $57.0M charge for an adverse settlement related to a lawsuit with former owners of WSL, inclusive of prejudgment interest and the former owners' attorneys' fees. 3. As of December 31, 2017, the Company completed its migration to an owned chassis model, which required the replacement of rented chassis with owned chassis. Accordingly, the Company adjusted its income from operations for rental costs related to idle chasses as rented units were replaced. 4. Represents a fair value adjustment to the contingent consideration related to the acquisition of Watkins Shepard and Lodeso (WSL). 5. Represents the effect on deferred assets and liabilities of the change in the federal income tax rate from 35% to 21% as a result of the Tax Cuts and Jobs Act enacted in December 2017. 6. Advisory, legal and accounting costs related to the Company's acquisitions. 7. Net gain on the sale of our Canadian facility due to a change in approach to servicing Canada. 8. Amortization expense related to intangible assets acquired through recent business acquisitions. As we finalized our purchase accounting adjustments related to intangible assets, and to better reflect our ongoing operations, we made the decision to exclude the related amortization expense from non-GAAP earnings beginning in the fourth quarter of 2023. 9. Includes loss from sale of our China-based logistics operations. 10. Tax impacts are calculated using the applicable consolidated federal and state effective tax rate, modified to remove the impact of tax credit and adjustments not applicable to the specific items. 28 28 SCHNEIDER#29APPENDIX Non-GAAP Reconciliation-Adjusted EBITDA¹ Non-GAAP Reconciliation-Free Cash Flow¹ ($M) FY2017 FY2022 FY2023 4Q22 4Q23 ($M) FY2017 FY2022 FY2023 4Q22 4Q23 Net income $390 $458 $239 $110 $27 Net cash provided by $461 $856 $680 $278 $194 operating activities Provision for (benefit from) (127) 146 68 30 0 Purchases of income taxes (389) (535) (660) (214) (159) transportation equipment Interest expense - net 17 7 7 1 3 Purchases of other (33) (53) (42) (15) (8) Depreciation and property and equipment 279 350 383 92 amortization 32 101 Proceeds from sale of 70 126 129 25 22 Other expense (income) - property and equipment (1) (10) (17) 2 0 net Net capital Litigation and audit (352) (462) (574) (203) (145) assessments 62 expenditures 62 3 . Free cash flow $109 $395 $106 $75 $48 Duplicate chassis costs 15 WSL contingent (14) consideration adjustment Non-GAAP Reconciliation-Adjusted Diluted Earnings per Share¹ Acquisition-related costs 0 1 0 Property gain - net (51) Amortization of intangible assets8 Sale of business Adjusted EBITDA 4Q22 4Q23 Diluted earnings per share $2.56 $1.34 $0.62 $0.15 3 1 Non-GAAP adjustments, tax 0.08 0.03 0.03 0.01 effected 5 5 Adjusted diluted earnings per $2.64 $1.37 $0.64 $0.16 share $561 $967 $685 $240 $133 FY2022 FY2023 1. Table may not sum due to rounding 29 29 SCHNEIDER