Shares of Schneider National Inc. (SNDR) tumbled 5.66% in pre-market trading on Thursday following the release of its third-quarter earnings report, which fell short of analyst expectations. The transportation and logistics services provider reported disappointing results and provided a cautious outlook, prompting investors to reassess their positions.

Schneider National announced adjusted earnings per share (EPS) of $0.12 for the third quarter, significantly missing the consensus estimate of $0.22 provided by 14 analysts. While the company's revenue of $1.45 billion slightly beat expectations of $1.44 billion, the bottom line was heavily impacted by higher claims costs. These increased costs negatively affected earnings by $16 million, or approximately $0.07 per share.

Adding to investor concerns, Schneider National lowered its full-year 2025 adjusted EPS guidance to approximately $0.70. The company also warned that sub-seasonal trends are expected to persist for the remainder of the year, signaling potential challenges ahead. This cautious outlook, combined with the earnings miss, likely contributed to the sharp pre-market decline as investors adjust their expectations for the company's near-term performance in the face of ongoing industry headwinds.