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 for the remainder of the year.

Schneider National's adjusted earnings per share (EPS) for Q3 came in at $0.12, significantly below the consensus estimate of $0.22. While the company's revenue of $1.45 billion slightly exceeded expectations of $1.44 billion, the earnings miss overshadowed this positive aspect. The company's bottom line was particularly impacted by higher claims costs, which negatively affected earnings by $16 million, or $0.07 per share.

Adding to investor concerns, Schneider expects sub-seasonal trends to persist for the rest of the year. The company revised its full-year 2025 adjusted EPS guidance to approximately $0.70, indicating continued challenges in the near term. This outlook, combined with the earnings miss, has led to the sharp pre-market decline as investors reassess the company's near-term prospects in a challenging economic environment for the transportation sector.