{"schema_version":"secwatch.filing_event.v1","accession":"0001692063-24-000141","form_type":"8-K","ticker":"SNDR","cik":"0001692063","company_name":"Schneider National, Inc.","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.246166+00:00","generated_at":"2026-05-29T18:59:13.830775+00:00","sec_items":["1.01","8.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Schneider National acquires Cowan Systems for ~$421M; secures $400M term loan","bullets":["$390M cash for Cowan Systems equity + $31M for real estate (total ~$421M); expected close Q4 2024.","Cowan operates ~1,800 trucks, 7,500 trailers, 40+ locations in Eastern US; provides dedicated, brokerage, drayage, warehousing.","New $400M delayed-draw term loan (Bank of America) maturing Nov 2029; unsecured, used to fund acquisition.","Acquisition expected accretive to EPS in first year before synergies; Cowan to report in Truckload/Logistics segments.","Combined Dedicated fleet >8,400 tractors (~70% of Truckload fleet), cementing Schneider as one of largest dedicated providers."],"urls":{"canonical":"https://secwatch.observer/filing/0001692063-24-000141","json":"https://secwatch.observer/filing/0001692063-24-000141.json","markdown":"https://secwatch.observer/filing/0001692063-24-000141.md","text":"https://secwatch.observer/filing/0001692063-24-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692063/000169206324000141/0001692063-24-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692063/000169206324000141/sndr-20241122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:59:13.830775+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}