---
schema_version: "secwatch.filing_event.v1"
accession: "0001692063-24-000144"
form_type: "8-K"
ticker: "SNDR"
cik: "0001692063"
company_name: "Schneider National, Inc."
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T11:26:00.660415+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Schneider National completes $390M acquisition of Cowan Systems, dedicated contract carrier

## Summary
- Closed acquisition of Cowan Systems for ~$390M cash on Dec 2, 2024; financed via cash and new $400M delayed draw term loan.
- Cowan operates ~1,800 trucks and 7,500 trailers across 40+ locations in Eastern and Mid-Atlantic US.
- Deal includes complementary brokerage, drayage, and warehousing; real estate closure expected in Q4 2024.
- Acquisition expected to be accretive to Schneider's EPS within first year, before synergies.
- Cowan Systems' results to be reported in Schneider's Truckload and Logistics segments.

## SEC filing metadata
- accession: 0001692063-24-000144
- form_type: 8-K
- ticker: SNDR
- cik: 0001692063
- company_name: Schneider National, Inc.
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692063/000169206324000144/0001692063-24-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692063/000169206324000144/sndr-20241202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692063-24-000144
- JSON: https://secwatch.observer/filing/0001692063-24-000144.json
- Plain text: https://secwatch.observer/filing/0001692063-24-000144.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.