The connection between Schneider, one of the nation’s largest truckload and logistics service providers, and venture capital fund 8VC is deepening with the appointment of Shaleen Devgun, chief information officer and executive vice president at Schneider, as an adviser to the San Francisco-based investment firm.

Schneider National posted record earnings and double-digit gains in revenue in the first quarter of 2018 and raised its profit forecast for the year.

Diversified motor carrier Schneider announced Stephen Bruffett will join the company as chief financial officer, effective April 29.

Schneider National Inc. announced that Chief Financial Officer Lori Lutey will be retiring within the next six months in order to spend more time with family and friends.

Schneider announced profits were flat in the third quarter, missing the consensus forecast of analysts due to Hurricanes Harvey and Irma and higher driver pay and retention costs to gear up for the capacity crunch in 2018.

Truckload carrier Schneider announced it has converted more than half of its heavy-duty trucks to automated manual transmissions and expects to complete the process in 2019.

Schneider reported that profits in the second quarter increased 5.2% compared with a year ago, beating the Bloomberg News consensus forecast on net income and earnings per share.

Intermodal rail and trucking companies are competing to meet the transportation needs of e-commerce businesses while adapting to how these new supply chains differ from those of traditional brick-and-mortar retailers.

The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.