Less-than-truckload (LTL) carrier Saia turned in a third quarter in which it took a modest increase in revenue and turned it into a significant improvement in both operating income and operating ratio (OR).
Saia’s OR was 88.5% compared to 90.3% a year ago. Operating revenue was $481.3 million, up from $468.9 million, an increase of just 2.7%. But its operating income was up 21.7%, an increase of $55.2 million.
The bottom-line generally accepted accounting principles (GAAP) earnings per share of...
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