Less-than-truckload carrier Saia (NASDAQ: SAIA) reported a reversal in trends during February as severe winter storms forced closures across the carrier’s network of terminals. February tonnage fell 2.3% year-over-year after climbing 5.4% in January.
At the peak of the storms, Saia had as many as 70 of its facilities fully or partially offline, in some cases for several days. The carrier has a strong presence in Texas, 20 terminals, which bore the brunt of the storms as some areas of the state...
https://www.freightwaves.com/news/winter-weather-takes-bite-out-of-saias-february-tonnage