Among the highlights of second-quarter earnings at Saia (NASDAQ: SAIA) released early Friday morning were:
- The data on yield, generally seen as the most important metric for LTL carriers, was mixed. The revenue per hundredweight, which is the definition of yield, was $23.85 for the second quarter ended June 30. That was down 4.8% from the second quarter of 2022, when it was $25.05. But net of fuel, yield rose 2.7%, to $19.96 from $19.44.
- Even in a weak freight market, pounds per shipment rose...
https://www.freightwaves.com/news/saia-q2-earnings-tonnage-and-shipments-down-by-small-amount