Less-than-truckload carrier Saia saw an acceleration in daily shipment counts through the first two months of the second quarter. After the company logged a 15.7% year-over-year (y/y) increase in shipments during the first quarter, a Tuesday midquarter report showed the carrier’s shipments finished April 18% higher y/y and were up 18.6% y/y in May.
Saia (NASDAQ: SAIA) and other national LTL carriers continue to benefit from the freight left behind following Yellow Corp.’s (OTC: YELLQ) shutdown...
https://www.freightwaves.com/news/saias-stock-pops-on-mays-volume-acceleration