Less-than-truckload carrier Saia beat fourth-quarter expectations Monday before the market opened. Earnings per share of $2.84 was 7 cents higher than the consensus estimate but 49 cents lower year over year.
Saia (NASDAQ: SAIA) reported a 5% y/y increase in revenue to $789 million. Revenue per workday was 3.3% higher in the quarter as tonnage per day increased 8.3% and revenue per hundredweight, or yield, fell 5.4% (down 2.3% excluding fuel surcharges). However, a 3.7% increase in weight per...
https://www.freightwaves.com/news/first-look-saia-q4-earnings