Saia

Saia execs not concerned about purchased transportation spend increase

As a less-than-truckload (LTL) carrier that is more heavily dependent on purchased transportation than most of its peers, Saia’s bottom line would seem to be impacted more by the purchased transportation line in its earnings than other LTL carriers.

But in its call with analysts following the Thursday earnings release, two Saia executives who spoke expressed limited concern about the company’s purchased transportation figure in the quarter or going forward.

Saia’s purchased transportation line...

https://s29755.pcdn.co/news/saia-execs-not-concerned-about-purchased-transportation-spend-increase

Saia’s record OR driven by higher yield on small revenue increase

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...

https://s29755.pcdn.co/news/saias-record-or-driven-by-higher-yield-on-small-revenue-increase

XPO closes less-than-truckload demand gap, Deutsche Bank says

Trucks tracked at a terminal

Less-than-truckload (LTL) activity at XPO Logistics (NYSE: XPO) experienced a “notable inflection” during the third quarter, according to geofencing data provided by Deutsche Bank (NYSE: DB).

In a Monday note to clients, the firm’s transportation equity research analyst, Amit Mehrotra, said “based on our geofencing data we believe XPO should be able to show a noticeable snap back in relative volume performance, which should allow shares to move higher.”

The firm’s data shows that activity levels...

https://s29755.pcdn.co/news/xpo-closes-less-than-truckload-demand-gap-deutsche-bank-says

XPO stock tumbles on weak LTL performance

In its earnings statement and a call with analysts a day later, the management of diversified logistics and less-than-truckload (LTL) provider XPO tried to paint the company’s second quarter as strong. And the company did beat Wall Street estimates.

But the performance of the company’s LTL division has raised a lot of eyebrows, including those on Wall Street. On a day when equity markets overall are slightly down, XPO stock is down a lot. At 11:25 a.m., XPO was down 15.44% to $73.25. 

The numbers...

https://s29755.pcdn.co/news/xpo-stock-tumbles-on-weak-ltl-performance

The Daily Dash: Earnings, earnings and hackers?

Saia earnings

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, several large carriers and suppliers are among those that have reported earnings in the past 24 to 36 hours, with a mixed bag of results. The companies include Saia, ArcBest, Ryder, Wabash National, U.S. Xpress and C.H. Robinson. Plus, how hackable are ELDs and why is diesel engine maker Cummins so interested in hydrogen?

A risk worth taking?

The introduction of electronic logging devices (ELDs)...

https://s29755.pcdn.co/news/the-daily-dash-earnings-earnings-and-hackers

SAIA reports decrease in revenue during second quarter

Saia Inc. (NASDAQ: SAIA) reported second-quarter revenue was $418 million, down $46 million, or 9.9% from last year, according to quarterly financial results released on Wednesday, July 29.

The less-than-truckload (LTL) carrier also reported the revenue decline was driven by a 9.7% decline in shipment volume compared to the prior year.

“The COVID-19 pandemic has created unprecedented disruption and uncertainty for our business and our customers over the last few months,” said Fritz Holzgrefe,...

https://s29755.pcdn.co/news/saia-ltl-freight-beats-analysts-estimates-during-second-quarter

Geofencing data: Less-than-truckload boost carries into June

Old Dominion and UPS Freight trucks at facility

Less-than-truckload (LTL) volumes continued to improve throughout May and into the first week of June, said Deutsche Bank (NYSE: DB) analyst Amit Mehrotra in a note to clients.

He reported that in the first week of June, LTL activity levels improved 7% versus the average levels seen in May and were up 8% compared to the last week of May. Mehrotra believes that Old Dominion Freight Line (NASDAQ: ODFL) and SAIA (NASDAQ: SAIA) outperformed the average increase and UPS (NYSE: UPS) and YRC Worldwide (

https://s29755.pcdn.co/news/geofencing-data-less-than-truckload-boost-carries-into-june

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