Saia (SAIA) Reports Significant Growth in Q2 Metrics

By Bobby Samwell • Tuesday, June 04 11:32 • Permanent Link

Saia, Inc. (NASDAQ: SAIA) has released its second-quarter less-than-truckload (LTL) operating data, showing significant increases in key metrics compared to the same period last year. In April 2024, LTL shipments per workday rose by 18.0%, while LTL tonnage per workday increased by 7.6%. However, the LTL weight per shipment declined by 8.8% to 1,332 pounds.

The positive trend continued into May 2024, with LTL shipments per workday increasing by 18.6% and LTL tonnage per workday rising by 9.8%. Similarly, the LTL weight per shipment decreased by 7.4% to 1,345 pounds.

Comparing the second quarter of 2024 to the same period in 2023, the data reveals a consistent upward trajectory. LTL shipments per workday increased by 18.2%, LTL tonnage per workday by 8.6%, and the LTL weight per shipment decreased by 8.1%.

These changes reflect Saia's ongoing efforts to improve operational efficiency and meet growing demand for its transportation services. As the company operates 199 terminals with service across 46 states, the data suggests a strong performance in the LTL segment, indicating potential growth and value creation for shareholders. As a result of these announcements, the company's shares have moved 7.0% on the market, and are now trading at a price of $430.8. If you want to know more, read the company's complete 8-K report here.

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