Saia’s 1Q Income Slips; Tonnage, Revenue Improve
Less-than-truckload carrier Saia Inc. reported its first-quarter income slipped from a year ago due to a tax gain last year, but its tonnage, revenue and operating income all rose.
Net income slipped to $8.6 million, or 34 cents per share, from $9.2 million, or 37 cents, a year earlier. The year-ago period included a 4-cent per share tax gain.
Revenue jumped 9.5% to $300 million, as LTL shipments rose 4.4% and tonnage gained 5.7%.
The results were “very gratifying, given the disruptive weather patterns that challenged our entire industry,” CEO Rick O’Dell said in a statement.
Saia is ranked No. 22 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
