Saia’s Profit Increases in 3Q
Less-than-truckload carrier Saia Inc. said its net income grew to $12.9 million, or 51 cents a share, in the third quarter.
That compares with a $9.3 million profit in the third quarter of 2012, or 37 cents, Saia said in an Oct. 30 statement.
Revenue was $293 million in the quarter, a 5.4% increase. Operating income, which excludes interest and other expenses, was $21.9 million, a 34% increase.
Operating ratio fell slightly to 93.1 from 94.2.
“Saia continues to advance our value proposition in the marketplace through investments in quality and the consistent, superior customer service we provide,” CEO Rick O’Dell said in the statement. “These efforts have fueled another quarter of meaningful yield increase which combined with efficiency initiatives led us to a 37% increase in earnings per share.”
Saia is ranked No. 22 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.
