Saia’s Third Quarter Income Rises
Less-than-truckload carrier Saia Inc. reported third-quarter net income increased as tonnage and shipments rose.
Net income was $16 million, or 64 cents per share, from $12.9 million, or 51 cents, a year earlier.
Revenue jumped 13.5% to $332.5 million, as LTL shipments rose 7.6% and tonnage gained 8.2%.
“Strong tonnage growth and improved pricing provided a solid foundation for third-quarter results,” CEO Rick O’Dell said in a statement.
“The investment in sales resources we made late last year has helped us build momentum on the top line, and our operations group has responded well to the increased volumes, providing 98% on-time service in the third quarter,” he added.
Saia ranks No. 25 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
