Saia
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Less than Truckload
Saia’s Northeast U.S. expansion strategy? Dance with the one who brought you
Saia's expansion in the Northeast U.S. had its risks but appears to be paying off
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Economics
Deutsche Bank turns bullish on transports for 2020
But a lot depends on stabilizing global growth and an industrial recovery in the United States.
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Less than Truckload
Saia Inc. reports revenue and operating income increases in second quarter
Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the second quarter of 2019. Headquartered in Johns Creek, Georgia, the…
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Less than Truckload
Old Dominion report sees an LTL market that is slowing
Saia's interim report also showed a slowdown in LTL activity.
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Fuel
Trucking companies seek to improve fuel economy as diesel hovers around $3.16 per gallon
As the price of diesel continues to hover around $3.16 per gallon nationwide, trucking companies are investing in solutions to improve fuel mileage.
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Less than Truckload
New England Motor Freight plowed under by a relentless LTL Nor’easter
How do you re-distribute $400 million of LTL freight? Not easily.
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Company earnings
Saia’s earnings are solid; Schneider gets an uplift from Merrill Lynch
Not a gangbusters quarter for Saia or Schneider. But the numbers were strong for both and Merrill Lynch thinks the Schneider stock is undervalued.
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Canada
Today’s Pickup: Port of Los Angeles delay ‘worse than it was earlier this year,’ shipper says
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
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Air Cargo
Today’s pickup: mostly bearish quotes out of Morgan Stanley; the tough road facing OPEC
Also in the pickup: the sad state of interstate 81; farmers and truckers in the news; Saia’s fourth-quarter status report
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Company earnings
Saia beats earnings estimates as LTL carrier sees better pricing and volume growth
LTL carrier says Northeast expansion to continue with new facilities, but segment remains at breakeven results.
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