August year-over-year tonnage growth accelerated for less-than-truckload carrier Saia, aided by a softer prior-year comparison than in July.
July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.
Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.
This month, Saia launched REV, a company-wide initiative designed to advance freight performance through faster transit times, enhanced service capabilities, and greater shipment visibility.
REV, which stands for Rapid, Expanded and Visible, brings together a series of strategic investments across the Saia network.
LTL carrier Saia has opened two new Midwest terminals, the third month in a row with openings.
Saia is poised for significant tonnage increases as its prior-year comparisons ease and demand appears to be firming.
Less-than-truckload carrier Saia adds to its national footprint, opening new service centers in Washington and Indiana.
Less-than-truckload carrier Saia’s margins appear to be turning the corner following a multiyear expansion.
Less-than-truckload carrier Saia’s tonnage declines moderated in February, with volumes remaining higher on a two-year-stacked comparison.
Less-than-truckload carrier Saia missed fourth-quarter expectations on Tuesday but said the recent period could mark the trough for margins.
Less-than-truckload carrier Saia missed fourth-quarter expectations ahead of the market open on Tuesday.
Less-than-truckload carrier Saia said it is renaming its LinkEx logistics business to Saia Logistics.
Less-than-truckload carrier Saia reports tonnage improvement in November.
Less-than-truckload carrier Saia guided to a fourth-quarter operating ratio that would equal its worst since the pandemic.
Less-than-truckload carrier Saia saw tonnage move back into negative territory in August as the manufacturing complex nears a third full year of contraction.
Less-than-truckload carrier Saia reported better-than-expected results for the second quarter and outlined a path to improved margins.
Less-than-truckload carrier Saia saw a step in the right direction during the second quarter.
A federal bankruptcy court has approved the sale of additional Saia terminals.
Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.
