Saia’s tonnage turns negative after 22-month run
Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.
Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.
Returning bidder Saia headlines a list of mostly newcomers vying for Yellow’s terminals.
Saia’s shares are getting punished as the company’s ambitious growth efforts have been derailed by a trade war.
Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.
Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.
Less-than-truckload carrier Saia has restructured its customer service function and will now have local terminals rather than remote representatives handle the inbound.
Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.
Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.
Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.
Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.
Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.
Saia is turning to NASCAR as a new marketing platform, sponsoring a car from the Joe Gibbs Racing team.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.
Less-than-truckload carrier Saia saw a modest backup in financial results during the third quarter but reasserted confidence that it’s on the right path with its terminal growth strategy.
Less-than-truckload carrier Saia’s less favorable freight mix and higher cost structure from a terminal expansion weighed on its third quarter.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.