Reported about 1 month ago
Saia reported its Q3 earnings today, falling short of analyst expectations with earnings per share at $3.46, missing by 7 cents and down 21 cents year-over-year. Despite an 8.6% increase in revenue to $842 million, the company faced challenges including a declining revenue yield and rising operational costs. Saia's operating ratio worsened to 85.1%, reflecting a tougher freight environment. The company is set to continue expanding its network with 21 new locations this year, amid an influx of lighter-weight freight.
Source: YAHOO