Saia Provides Third Quarter LTL Operating Data
Saia, Inc. (Nasdaq: SAIA), a leading transportation provider, has released its LTL operating data for the first two months of Q3 2024. In July 2024, LTL shipments per workday increased by 10.6%, tonnage per workday rose by 5.0%, while weight per shipment decreased by 5.0% to 1,331 pounds. August 2024 saw improvements across all metrics, with shipments up 7.0%, tonnage up 8.2%, and weight per shipment increasing by 1.2% to 1,354 pounds.
Quarter-to-date, Saia has experienced an 8.5% increase in shipments, 6.6% growth in tonnage, and a 1.8% decrease in weight per shipment compared to the same period in 2023. These results align with the company's expectations as it continues to invest in its network expansion.
Saia, Inc. (Nasdaq: SAIA), un importante fornitore di trasporti, ha rilasciato i dati operativi LTL per i primi due mesi del Q3 2024. Nel luglio 2024, le spedizioni LTL per giorno lavorativo sono aumentate del 10,6%, il tonnellaggio per giorno lavorativo è cresciuto del 5,0%, mentre il peso per spedizione è diminuito del 5,0% attestandosi a 1.331 libbre. Agosto 2024 ha registrato miglioramenti in tutti i parametri, con spedizioni in aumento del 7,0%, tonnellaggio in crescita dell'8,2% e peso per spedizione che è aumentato dell'1,2% arrivando a 1.354 libbre.
Nel trimestre fino a oggi, Saia ha riportato un aumento del 8,5% nelle spedizioni, una crescita del 6,6% nel tonnellaggio e una diminuzione del 1,8% nel peso per spedizione rispetto allo stesso periodo del 2023. Questi risultati sono in linea con le aspettative dell'azienda, che continua a investire nell'espansione della sua rete.
Saia, Inc. (Nasdaq: SAIA), un importante proveedor de transporte, ha publicado sus datos operativos LTL para los primeros dos meses del tercer trimestre de 2024. En julio de 2024, los envíos LTL por día laborable aumentaron un 10.6%, el tonelaje por día laborable creció un 5.0%, mientras que el peso por envío disminuyó un 5.0% a 1,331 libras. Agosto de 2024 vio mejoras en todos los indicadores, con envíos en aumento del 7.0%, tonelaje en incremento del 8.2%, y el peso por envío aumentando un 1.2% a 1,354 libras.
Hasta la fecha del trimestre, Saia ha experimentado un aumento del 8.5% en envíos, un crecimiento del 6.6% en tonelaje, y una disminución del 1.8% en peso por envío en comparación con el mismo período de 2023. Estos resultados coinciden con las expectativas de la empresa mientras continúa invirtiendo en la expansión de su red.
사이아, Inc. (Nasdaq: SAIA)는 선도적인 운송 제공업체로서 2024년 3분기 첫 두 달간의 LTL 운영 데이터를 발표했습니다. 2024년 7월에는 근무일 기준 LTL 배송이 10.6% 증가했으며, 근무일 기준 화물량은 5.0% 올랐고, 배송당 무게는 5.0% 감소하여 1,331파운드에 해당합니다. 2024년 8월에는 모든 지표에서 개선이 이루어져 배송이 7.0% 증가하고, 화물량이 8.2% 상승했으며, 배송당 무게는 1.2% 증가하여 1,354파운드에 달했습니다.
현재까지 Saia는 배송에서 8.5% 증가, 화물량 6.6% 성장, 그리고 2023년 같은 기간에 비해 배송당 무게가 1.8% 감소했습니다. 이러한 결과는 회사의 네트워크 확장을 위한 투자 지속과 일치합니다.
Saia, Inc. (Nasdaq: SAIA), un fournisseur de transport de premier plan, a publié ses données opérationnelles LTL pour les deux premiers mois du T3 2024. En juillet 2024, les expéditions LTL par jour ouvré ont augmenté de 10,6%, le tonnage par jour ouvré a augmenté de 5,0%, tandis que le poids par expédition a diminué de 5,0% pour atteindre 1 331 livres. Août 2024 a vu des améliorations dans tous les indicateurs, avec des expéditions en hausse de 7,0%, le tonnage en hausse de 8,2% et le poids par expédition augmentant de 1,2% pour atteindre 1 354 livres.
À ce jour dans le trimestre, Saia a connu une augmentation de 8,5% des expéditions, une croissance de 6,6% du tonnage et une diminution de 1,8% du poids par expédition par rapport à la même période en 2023. Ces résultats sont conformes aux attentes de l'entreprise qui continue d'investir dans l'expansion de son réseau.
Saia, Inc. (Nasdaq: SAIA), ein führender Transportdienstleister, hat die LTL-Betriebsdaten für die ersten beiden Monate des 3. Quartals 2024 veröffentlicht. Im Juli 2024 stiegen die LTL-Versendungen pro Arbeitstag um 10,6%, das Gewicht pro Arbeitstag nahm um 5,0% zu, während das Gewicht pro Sendung um 5,0% auf 1.331 Pfund sank. Im August 2024 gab es bei allen Kennzahlen Verbesserungen, mit einem Anstieg der Sendungen um 7,0%, einer Erhöhung des Tonnage um 8,2% und einer Zunahme des Gewichts pro Sendung um 1,2% auf 1.354 Pfund.
Im bisher laufenden Quartal verzeichnete Saia eine 8,5% Steigerung der Sendungen, ein 6,6% Wachstum beim Tonnage und einen Rückgang des Gewichts pro Sendung um 1,8% im Vergleich zum gleichen Zeitraum 2023. Diese Ergebnisse entsprechen den Erwartungen des Unternehmens, das weiterhin in den Ausbau seines Netzwerks investiert.
- LTL shipments per workday increased by 10.6% in July and 7.0% in August 2024
- LTL tonnage per workday grew by 5.0% in July and 8.2% in August 2024
- Quarter-to-date shipments and tonnage show significant growth at 8.5% and 6.6% respectively
- Company's network investments are yielding expected results
- LTL weight per shipment decreased by 5.0% in July 2024 compared to July 2023
- Quarter-to-date weight per shipment shows a 1.8% decline compared to the same period in 2023
Insights
Saia's Q3 operating data reveals mixed results for its LTL business. The 8.5% increase in shipments per workday and 6.6% growth in tonnage per workday are positive indicators of volume growth. However, the
The divergence between shipment and tonnage growth rates implies Saia is handling more, but lighter, shipments. This could impact profit margins if not offset by efficiency gains or pricing adjustments. Investors should monitor how this trend affects Saia's revenue per hundredweight and overall profitability in the full Q3 results.
While the company states these results meet expectations, the market may react cautiously due to the weight per shipment decline. Saia's ongoing network investments will be important in maintaining competitiveness and adapting to changing shipment characteristics.
The data indicates Saia is experiencing robust growth in its LTL operations, outpacing the industry average. The
However, the
The company's continued investment in its network is crucial. As Saia expands into new territories and enhances its service offerings, it should be well-positioned to capitalize on the growing demand for LTL services, particularly in the booming e-commerce sector.
JOHNS CREEK, Ga., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, is providing LTL shipment and tonnage data for the first two months of the third quarter. In July 2024, LTL shipments per workday increased
These changes are summarized in the table below:
| July 2024 versus July 2023 | August 2024 versus August 2023 | Quarter to Date (QTD) 2024 versus QTD 2023 | ||||
| LTL Shipments per workday | ||||||
| LTL Tonnage per workday | ||||||
| LTL Weight per shipment | - | - | ||||
Actual third quarter and annual shipments, tonnage and weight per shipment could differ materially from the data expressed in this press release, including by reason of the risk factors included in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other filings with the Securities and Exchange Commission. The information herein speaks as of the date of this press release and is subject to change. Saia is under no obligation, and expressly disclaims any obligation to update or alter such information, whether as a result of new information, future events, or otherwise, except as required by law.
Saia, Inc. (Nasdaq: SAIA) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. With headquarters in Georgia, Saia LTL Freight operates 208 terminals with service across 47 states. For more information on Saia, Inc. visit the Investor Relations section at www.saia.com/about-us/investor-relations.
Cautionary Note Regarding Forward-Looking Statements
The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “may,” “plan,” “predict,” “believe,” “should,” “potential” and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. All forward-looking statements reflect the present expectation of future events of our management as of the date of this news release and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors, risks, uncertainties and assumptions include, but are not limited to, (1) general economic conditions including downturns or inflationary periods in the business cycle; (2) operation within a highly competitive industry and the adverse impact from downward pricing pressures, including in connection with fuel surcharges, and other factors; (3) industry-wide external factors largely out of our control; (4) cost and availability of qualified drivers, dock workers, mechanics and other employees, purchased transportation and fuel; (5) inflationary increases in operating expenses and corresponding reductions of profitability; (6) cost and availability of diesel fuel and fuel surcharges; (7) cost and availability of insurance coverage and claims expenses and other expense volatility, including for personal injury, cargo loss and damage, workers’ compensation, employment and group health plan claims; (8) failure to successfully execute the strategy to expand our service geography; (9) unexpected liabilities resulting from the acquisition of real estate assets; (10) costs and liabilities from the disruption in or failure of our technology or equipment essential to our operations, including as a result of cyber incidents, security breaches, malware or ransomware attacks; (11) failure to keep pace with technological developments; (12) liabilities and costs arising from the use of artificial intelligence; (13) labor relations, including the adverse impact should a portion of our workforce become unionized; (14) cost, availability and resale value of real property and revenue equipment; (15) supply chain disruption and delays on new equipment delivery; (16) capacity and highway infrastructure constraints; (17) risks arising from international business operations and relationships; (18) seasonal factors, harsh weather and disasters caused by climate change; (19) economic declines in the geographic regions or industries in which our customers operate; (20) the creditworthiness of our customers and their ability to pay for services; (21) our need for capital and uncertainty of the credit markets; (22) the possibility of defaults under our debt agreements, including violation of financial covenants; (23) inaccuracies and changes to estimates and assumptions used in preparing our financial statements; (24) failure to operate and grow acquired businesses in a manner that support the value allocated to acquired businesses; (25) dependence on key employees; (26) employee turnover from changes to compensation and benefits or market factors; (27) increased costs of healthcare benefits; (28) damage to our reputation from adverse publicity, including from the use of or impact from social media; (29) failure to make future acquisitions or to achieve acquisition synergies; (30) the effect of litigation and class action lawsuits arising from the operation of our business, including the possibility of claims or judgments in excess of our insurance coverages or that result in increases in the cost of insurance coverage or that preclude us from obtaining adequate insurance coverage in the future; (31) the potential of higher corporate taxes and new regulations, including with respect to climate change, employment and labor law, healthcare and securities regulation; (32) the effect of governmental regulations, including hours of service and licensing compliance for drivers, engine emissions, the Compliance, Safety, Accountability (CSA) initiative, regulations of the Food and Drug Administration and Homeland Security, and healthcare and environmental regulations; (33) unforeseen costs from new and existing data privacy laws; (34) costs from new and existing laws regarding how to classify workers; (35) changes in accounting and financial standards or practices; (36) widespread outbreak of an illness or any other communicable disease; (37) international conflicts and geopolitical instability; (38) increasing investor and customer sensitivity to social and sustainability issues, including climate change; (39) provisions in our governing documents and Delaware law that may have anti-takeover effects; (40) issuances of equity that would dilute stock ownership; (41) weakness, disruption or loss of confidence in financial or credit markets; and (42) other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s SEC filings.
As a result of these and other factors, no assurance can be given as to our future results and achievements. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this news release. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
| CONTACT: | Saia, Inc. |
| Matthew Batteh | |
| Executive Vice President and Chief Financial Officer | |
| Investors@saia.com |
FAQ
What was Saia's LTL shipment growth in July 2024?
How did Saia's LTL tonnage perform in August 2024?
What is the quarter-to-date LTL shipment growth for Saia in Q3 2024?
Has Saia's LTL weight per shipment increased in Q3 2024?
