Saia's LTL Shipments Surge Over 18% in Early Q2 2024, Despite Lighter Loads, Reports Strong Growth in LTL Shipments and Tonnage for April and May 2024
Portfolio Pulse from Benzinga Newsdesk
Saia, Inc. (NASDAQ:SAIA) reports significant growth in LTL shipments and tonnage for April and May 2024, with shipments per workday increasing over 18% and tonnage per workday rising by 7.6% and 9.8% respectively. However, the LTL weight per shipment has declined.
June 04, 2024 | 11:35 am
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Saia, Inc. (NASDAQ:SAIA) has reported strong growth in LTL shipments and tonnage for April and May 2024, with shipments per workday increasing over 18% and tonnage per workday rising by 7.6% and 9.8% respectively. However, the LTL weight per shipment has declined.
The significant increase in LTL shipments and tonnage indicates strong operational performance and potential revenue growth for Saia, Inc. The decline in LTL weight per shipment suggests a shift towards lighter loads, which may impact profitability but is outweighed by the overall growth in shipments and tonnage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100