Saia Inc (SAIA) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Saia Inc

CIK: 1177702 Ticker: SAIA

Exhibit 99.1


Saia Reports Record Third Quarter Results


JOHNS CREEK, GA – October 29, 2020 – Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported third quarter 2020 financial results.  Diluted earnings per share in the quarter were $1.56 compared to $1.25 in the third quarter of 2019.


Highlights from the third quarter operating results were as follows:


Third Quarter 2020 Compared to Third Quarter 2019 Results



Revenue was $481.4 million, a 2.7% increase


Operating income was $55.2 million, a 21.7% increase


Operating ratio of 88.5 compared to 90.3


LTL shipments per workday increased 0.9%


LTL tonnage per workday was flat


LTL revenue per hundredweight increased 2.6%


LTL revenue per shipment rose 1.6% to $239.60


“Our third quarter results reflect a continuation of the improving volume trends we experienced in the middle of the second quarter and our continued focus on pricing and execution,” stated Saia President and Chief Executive Officer, Fritz Holzgrefe.  “Tonnage per workday was flat compared to the prior year and we were able to grow revenue per shipment by 1.6% despite fuel surcharge revenue being down nearly 17% from a year ago,” Holzgrefe added.  “To post a record operating ratio in one of the most volatile operating environments we have experienced in recent memory, is a tribute to the thousands of Saia employees who continue to deliver excellent service to our customers in these trying times,”  said Holzgrefe.  


Saia Executive Vice President and Chief Financial Officer, Douglas Col added, “Revenue growth of 2.7% on flat year-over-year tonnage was driven by a 5.5% increase in yield excluding fuel surcharge and a 6% increase in our length of haul.  Our weight per shipment trends remain volatile on a day-to-day basis and though weight per shipment declined 1% for the full quarter, it was improving on a year-over-year basis for the last two months of the quarter,” concluded Col.



The following information was filed by Saia Inc (SAIA) on Thursday, October 29, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Saia Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Ticker: SAIA
CIK: 1177702
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-20-048868
Submitted to the SEC: Thu Oct 29 2020 4:16:43 PM EST
Accepted by the SEC: Thu Oct 29 2020
Period: Wednesday, September 30, 2020
Industry: Trucking No Local

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