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Old 07.25.2009
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Saia Loses $1.7M

Saia Loses $1.7M

Tonnage, shipments, weight, yield decline in weak shipping environment
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Saia lost $1.7 million in the second quarter on revenue of $218 million, which was 21 percent lower than in the prior year quarter. Last year before the recession had its full impact on the freight economy, Saia earned a net profit of $5.3 million in the second quarter on revenue of $276 million.

The Johns Creek, Ga.-based multi-regional less-than-truckload carrier said tonnage was down 6.2 percent from the prior year quarter as LTL shipments per workday were down 3 percent with a 3.4 percent decrease in weight per shipment.

more here>> Saia Loses $1.7M
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