Saia Inc ( (SAIA) ) has released its Q1 earnings. Here is a breakdown of the information Saia Inc presented to its investors.
Saia, Inc. is a prominent transportation provider specializing in less-than-truckload (LTL), non-asset truckload, expedited, and logistics services with a national presence across the United States. Headquartered in Georgia, Saia operates 213 terminals nationwide, offering comprehensive logistics solutions.
In the first quarter of 2025, Saia, Inc. reported a mixed financial performance. The company experienced a 4.3% increase in revenue, reaching $787.6 million, compared to the same period in 2024. However, the diluted earnings per share saw a significant decline from $3.38 in the first quarter of 2024 to $1.86 in 2025, reflecting challenges in the operating environment.
Key financial metrics revealed a 40.5% decrease in operating income, which fell to $70.2 million. The operating ratio deteriorated to 91.1% from 84.4%, indicating increased operational costs. Despite these setbacks, Saia achieved a 4.6% growth in LTL shipments per workday and a notable 12.7% increase in LTL tonnage per workday. However, LTL revenue per hundredweight, excluding fuel surcharge, decreased by 5.1%.
The company attributed its performance challenges to an uncertain macroeconomic environment and adverse weather conditions, particularly in the southern regions, which affected operations. Despite these hurdles, Saia’s recent terminal expansions contributed to shipment growth, and the company remains committed to enhancing customer service through its nationwide network.
Looking ahead, Saia’s management remains focused on navigating the uncertain market conditions while leveraging its extensive terminal network to deliver consistent service. The company’s financial resilience, supported by its strategic expansions, positions it to continue meeting customer needs in both new and existing markets.