Saia reports mixed LTL shipment and tonnage data for July-August

JOHNS CREEK, Ga. - Saia, Inc. (NASDAQ:SAIA), a $7.9 billion market cap transportation company with annual revenue of $3.2 billion, reported mixed results for its less-than-truckload (LTL) operations during the first two months of the third quarter, according to a company statement released Friday. InvestingPro data shows the company maintains strong financial health despite challenging market conditions.

The transportation provider’s data showed that in July, LTL shipments per workday declined 1.2% compared to the same month last year, while tonnage per workday increased 0.9%. The average weight per shipment rose 2.1% to 1,359 pounds from 1,331 pounds in July 2024.

August figures revealed more consistent declines, with both LTL shipments and tonnage per workday dropping 2.2% compared to August 2024. Weight per shipment in August remained nearly flat, increasing just 0.1% to 1,355 pounds from 1,354 pounds a year earlier.

For the combined July-August period, Saia reported a 1.7% decrease in LTL shipments per workday and a 0.7% decline in tonnage per workday compared to the same period in 2024. Average weight per shipment for the two-month period increased 1.0%.

Saia, which provides LTL, non-asset truckload, expedited and logistics services, currently operates 213 terminals across its national network. With a healthy current ratio of 1.49 and moderate debt levels, the company maintains strong operational flexibility. The company noted in its press release that actual third quarter results could differ from the preliminary data shared. For deeper insights into Saia’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers additional ProTips and detailed metrics.

The transportation company’s operational metrics offer insight into shipping volume trends as the industry navigates through the current economic environment. Analysts maintain a moderately bullish stance on the stock, with price targets ranging from $250 to $405. The data was released as part of Saia’s regular operational updates to investors.

In other recent news, Saia Inc. reported impressive second-quarter 2025 earnings, with adjusted earnings per share reaching $2.67, surpassing analyst expectations of $2.41. Revenue also exceeded projections, coming in at $817.12 million compared to the anticipated $810.94 million. In response to these results, several analyst firms have adjusted their price targets for Saia. Benchmark raised its price target to $360, citing improvements in the company’s operating ratio. BMO Capital increased its target to $340, maintaining a Market Perform rating, while Stephens adjusted its target to $300, noting the strong earnings performance.

In other developments, the U.S. Secretary of State announced a halt on issuing worker visas for commercial truck drivers, potentially affecting the trucking industry. This move could have implications for companies like Saia, which operates in the less-than-truckload sector. These developments highlight the dynamic environment in which Saia operates, with both regulatory changes and positive financial performance shaping its current landscape.

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