Saia Reports Fourth Quarter Results
JOHNS CREEK, Ga., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2022 financial results.
- JOHNS CREEK, Ga., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2022 financial results.
- Diluted earnings per share in the quarter were $2.65 compared to $2.76 in the fourth quarter of 2021.
- Highlights from the fourth quarter and full year operating results were as follows:
Operating income was $92.7 million, a 4.8% decrease
Operating income was $470.5 million, a 40.4% increase
“Fourth quarter results were impacted by slowing volumes throughout the quarter and December tonnage per day was down 13.2%. - Despite this softer freight environment, revenue grew by 6.3% and was a fourth quarter record.