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Saia Reports Higher 3Q Net Income

10/26/2011 9:15:00 AM
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Saia Inc. said Wednesday its third-quarter net income nearly doubled from a year ago on higher revenue and improved pricing.

Net income was $4.8 million, or 30 cents a share, compared with $2.5 million, or 16 cents, a year ago. Revenue rose 14% to $268 million.

Operating income jumped 47% to $9.6 million, the less-than-truckload carrier said. LTL tonnage was up 2.6% from a year ago, while shipments per workday were flat with a 2.6% increase in weight per shipment.

Saia is ranked No. 23 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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