Saia

Saia reported year‑over‑year increases in LTL shipments and tonnage for July and August. In July, LTL shipments per workday rose 0.8%, tonnage per workday rose 7.8% and weight per shipment rose 7.0%. In August, shipments per workday increased 1.1%, tonnage per workday 8.7% and weight per shipment 7.5%; for the year‑to‑date quarter the gains were 1.0% (shipments), 8.3% (tonnage) and 7.2% (weight). The company notes that actual third‑quarter and full‑year results may differ. Saia operates 218 terminals and offers LTL, full‑truckload, express and logistics services. » Więcej na de.investing.com

Saia shares rose 3.7% after BofA Securities upgraded the rating from 'Neutral' to 'Buy' and raised the price target from $499 to $502. BofA cites constructive demand signals from its own truck-shipper survey and upside for service, productivity and earnings in the LTL business. Analyst Ken Hoexter points to an attractive valuation: Saia is trading at 29 times EPS for 2027, a sizable discount to peers, and available network capacity of 20–25% should allow market-share gains if demand recovers. » Więcej na de.investing.com

Saia posted 8.4% year-over-year tonnage growth in May as shipments rose 3.7% and weight per shipment increased 4.5%, while two-year stacked tonnage slowed to 8% in May. The company said Q2 guidance implies a sequential operating margin improvement that would produce a year-over-year margin gain for the first time in over two years. Contractual rate renewals averaged 6.7% in Q1 and higher shipment weights signal improving LTL pricing; Saia noted margin pressure from a large terminal expansion is easing as about 40 new locations operated profitably in Q1. » Więcej na finance.yahoo.com