Jack Knife
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Saia, Inc. (NASDAQ: SAIA +12.61%, news), a leading multi-regional less-than-truckload (LTL +1.84%) carrier, today reported improved third quarter 2011 results on stronger revenue and improving pricing fundamentals.
Third Quarter 2011 Compared to Third Quarter 2010 Results
Revenues were $268 million, an increase of 14 percent from the prior year period
Operating income increased 47 percent to $9.6 million compared to $6.5 million in the prior year period Earnings per share were $0.30 compared to $0.16 in the prior year period
Operating ratio was 96.4 compared to 97.2 in the prior year period
LTL tonnage increased by 2.6 percent as LTL shipments per workday were flat with a 2.6 percent increase in weight per shipment LTL yield was up 11.6 percent due to the impact of higher fuel surcharge and favorable pricing actions
Saia Reports Third Quarter Earnings per Share of $0.30: Market Wire Business News - MSN Money
Third Quarter 2011 Compared to Third Quarter 2010 Results
Revenues were $268 million, an increase of 14 percent from the prior year period
Operating income increased 47 percent to $9.6 million compared to $6.5 million in the prior year period Earnings per share were $0.30 compared to $0.16 in the prior year period
Operating ratio was 96.4 compared to 97.2 in the prior year period
LTL tonnage increased by 2.6 percent as LTL shipments per workday were flat with a 2.6 percent increase in weight per shipment LTL yield was up 11.6 percent due to the impact of higher fuel surcharge and favorable pricing actions
Saia Reports Third Quarter Earnings per Share of $0.30: Market Wire Business News - MSN Money