Saia, Inc. today reported improved fourth quarter 2011 results on stronger revenue and improving pricing fundamentals.
Fourth Quarter 2011 Compared to Fourth Quarter 2010 Results
- Revenues were $253 million, an increase of 13 percent from the prior year period
- Operating income increased more than three fold to $6.2 million compared to $1.8 million in the prior year period
- Earnings per share were $0.15 compared to $0.04 in the prior year period
- Operating ratio was 97.6 compared to 99.2 in the prior year period
- LTL tonnage increased by 1.5 percent as LTL shipments per workday were down 1.2 percent with a 2.8 percent increase in weight per shipment
- LTL yield was up 11.0 percent due to the impact of favorable pricing actions and higher fuel surcharges
- Claims expense was $4.8 million over the prior year due primarily to accident severity
Saia Reports Fourth Quarter Earnings per Share of $0.15: Market Wire Business News - MSN Money