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Saia, Inc. (NASDAQ: SAIA), a leading multi-regional less-than-truckload ("LTL") carrier (the "Company"), today reported first quarter 2011 results. Earnings per share were $0.04 compared to losses of $0.21 per share in the prior year quarter. First quarter revenue was $243 million, up 15 percent from the prior year quarter, reflecting both stronger tonnage and improved yield.
First quarter 2011 highlights include:
-- Operating income was $4.1 million compared to a $2.1 million operating loss in the prior year quarter -- Operating ratio was 98.3 vs. 101.0 in the prior year quarter -- LTL tonnage per workday was up 3.9 percent from prior year quarter -- LTL shipments per workday were up 2.2 percent with a 1.7 percent increase in weight per shipment over the prior year quarter -- LTL yield was up 8.2 percent over the prior year quarter due to pricing actions and increased fuel surcharge
Saia, Inc. Reports First Quarter 2011 Results: Market Wire Business News - MSN Money
First quarter 2011 highlights include:
-- Operating income was $4.1 million compared to a $2.1 million operating loss in the prior year quarter -- Operating ratio was 98.3 vs. 101.0 in the prior year quarter -- LTL tonnage per workday was up 3.9 percent from prior year quarter -- LTL shipments per workday were up 2.2 percent with a 1.7 percent increase in weight per shipment over the prior year quarter -- LTL yield was up 8.2 percent over the prior year quarter due to pricing actions and increased fuel surcharge
Saia, Inc. Reports First Quarter 2011 Results: Market Wire Business News - MSN Money
