Jack Knife
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Saia, Inc. (NASDAQ: SAIA), a leading multi-regional less-than-truckload (LTL) carrier, today reported improved second quarter 2010 results on stronger revenue, improved pricing fundamentals and solid cost performance.
Second Quarter 2010 Compared to Second Quarter 2009 Results
* Revenues were $231 million, an increase of 6 percent from the prior year quarter.
* Operating income was $5.9 million compared to operating loss of $0.4 million in the prior year quarter.
* Earnings per share were $0.12 vs. losses per share of $0.13 in the prior year quarter.
* Operating ratio was 97.5 vs. 100.2 in the prior year quarter.
* LTL tonnage increased by 1.6 percent from the prior year quarter as LTL shipments per workday were down 2.4 percent with a 4.1 percent increase in weight per shipment.
* LTL yield was up 2.9 percent from the prior year quarter due to the impact of measured pricing actions and higher fuel surcharge.
http://articles.moneycentral.msn.co...Date=20100729&ID=11756191&Symbol=SAIA
Second Quarter 2010 Compared to Second Quarter 2009 Results
* Revenues were $231 million, an increase of 6 percent from the prior year quarter.
* Operating income was $5.9 million compared to operating loss of $0.4 million in the prior year quarter.
* Earnings per share were $0.12 vs. losses per share of $0.13 in the prior year quarter.
* Operating ratio was 97.5 vs. 100.2 in the prior year quarter.
* LTL tonnage increased by 1.6 percent from the prior year quarter as LTL shipments per workday were down 2.4 percent with a 4.1 percent increase in weight per shipment.
* LTL yield was up 2.9 percent from the prior year quarter due to the impact of measured pricing actions and higher fuel surcharge.
http://articles.moneycentral.msn.co...Date=20100729&ID=11756191&Symbol=SAIA
