Multi-regional less-than-truckload carrier Saia Inc. reported second-quarter 2012 revenues were up 8.1 percent to $288 million. The carrier’s operating ratio also improved from 96.9 to 92.6.
Though shipments per workday were down 2.1 percent, LTL tonnage increased 1.1 percent in the period for a 3.3 percent increase in weight per shipment.
Operating income for he period rose 157 percent to $21.2 million (compared with $8.3 million for the prior-year period).
LTL yield was up due to the favorable impact of pricing actions, the company said.
“I am pleased with the contributions on many fronts that resulted in a 430 basis point improvement in our operating ratio for the quarter,” said Rick O'Dell, president and chief executive officer. “Saia's excellent service quality, continued progress with yield and focus on operational excellence were key contributors to our margin improvement. Supported by the recovery in the transportation market, we continue to advance our value proposition with investments in quality and refinements in pricing."
Year to date, revenues were up 9.3 per cent to $556 million. Operating income rose 261 percent to $32.2 million, compared with $12.3 million in the prior-year period. Net income was $17.4 million compared with $4.1 million for the same period in 2011.
Saia’s operating ratio year to date was 94.2 vs. 97.6 in the prior year.