Saia Reports Increased Revenues

April 29, 2013

SHARING TOOLS        | Print Subscribe

Saia Inc. reported improved first quarter 2013, which include revenues which total $274 million, an increase of 1.9%.

Revenue per workday increased by 3.5% with one less workday in the first quarter of 2013. Operating income increased by 32% to $14.5 million from $11 million.

Earnings per share were $0.55, including $0.06 in tax credits enacted in 2013 retroactive to 2012, compared to$0.34. LTL tonnage per workday decreased 2.1%, and LTL yield was up 5.4% due to yield management and higher fuel surcharges

Total debt was $58.8 million at March 31, 2013 resulting in net debt to total capital of 18.1%. This compares to total debt of $86.5 million and net debt to total capital of 27.7% at March 31, 2012.

Net capital expenditures for the first three months of 2013 were $6 million. This compares to $39 million of net capital expenditures in the same period in 2012. The company is planning net capital expenditures in 2013 of approximately $90 million. This expenditure level reflects replacement tractors and trailers to reduce the average age of the company's fleet and the its continued investment in technology.


Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All