Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: Saia Earnings Up, C.H. Robinson Down

As more trucking companies report third quarter earnings, most are showing profits are down from the same time a year ago – but there are a few exceptions.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
October 26, 2016
Earnings Watch: Saia Earnings Up, C.H. Robinson Down

 

3 min to read


As more trucking companies report third quarter earnings, most are showing profits are down from the same time a year ago – but there are a few exceptions.

The less-than-truckload feet Saia Inc. (NASDAQ: SAIA) reported net income increased to $13.8 million from $11.8 million. Earnings per share increased to 54 cents from 46 cents, 4 cents better than a consensus estimate from analysts.

Ad Loading...

Revenue moved down just 0.2% from a year earlier to $316 million, while operating income increased to $22.6 million from $19.8 million.

"Third quarter operating results reflect our continued pricing discipline and our company-wide efforts aimed at achieving operating efficiencies across all areas of our network," said Saia President and CEO Rick O'Dell, citing year-over-year improvements in dock, city and linehaul productivity.

He said freight rates increased an average of 5.7% on contractual renewals in the quarter. In early October the Georgia-based company implemented a general rate increase of 4.9%.

Ad Loading...

During the quarter LTL shipments per workday fell by 1.2%, and LTL tonnage per workday declined by 2.9%, while LTL yield increased 3.7%.

"Though the economic environment continues to offer only tepid growth, I was encouraged to see our LTL shipment trend turn positive in September for the first time since February," O'Dell said.

C.H. Robinson Profit Slides As Freight Rates Sink

In contrast, earnings for third-party logistics provider C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) fell by 7.5% to $129 million in the third quarter from the same time a year ago, while revenue declined 5.1% to $558.5 million due to lower freight rates.

Earnings per share totaled 90 cents in the most recent quarter, 7 cents short of Wall Street expectations and down from 96 cents a year earlier.

“We expected a challenging pricing environment in 2016 as shippers focus on reducing their transportation costs," said John Wiehoff, CEO and chairman. "Despite the decrease in some of our key financial metrics in the third quarter, we feel confident that we are making good progress on our long-term plans. We are adapting to the market conditions by achieving profitable volume growth and continuing to focus on improving our customers’ supply chain outcomes.”

Ad Loading...

The Minnesota-based company saw truckload revenue drop 10.4% to $309 million in the third quarter, despite total truckload volumes increasing approximately 7.5% year-over-year. North American truckload volumes also increased approximately 7.5% over the same period.

According to the company its truckload net revenue margin was lower in the third quarter of 2016 than the third quarter of 2015, due primarily to lower customer pricing. In North America, excluding estimated impacts of changes in fuel prices, the average truckload rate per mile charged to customers fell approximately 5.5% in the third quarter of 2016 compared to a year earlier.

However, C.H. Robinson’s less-than-truckload revenue increased 2.4% in the third quarter of 2016 to $96.4 million from a year earlier. LTL volumes increased about 4.5% while net revenue margin decreased slightly.

The company’s intermodal net revenues fell by 24.5% to $7.7 million in the third quarter of 2016, attributed mainly to net revenue margin declines. It was additionally hurt by the alternative lower cost truck market.

C.H. Robinson also reported revenue fell in its ocean transportation, 3.1% in the third quarter. However, its other logistics services net revenues, which includes managed services, warehousing, and small parcel, increased 31%, primarily from growth in managed services, according to the company.

Ad Loading...

More Fleet Management

Red Kodiak-branded autonomous tractor with Charger-branded trailer backed up to warehouse
Fleet Management•October 30, 2026

Kodiak Lines Up Fleets for Driverless Trucking

An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.

Read More →
Illustration with Star of David and EEOC logo
Fleet Management•by News/Media Release•October 28, 2026

ITS Logistics Settles Religious Harassment Case

The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.

Read More →
Truck on divided interstate highway driving toward sunrise
Fleet Management•October 27, 2026

Your Trucks Are Busy. That Doesn’t Mean They’re Winning.

High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.

Read More →
Ad Loading...
ATA economist Bob Costello speaking beside a graph showing truckload operating costs rising as freight revenue per mile declined after 2022.
Fleet Management•by Deborah Lockridge•October 22, 2026

Why This Trucking Recovery Is Different

Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.

Read More →
PS Coach tablet interface showing a driver’s coaching inbox, safety event video and coaching advice for a harsh-braking event.
Fleet Management•by News/Media Release•October 21, 2026

Platform Science Adds Dispatch and Safety Tools

Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.

Read More →
Screen capture showing PrePass Intelligence data on tolls
Fleet Management•by News/Media Release•October 21, 2026

PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data

PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.

Read More →
Ad Loading...
Computer screen showing examples of what fleets could ask Motive AI Agents to do
Fleet Management•by Staff•October 20, 2026

Motive Adds AI Agents for Fleet Operations

New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.

Read More →
Graphic art with a heavy-duty tractor trailer and a work truck with the words "trivia lunch"
Fleet Management•by Lauren Fletcher•October 19, 2026

Can You Beat Our Trucking Trivia Challenge?

Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?

Read More →
Four horizontal and two vertical video screens show different aspects of BeyondTruck's new compatibility engine
Fleet Management•by Deborah Lockridge•October 19, 2026

BeyondTrucks Adds Rules Checks to Dispatch

New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.

Read More →
Ad Loading...
Gloved hand fueling a truck beside a graphic listing ATRI’s top three trucking concerns for 2026: fuel prices, lawsuit abuse reform and CSA.
Fleet Management•by Deborah Lockridge•October 19, 2026

Diesel Prices Hijack Trucking’s Worry List

ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.

Read More →