Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: Saia, Heartland Report Lower Profits

One trucking company serving mainly the less-than-truckload market and another in the truckload sector have both reported lower third quarter earnings.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
October 28, 2015
Earnings Watch: Saia, Heartland Report Lower Profits

 

3 min to read


One trucking company serving mainly the less-than-truckload market and another in the truckload sector have both reported lower third quarter earnings.

Georgia-based Saia Inc. (SAIA) had net income of $11.8 million, or 46 cents per diluted share, compared to $16.3 million, or 64 cents per diluted share, a year earlier.

Ad Loading...

Revenue declined from $332.5 million in the third quarter of 2014 to $317.2 million in the most recent quarter as operating income decreased 27% to $19.8 million.

LTL shipments were down 4.2% and LTL tonnage declined 6.7% in the most recent quarter compared to same time in 2014. However, LTL revenue per hundredweight increased 2.2% despite lower year-over-year fuel surcharges, according to the company.

"Our disappointing third quarter results were primarily the result of declining tonnage trends during the quarter, which made it difficult to offset higher investments in driver wages,” said Saia President and CEO Rick O'Dell. “Additionally, we incurred increased expenses associated with self-insurance claims. In this type of volume environment we will more aggressively manage costs and maintain a constant focus on mix management to ensure that proper compensatory pricing is in place,"

Ad Loading...

He said despite the lower year-over-year earnings results, Saia improved pricing and LTL yield for the 21st consecutive quarter.

More details are on the Saia website.

Heartland Express Inc. (HTLD) reported simlar results, with net income of $15.1 million, compared to $22.7 million in the third quarter of 2014, a 33.5% decrease.

Diluted earnings per share fell to 17 cents, down from 26 cents a year earlier.

Revenue totaled $182.5 million compared to $217.1 million, a 15.9% decrease to the third quarter of 2014. Operating revenues decreased 8.1% excluding fuel surcharges.

Ad Loading...

According to the Iowa-based company, operating results for the quarter were hurt by a $3.9 million decrease in gains on sales of equipment and $2.2 million increase in insurance and claims activity, along with lower than anticipated freight volume compared to the second quarter of this year.

“While driver attrition has slowed, since implementation of our updated pay package in late 2014 and early 2015, attracting and retaining professional drivers that meet our high standards of safety continues to be an ongoing challenge,” Heartland said in a news release. “Driver challenges coupled with our yield management efforts and current freight demand has resulted in lower revenues and earnings period over period compared to 2014, although our operating ratio and net margin continue to show good improvement for the year ended Sept. 30, 2015.”

Heartland also disclosed it has been taking delivery of new equipment. Its dry-van trailer fleet, excluding specialty equipment, will be 100% 2012 and newer model years by the end of 2015.

More information on Heartland’s financial performance is on the Globe Newswire website.

More Fleet Management

Geotab screen on AI concept background
Fleet ManagementJune 17, 2026

What Geotab's New AI Connector Means for Fleets

Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.

Read More →
Image of computer screen with BidBoardX interface

New C.H. Robinson Tool Opens Door to More Predictable Freight

BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.

Read More →
Amazon electric cargo bike on New York City street
Fleet ManagementJune 15, 2026

New York City's Microhub Project is Delivering Results

Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.

Read More →
Ad Loading...
Illustration of hourglass and trucks backed up to a dock
DriversJune 15, 2026

Why Truck Detention Keeps Costing Fleets Time and Money

A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.

Read More →
Panel discussion
Fleet Managementby Deborah LockridgeJune 12, 2026

Time is Running Out to Apply for Exclusive HDT Event

Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.

Read More →
Empty trailer with worker loading a pallet of cargo
Fleet ManagementJune 10, 2026

Amazon Launches Less-Than-Truckload Freight Offering for All Businesses   

This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.

Read More →
Ad Loading...
Stacks of intermodal containers at port with truck driving between them

Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall

After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.

Read More →
Equity Interest Auction
SponsoredJune 8, 2026

AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!

Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.

Read More →
Volvo OTA updates.

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities

The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.

Read More →
Ad Loading...
Podcast thumbnail illustration
Fleet ManagementJune 4, 2026

How Waste Connections is Using Data, Telematics, and AI

How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.

Read More →