Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: Saia Improves 7.7%, Universal Logistics Falls 43%

Mainly less-than-truckload carrier Saia Inc. saw its profit move higher in the first quarter of the year while multi-trucking service provider Universal Logistics Holdings Inc. saw lower net income despite more revenue.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
Read Evan's Posts
April 28, 2017
Earnings Watch: Saia Improves 7.7%, Universal Logistics Falls 43%

 

2 min to read


Mainly less-than-truckload carrier Saia Inc. saw its profit move higher in the first quarter of the year while the muti-trucking service provider Universal Logistics Holdings Inc. saw lower net income despite more revenue.

Georgia-based Saia reported net income grew 7.7% from a year ago, totaling $11.4 million, or 44 cents per share, beating a consensus estimate by analysts by 3 cents, and versus 42 cents per share in the first quarter of 2016. The company said its bottom line benefitted from a lower effective tax rate. Revenue increased 9.4% to $317 million.

Ad Loading...

"We are encouraged by the improved LTL shipment trends we experienced in the first quarter," said Saia President and CEO Rick O'Dell. "Our first quarter was a very busy time for all of us at Saia, as our plan for expansion into Pennsylvania and New Jersey kicked into high gear.”

The expansion plans are the first steps in a corporate move to become a 48-state LTL service provider.

During the first quarter, LTL shipments increased 3.5% from a year earlier while tonnage pushed 2% higher. LTL revenue per hundredweight jumped 7.7%.

The company’s smaller truckload operation reported tonnage moved in the quarter increased 9.2% from a year earlier while revenue per shipment improved 1.8%.

Universal Logistics Holdings Profit Falls Despite Higher Revenue

Meantime, Universal Logistics Holdings reported its net income in the first three months of the year fell 43% from the same time in 2016, totaling $4.3 million.

Ad Loading...

Earnings per share were 15 cents, matching Wall Street expectations, compared to 26 cents a year earlier.

The declines came despite revenue increasing to $284.4 million from $260.4 million as it reported increased revenue from its truckload, brokerage, intermodal, dedicated, and value-added services segments.

According to the company, the overall decrease is primarily attributable to lower operating margins and higher launch costs at a few of its major value-added operations.

"We are very excited to see top-line revenue growth in every one of our service categories and even more so, to see double-digit growth in several of them,” said Jeff Rogers, CEO. “Despite numerous positive signs, we are still facing real challenges at a few of our large value-added programs.  We have experienced certain production issues and on-going launch costs that have depressed the performance of these operations. Although we are making progress, additional improvement is required in order to reach the level of profitability that we expect.”

More Fleet Management

Daimler-Class8 partnership.
Fleet Managementby News/Media ReleaseFebruary 2, 2026

DTNA Partners with Class8 to Expand Digital Services for Freightliner Owner-Operators

A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.

Read More →
SponsoredFebruary 1, 2026

Reducing Fleet Downtime with Advanced Diagnostics

This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.

Read More →
SponsoredFebruary 1, 2026

Stop Watching Footage, Start Driving Results

6 intelligent dashcam tactics to improve safety and boost ROI

Read More →
Ad Loading...
M&A illustration with Werner and FirstFleet logos
Fleet Managementby Deborah LockridgeJanuary 29, 2026

Werner Expands Dedicated Fleet Nearly 50% With FirstFleet Acquisition

The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.

Read More →
Bobit Business Media B2X Rewards.
Fleet Managementby News/Media ReleaseJanuary 29, 2026

Bobit Business Media Launches B2X Rewards Engagement Program

B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.

Read More →
Trucking Trends series graphic
Fleet Managementby Deborah LockridgeJanuary 29, 2026

AI is Reshaping Trucking in 2026, from the Back Office to the Shop

Trucking’s biggest technology shifts in 2026 have one thing in common: artificial intelligence.

Read More →
Ad Loading...
Column graphic illustration with Deborah Lockridge head shot and a small fleet truck in the background
Fleet Managementby Deborah LockridgeJanuary 27, 2026

Why Small Trucking Fleets Are Still Standing [Commentary]

Why discipline, relationships, and focus have mattered more than size for smaller trucking fleets during the freight recession.

Read More →
Fleet Managementby Deborah LockridgeJanuary 23, 2026

Cargo Theft Is Surging. A Bill in Congress Could Help. [Video]

Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.

Read More →
CargoNet infographic showing 2025 cargo theft trends
Fleet Managementby Deborah LockridgeJanuary 22, 2026

Cargo Theft Losses Jump 60% in 2025 as Criminals Target Higher-Value Freight

Cargo theft activity across North America held relatively steady in 2025 — but the financial damage did not, as ever-more-sophisticated organized criminal groups shifted their cargo theft focus to higher-value shipments.

Read More →
Ad Loading...
Phillips Connect -- McLeod smart trailer TMS.
Fleet ManagementJanuary 22, 2026

Phillips Connect, McLeod Integrate Smart Trailer Data into TMS Workflows

A new partnership between Phillips Connect and McLeod allows fleets to view trailer health, location, and cargo status inside the same McLeod workflows used for planning, dispatch, and execution.

Read More →