Earnings Watch: Saia Profit Declines 16%, Beats Estimates
Saia Inc. saw its fourth quarter profit decline to $11.4 million, or 45 cents per diluted share, from $13.6 million, or 53 cents per diluted share a year earlier, beating analysts' estimates.

The less-than-truckload, expedited and logistics operation Saia Inc. (NASDAQ: SAIA), saw its fourth quarter profit decline to $11.4 million, or 45 cents per diluted share, from $13.6 million, or 53 cents per diluted share a year earlier. The results beat analysts’ consensus estimates of $0.31 by $0.14, Market Beat Ratings reports.
Revenue during the quarter fell 7% to $288 million for the Georgia-headquartered company.
LTL shipments were down 6.2% for the quarter compared to the same time in 2014. LTL tonnage declined 8.9% but LTL revenue per hundredweight increased 2.1%, despite lower year-over-year fuel surcharges.
"Consistent with our strategy over the past several years, we continued to focus on yield improvement in the fourth quarter," said Saia president and CEO Rick O'Dell. "With effective mix management, we realized improvements in both our yield and revenue per shipment, despite weak industrial freight volumes."
For the full year 2015, net income rose 5.8% to $55 million while diluted earnings per share improved by 12 cents to $2.14. Revenue fell 4% to $1.2 billion.
"While it is somewhat satisfying to report our fourth consecutive year of record earnings per share, we enter 2016 with some uncertainty with regarding the health of the industrial economy,” O'Dell said.
In an email to investors, David Ross with Stifel noted that Saia's LTL tonnage fell 8.9% year over year and total tonnage dropped 10%, worse than expected. Some of the volume declines were due to the company's "above-average exposure" to the oil/gas industry, he noted.
However, he said, the company's operating efficiency was better than expected, with an operating ratio of 93.9%.
More detailed numbers are on the Saia website.
More Fleet Management

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 →
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 →
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 →
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 →
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 →
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 →
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 →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 →
BeyondTrucks Adds Rules Checks to Dispatch
New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.
Read More →
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 →
