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Saia has named Frederick J. Holzgrefe as its president and chief operating officer, effective immediately.
Read More →Transportation provider Saia has posted a record second quarter earnings per share of $1.15, up from 68 cents a year ago.
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One of the nation’s largest third-party logistics providers, C.H. Robinson grew its first quarter profit and revenue by double digits – and less-than-truckload carrier Saia reported growth by larger margins.
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While Schneider National Inc. and Saia Corp. reported better numbers, USA Truck Inc. returned to only partial profitability and YRC Worldwide Inc. reported losses in both time frames.
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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.
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Saia and TST Overland Express announced an exclusive partnership to serve both companies’ U.S.-Canada cross-border less-than-truckload customers.
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Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.
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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.
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The week wrapped up with more fleets reporting their second-quarter earnings. Like many that have already advised, profits for three were lower, while the largest trucking company in the nation and another a few years ago that was on the brink of extinction showed improvements.
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The wave of first quarter earnings reports from the nation’s publicly owned fleets continued on Wednesday, with three out of four lower than a year earlier due mainly to less freight to move.
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