Saia Shares Down on Lower Shipments in April, May

Dow Jones
06-05
 

By Adriano Marchese

 

Saia shares declined Thursday after the freight company said that the number of its less-than-truckload shipments declined in the past two months.

The stock was down 4.7% at $252.71 in Thursday trading. Shares are down 45% this year.

Saia said before the market open that shipments per workday declined 1.9% in April and 3.2% in May, according to data gathered for the first two months of the current quarter.

Less-than-truckload refers to shipments that don't require a full truck.

Shipped tonnage was up 4.4% per workday and weight per shipment rose by 6.5% in April. Tonnage per workday ticked down 0.4%, while weight per shipment rose 3.2%.

The company noted that the actual metrics may differ from the data when Saia reports quarterly results.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

June 05, 2025 11:47 ET (15:47 GMT)

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