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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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