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Saia Posts Record Revenue, Tonnage on Expanded Terminal Footprint

Less-than-truckload carrier Saia delivered record third-quarter revenue and tonnage as its expanded terminal network drove outsized volume growth. The company reported earnings per share of $3.60, surpassing consensus estimates by 11 cents. Revenue climbed 17% year-over-year to $983 million, beating analyst expectations by $15 million. Tonnage increased 9% as shipments rose 1% and weight per shipment grew 8%. Since 2022, Saia has opened 45 new terminals and relocated or expanded 25 others, bringing its network to 219 locations. Management said the carrier now stands on equal footing with larger national competitors. A general rate increase implemented July 6 is performing well. Saia REV service improvements have reduced transit times across more than 2,000 lanes. The company's focus now centers on improving operating results at new locations.