Less-than-truckload shipments up 18% and tonnage up 9.8% in Q2

  • Saia shares rose on Tuesday due to increased less-than-truckload shipments and tonnage in April and May
  • Less-than-truckload shipments increased by 18% and 18.6% in April and May, respectively
  • Tonnage per workday increased by 7.6% and 9.8% in April and May, respectively
  • Weight per shipment declined by 8.8% to 1,332 pounds in April and 7.4% to 1,345 pounds in May

Saia Inc.’s shares rose by 7.6% to $433 on Tuesday following the announcement of a significant increase in less-than-truckload shipments and tonnage during April and May compared to the same period last year. The company’s less-than-truckload carrier reported an impressive growth of 18% and 18.6% in shipments, while tonnage per workday increased by 7.6% and 9.8% respectively in these two months. However, the weight per shipment saw a decline of 8.8% to 1,332 pounds in April and 7.4% to 1,345 pounds in May.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Saia’s performance in the first two months of the second quarter, including specific percentage increases in shipments and tonnage. It also mentions the decline in weight per shipment. The information is relevant to the main topic and does not contain any digressions or unnecessary details.
Noise Level: 6
Noise Justification: The article provides relevant information about Saia’s performance in the first two months of the second quarter but lacks context and analysis. It does not explore the consequences of these results or provide actionable insights for readers.
Public Companies: Saia (SAIA)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Saia’s stock price
Financial Rating Justification: The article discusses Saia’s financial performance and its impact on the company’s stock price, making it relevant to financial topics.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.

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