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Mar 31, 2023
Saia Q1 2023 Earnings Report
Reported a slight decrease in revenue and operating income due to lower than expected business levels, but managed costs and maintained customer service.
Key Takeaways
Saia reported first quarter 2023 financial results with a slight decrease in revenue and operating income compared to the previous year. Despite softer freight environment, the company managed costs, maintained customer service, and saw a constructive quarter in pricing discussions with customers. They also posted an increase in yield excluding fuel surcharge and expanded their network footprint.
Revenue decreased slightly by 0.1% year-over-year.
Operating income decreased by 4.2% year-over-year.
LTL shipments per workday decreased by 7.1%.
LTL revenue per shipment increased by 7.6%.
Saia
Saia
Forward Guidance
Saia anticipates that net capital expenditures will be in excess of $400 million in 2023, subject to ongoing evaluation of market conditions.