Saia, a less-than-truckload carrier, reported a second-quarter revenue of $817 million, slightly down year-over-year but beating analysts’ expectations. Tonnage increased by 1% year-over-year, with ups and downs in different months. The company faces tough year-over-year comparisons following Yellow Corp.’s collapse. Saia’s operating ratio was 87.8%, 450 basis points worse year-over-year. The company has inked deals to buy 31 terminals from Yellow, now operating a national network of 213 terminals. Shares of Saia were up 5.6% on Friday. Saia is making progress in managing costs and operational challenges.
Read more at Yahoo Finance: Saia beginning to shake off growing pains
