Less-than-truckload carrier Saia anticipates a prosperous year ahead despite costs related to new terminals affecting quarterly results. The company reported a 38% drop in fourth-quarter earnings per share, citing adverse claims developments. However, a national network expansion positions Saia to better compete for freight from national shippers.

Although Saia’s fourth-quarter operating ratio worsened year over year, the company expects improved margins in 2026. Winter storms have impacted the first quarter, but management anticipates outperforming seasonal trends. Saia aims for full-year margin growth, even amidst economic uncertainties.

Saia reported fourth-quarter revenue slightly higher than estimates, with tonnage declines offset by increased revenue per hundredweight. The company faced tough tonnage comparisons but saw improvements in yield metrics. Operating ratio challenges were attributed to growth in cost per shipment outpacing revenue growth.

Salaries, wages, and benefits costs increased year over year, impacting Saia’s operating ratio. The company implemented wage increases and saw lower headcount. Depreciation and amortization expenses also rose. Net capital expenditures are expected to decrease in 2026 from previous years.

Shares of SAIA were down compared to the S&P 500, despite the stock’s overall increase since November. The company anticipates a payoff from its $2 billion investment, with plans for margin improvements in the coming year. Saia remains optimistic about its ability to outperform expectations and grow its network.

Read more at Yahoo Finance: Saia awaits payoff on $2B investment