Why Saia Stock Was Climbing Today
Shares of Saia (NASDAQ: SAIA) were moving higher Friday after the less-than-truckload (LTL) transportation company posted better than expected bottom-line results for the first quarter. In a difficult economic environment, Saia said that revenue was down 0.1% to $660.5 million, which missed analysts' consensus estimate of $667.2 million. Management said yield -- essentially pricing -- rose by 4.5%, excluding a fuel surcharge.