Saia’s tonnage growth steps higher in August as comps ease
August year-over-year tonnage growth accelerated for less-than-truckload carrier Saia, aided by a softer prior-year comparison than in July. The post Saia’s tonnage growth steps higher in August as comps ease appeared first on FreightWaves .
In August, less-than-truckload carrier Saia experienced an 8.7% year-over-year increase in tonnage, as daily shipments grew by 1.1% and weight per shipment rose by 7.5%. This acceleration in tonnage growth was likely due to easier prior-year comparisons compared to July. The carrier also implemented a 7.1% general rate increase on July 6, which may have created some near-term demand volatility.
Looking ahead, Saia expects a slight year-over-year margin deterioration in the third quarter, but anticipates only 100 basis points of erosion this year, compared to the usual 150 to 200 basis points.
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