Saia, Inc. Reports First Quarter 2026 Financial Results

Saia, Inc. reported first quarter 2026 financial results with diluted earnings per share of $1.86, unchanged from the first quarter of 2025. Revenue increased by 2.4% to $806.2 million, while operating income decreased by 4.8% to $66.8 million. The operating ratio was 91.7%, compared to 91.1% in the prior year. LTL shipments per workday increased by 1.0%, but LTL tonnage per workday decreased by 2.1%. LTL revenue per hundredweight, excluding fuel surcharges, rose by 1.9%, while LTL revenue per shipment, excluding fuel surcharges, fell by 1.2%. The company ended the quarter with $39.2 million in cash and $112.8 million in total debt. Net capital expenditures for the quarter were $63.7 million, with an anticipation of $350 million to $400 million for the full year 2026.