Todd Maiden
Tuesday, June 4, 2024
Saia’s stock pops on May’s volume acceleration
Less-than-truckload carrier Saia reported an acceleration in its volume metrics for May, sending its share price up 14% on Tuesday.
Less-than-truckload carrier Saia reported an acceleration in its volume metrics for May, sending its share price up 14% on Tuesday.
Less-than-truckload carrier Saia is the first company to provide an update on shipment trends for the fourth quarter, leaving at least one analyst “encouraged.”
Deutsche Bank geofencing data shows the less-than-truckload recovery off of an April bottom spills into June.