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Saia's LTL Shipments Surge Over 18% in Early Q2 2024, Despite Lighter Loads, Reports Strong Growth in LTL Shipments and Tonnage for April and May 2024

Author: Benzinga Newsdesk | June 04, 2024 07:35am

Saia, Inc. (NASDAQ:SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, is providing LTL shipment and tonnage data for the first two months of the second quarter. In April 2024, LTL shipments per workday increased 18.0%, LTL tonnage per workday increased 7.6% and LTL weight per shipment declined 8.8% to 1,332 pounds. In May 2024, LTL shipments per workday increased 18.6%, LTL tonnage per workday increased 9.8% and LTL weight per shipment declined 7.4% to 1,345 pounds.
 

These changes are summarized in the table below:

April 2024

versus April 2023
May 2024

versus May 2023
Quarter to Date (QTD)

2024 versus QTD 2023
LTL Shipments per workday 18.0% 18.6% 18.2%
LTL Tonnage per workday 7.6% 9.8% 8.6%
LTL Weight per shipment -8.8% -7.4% -8.1%

Posted In: SAIA