Saia drops as Q1 tonnage and pricing soften, operating ratio worsens
SAIA•Saia shares are sliding after its April 30, 2026 Q1 report showed weaker freight fundamentals, including a 2.1% drop in LTL tonnage per workday and a 1.2% decline in LTL revenue per shipment excluding fuel. Profitability also softened as the operating ratio worsened to 91.7% from 91.1% a year earlier, despite record revenue of $806.2 million.
1. What’s moving the stock today
Saia (SAIA) is down about 5% as investors digest its late-week quarterly update and the underlying freight metrics. While the company posted record first-quarter revenue of $806.2 million, the quarter featured softer demand indicators and a less favorable profitability profile, which is weighing on sentiment in the next trading sessions after the release. (globenewswire.com)
