Description

Can Saia Sustain Shipment Momentum Through Fuel Volatility?

Saia, Inc. reported first quarter 2026 results characterized by operational resilience amid a challenging environment marked by weather disruptions and volatile fuel costs. The company recorded a quarterly revenue of $806.2 million, reflecting a 2.4% year-over-year increase and establishing a new record for the first quarter. This growth was driven by a 1% rise in shipments per workday and increased fuel surcharge revenue, although revenue per shipment excluding fuel declined by 1.2%, influenced by lower average shipment weight and a shorter length of haul compared to the prior year. Notably, revenue per shipment excluding fuel improved sequentially throughout the quarter, partially due to contract renewals delivering a 6.7% pricing increase, the highest seen recently.