Less-than-truckload operator Saia reported increases in revenue and profit in the second quarter of 2013, even as tonnage the company handled fell.
Revenue rose 2 percent year-over-year to $293 million, and net income climbed to $13.5 million from $11.9 million in the same quarter last year.
LTL volume dropped 1.6 percent year-over-year to 955,000 tons, and LTL shipments fell 0.9 percent, to 1,642 in the quarter. LTL yield, however, rose 3.2 percent. The company’s operating ratio improved to 92.0 from 92.6 in the same quarter of 2012.
“Saia’s high service quality, continued progress with yield and focus on operational excellence were the drivers of our margin improvement,” President and CEO Rick O’Dell said in a written statement. “While volumes during the quarter were relatively soft in line with the general economy, we continue to advance our value proposition with investments in quality and focus on customer service.”
Saia, based in Johns Creek, Ga., was the 10th-largest LTL carrier on the JOC-SJ Consulting 2012 ranking of Top 25 LTL Carriers, with just under $1.1 billion in revenue.