Saia Inc. on Friday, July 27, reported revenues for the second quarter of 2012 were $288 million, an increase of 8.1 percent. Operating income increased 157 percent to $21.2 million compared to $8.3 million in the prior-year period, and net income was $11.9 million compared to $3.5 million. The less-than-truckload company’s operating ratio was 92.6 compared to 96.9.
“I am pleased with the contributions on many fronts that resulted in a 430 basis point improvement in our operating ratio for the quarter,” said Rick O’Dell, president and chief executive officer of the Johns Creek, Ga.-based company. “Saia’s excellent service quality, continued progress with yield and focus on operational excellence were key contributors to our margin improvement. Supported by the recovery in the transportation market, we continue to advance our value proposition with investments in quality and refinements in pricing.”
O’Dell said Saia again consistently delivered 98 percent on-time service. “We saw progress in essentially every quality metric we measure,” he said. “I believe that our fundamental execution on quality, yield management and optimization initiatives has never been better and provides Saia with a sound foundation for further progress.”
Year-to-date revenues were $556 million compared to $509 million in the prior-year period, an increase of 9.3 percent. Operating income was $32.2 million compared to $12.3 million, and net income was $17.4 million compared to $4.1 million. The company’s operating ratio was 94.2 compared to 97.6.
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