Saia Inc
SAIA: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$267.00 | Vmk | Zsrsnbxk |
Saia Earnings: LTL Demand Challenged, but Top Carriers Likely To Grab Share from Yellow
Less-than-truckload specialist Saia's top line fell 7% year over year, but was in line with our expectations as initial freight diversions from floundering LTL peer Yellow helped offset greater-than-expected deterioration in core LTL-industry demand. Recall Yellow is facing a potential bankruptcy and customers have been diverting freight to other carriers in recent weeks.