Saia’s LTL shipments per workday decreased 3.8% year-over-year to 30.78 in the most recent three months from 32 in the year-ago period. The lower the operating ratio, the better the company’s performance.
Operating ratio provides an insight on how a management team is doing when balancing the company’s costs and revenue generation.
“It’s clear … the company is firing on all cylinders from an operating perspective and all but assures, in our view, a mid-70s in the next upcycle (which is likely coming sooner than expected given issues at Yellow),” Deutsche Bank research analyst Amit Mehrotra said in a July 28 research note.
