Saia Reports Q1 2026 LTL Shipment Data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy SAIA?
Source: Newsfilter
- Decline in LTL Shipments: In January 2026, Saia's LTL shipments per workday fell by 2.1% compared to January 2025, indicating weak market demand that could negatively impact overall revenue performance.
- Tonnage and Weight Reductions: The same month saw a 7.0% decline in LTL tonnage per workday and a 5.1% drop in weight per shipment, suggesting decreased transportation efficiency that may lead to rising operational costs and affect profit margins.
- February Data Recovery: Although February showed a slight increase of 0.3% in LTL shipments per workday, tonnage and weight still decreased by 2.7% and 3.0%, respectively, reflecting a sluggish market recovery that warrants close monitoring of future trends.
- Stable Contract Renewals: The contract renewal rates for January and February 2026 were 6.6% and 5.9%, respectively, indicating that despite the decline in shipments, the stability of contract renewals may provide some revenue assurance for the company.
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Analyst Views on SAIA
Wall Street analysts forecast SAIA stock price to fall
18 Analyst Rating
9 Buy
9 Hold
0 Sell
Moderate Buy
Current: 405.390
Low
250.00
Averages
350.29
High
431.00
Current: 405.390
Low
250.00
Averages
350.29
High
431.00
About SAIA
Saia, Inc. is a transportation company. The Company provides less-than-truckload (LTL) services through a single integrated organization. It offers customers a wide range of other value-added services, including non-asset truckload, expedited and logistics services across North America. Saia Motor Freight Line, LLC (Saia LTL Freight), a subsidiary of the Company, is an LTL carrier that provides direct service to the 48 contiguous states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers. Saia LTL Freight specializes in offering its customers a range of LTL services, including time-definite and expedited options. Saia LTL Freight provides its customers with solutions for shipments between 100 and 10,000 pounds. Saia LTL Freight operates a network comprised of 213 owned and leased terminals, plus three general offices and one warehouse and owns over 6,600 tractors and 26,200 trailers, including equipment acquired with finance leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Saia Reports Q1 2026 LTL Shipment Data
- Decline in LTL Shipments: In January 2026, Saia's LTL shipments per workday fell by 2.1% compared to January 2025, indicating weak market demand that could negatively impact overall revenue performance.
- Tonnage and Weight Reductions: The same month saw a 7.0% decline in LTL tonnage per workday and a 5.1% drop in weight per shipment, suggesting decreased transportation efficiency that may lead to rising operational costs and affect profit margins.
- February Data Recovery: Although February showed a slight increase of 0.3% in LTL shipments per workday, tonnage and weight still decreased by 2.7% and 3.0%, respectively, reflecting a sluggish market recovery that warrants close monitoring of future trends.
- Stable Contract Renewals: The contract renewal rates for January and February 2026 were 6.6% and 5.9%, respectively, indicating that despite the decline in shipments, the stability of contract renewals may provide some revenue assurance for the company.
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- New Board Member: Proficient Auto Logistics has appointed Rohit Lal to its Board, who currently serves as Executive Vice President of IT Strategy at Saia, Inc., where he leads the development and delivery of enterprise-wide solutions, expected to bring significant technological strategy experience to the company.
- Strategic Enhancement: Lal's appointment is seen as a key move to strengthen the Board, with CEO Rick O'Dell stating that his expertise will advance the company's long-term strategy and facilitate investments in scalable growth.
- Rich Industry Background: Prior to Saia, Lal was the Director of Enterprise Architecture at CONA Services, managing IT shared services co-owned by The Coca-Cola Company, showcasing his extensive experience in enterprise technology transformation.
- Educational Credentials: Lal holds a Bachelor of Science in Chemical Engineering from the Indian Institute of Technology, and his diverse experience in business development and ERP value realization is expected to provide Proficient Auto Logistics with new perspectives and strategic insights.
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Proficient Auto Logistics Appoints New Board Member
- New Board Appointment: Proficient Auto Logistics has appointed Rohit Lal to its Board, who currently serves as Executive Vice President of IT Strategy at Saia, Inc., where he leads the development and delivery of enterprise-wide solutions, expected to bring significant technological expertise to the company.
- Strategic Enhancement: CEO Rick O'Dell views Lal's addition as a crucial step in strengthening the Board, aimed at advancing the company's long-term strategy and investing in scalable growth, highlighting the company's commitment to digital transformation.
- Extensive Industry Experience: Prior to joining Saia, Lal was the Director of Enterprise Architecture at CONA Services, an IT shared services company co-owned by Coca-Cola, showcasing his rich background in enterprise technology strategy.
- Educational Credentials: Lal holds a Bachelor of Science in Chemical Engineering from the Indian Institute of Technology, and his leadership experience across various industries is expected to provide significant support for Proficient Auto Logistics' future growth.
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Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these firms.
- Market Reaction: While specific rating changes are not detailed, analysts' opinions typically influence investor decisions, potentially leading to price fluctuations in the affected stocks.
- Investor Focus: For those considering buying NCLH stock, analysts' views will serve as a crucial reference point, especially in the current market environment.
- Source of Information: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, urging investors to monitor these changes for informed choices.
See More
Saia, Inc. Q4 2025 Earnings Call Insights
- Record Revenue: Saia, Inc. achieved a record revenue of $790 million in Q4 2025, reflecting a 0.1% increase year-over-year despite an 18% volume decline in Southern California, demonstrating the company's resilience in a dynamic demand environment.
- Safety Investments Pay Off: The company reported a 21% reduction in preventable accident frequency and a 10% decline in lost time injuries, attributed to ongoing investments in safety, which enhance employee safety and may lower future insurance costs.
- Rising Operating Ratio: The operating ratio increased to 91.9% in Q4, up from 87.1% a year ago, primarily due to rising self-insurance costs and a $4.7 million reserve increase for prior-year accidents, indicating challenges in cost management.
- Positive Future Outlook: Management projected a 100 to 200 basis point improvement in operating ratio for 2026, emphasizing a focus on realizing returns from network expansion, and maintaining an optimistic view on market opportunities despite pressures from self-insurance costs and regional volume declines.
See More
Saia Reports Q1 2026 LTL Shipment Data
- Decline in LTL Shipments: In January 2026, Saia's LTL shipments per workday fell by 2.1% compared to January 2025, indicating weak market demand that could negatively impact overall revenue performance.
- Tonnage and Weight Reductions: The same month saw a 7.0% decline in LTL tonnage per workday and a 5.1% drop in weight per shipment, suggesting decreased transportation efficiency that may lead to rising operational costs and affect profit margins.
- February Data Recovery: Although February showed a slight increase of 0.3% in LTL shipments per workday, tonnage and weight still decreased by 2.7% and 3.0%, respectively, reflecting a sluggish market recovery that warrants close monitoring of future trends.
- Stable Contract Renewals: The contract renewal rates for January and February 2026 were 6.6% and 5.9%, respectively, indicating that despite the decline in shipments, the stability of contract renewals may provide some revenue assurance for the company.
See More
SAIA INC: JEFFERIES INCREASES TARGET PRICE FROM $450 TO $500
- Price Increase Announcement: Jeffries has raised its price target for Star Group from $450 to $500.
- Market Implications: This adjustment reflects a positive outlook on Star Group's performance and potential growth in the market.
See More
Proficient Auto Logistics Appoints New Board Member
- New Board Member: Proficient Auto Logistics has appointed Rohit Lal to its Board, who currently serves as Executive Vice President of IT Strategy at Saia, Inc., where he leads the development and delivery of enterprise-wide solutions, expected to bring significant technological strategy experience to the company.
- Strategic Enhancement: Lal's appointment is seen as a key move to strengthen the Board, with CEO Rick O'Dell stating that his expertise will advance the company's long-term strategy and facilitate investments in scalable growth.
- Rich Industry Background: Prior to Saia, Lal was the Director of Enterprise Architecture at CONA Services, managing IT shared services co-owned by The Coca-Cola Company, showcasing his extensive experience in enterprise technology transformation.
- Educational Credentials: Lal holds a Bachelor of Science in Chemical Engineering from the Indian Institute of Technology, and his diverse experience in business development and ERP value realization is expected to provide Proficient Auto Logistics with new perspectives and strategic insights.
See More
Proficient Auto Logistics Appoints New Board Member
- New Board Appointment: Proficient Auto Logistics has appointed Rohit Lal to its Board, who currently serves as Executive Vice President of IT Strategy at Saia, Inc., where he leads the development and delivery of enterprise-wide solutions, expected to bring significant technological expertise to the company.
- Strategic Enhancement: CEO Rick O'Dell views Lal's addition as a crucial step in strengthening the Board, aimed at advancing the company's long-term strategy and investing in scalable growth, highlighting the company's commitment to digital transformation.
- Extensive Industry Experience: Prior to joining Saia, Lal was the Director of Enterprise Architecture at CONA Services, an IT shared services company co-owned by Coca-Cola, showcasing his rich background in enterprise technology strategy.
- Educational Credentials: Lal holds a Bachelor of Science in Chemical Engineering from the Indian Institute of Technology, and his leadership experience across various industries is expected to provide significant support for Proficient Auto Logistics' future growth.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these firms.
- Market Reaction: While specific rating changes are not detailed, analysts' opinions typically influence investor decisions, potentially leading to price fluctuations in the affected stocks.
- Investor Focus: For those considering buying NCLH stock, analysts' views will serve as a crucial reference point, especially in the current market environment.
- Source of Information: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, urging investors to monitor these changes for informed choices.
See More
Saia, Inc. Q4 2025 Earnings Call Insights
- Record Revenue: Saia, Inc. achieved a record revenue of $790 million in Q4 2025, reflecting a 0.1% increase year-over-year despite an 18% volume decline in Southern California, demonstrating the company's resilience in a dynamic demand environment.
- Safety Investments Pay Off: The company reported a 21% reduction in preventable accident frequency and a 10% decline in lost time injuries, attributed to ongoing investments in safety, which enhance employee safety and may lower future insurance costs.
- Rising Operating Ratio: The operating ratio increased to 91.9% in Q4, up from 87.1% a year ago, primarily due to rising self-insurance costs and a $4.7 million reserve increase for prior-year accidents, indicating challenges in cost management.
- Positive Future Outlook: Management projected a 100 to 200 basis point improvement in operating ratio for 2026, emphasizing a focus on realizing returns from network expansion, and maintaining an optimistic view on market opportunities despite pressures from self-insurance costs and regional volume declines.
See More
