Saia Inc

SAIA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Saia Earnings: Volumes Still Muted, but We Look for Solid Recovery as 2026 Progresses

Matthew Young

May 1, 2026

Industrial-sector freight demand has yet to inflect, but Saia's first-quarter top line grew 2.5% year over year on higher yields (revenue per hundredweight), including rising fuel surcharges. Profitability deteriorated due to soft demand coupled with heavy network investment over the past year.

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Saia Inc

Saia Earnings: Volumes Still Muted, but We Look for Solid Recovery as 2026 Progresses

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