US LTL player Saia surges on solid update

road with sign of opportunity

By LoadstarEditorial

05/06/2024

Saia yesterday disclosed strong Q2 LTL operating data – click here for more.

Its stock surged +6.67% to $429.33 yesterday, 4 June, the second-best performer in our demo portfolio behind a reinvigorated Forward Air (+8.36%).

(After a period of weakness, it’s now flattish for the year.)

Notably, Saia was one of the stock opportunities flagged by analysts at UBS at the end of last week… for more, please read: ‘Bargain basement hunting back on vogue’.

Comment on this article

You must be logged in to post a comment.

Topics

Saia Amazon ArcBest Landstar Old Dominion Freight Line Ryder

Most read news

Carriers unveil Panama Canal transit surcharges for new year

The Loadstar explains: port automation

HMM to return to the transatlantic, as ONE teams up with Ocean Alliance

Multimodal negotiable cargo documents a step closer to reality

USPS privatisation would change the dynamics of rocky US final-mile landscape

The paradoxes of port productivity

Ocean and Premier alliances plan jointly operated transatlantic networks

Trump will have a 'heavy impact on container volumes', warns Wan Hai chief

US port dispute: 'the carriers and USMX are going to lose this battle'

Zim aims to strengthen Indian trades with deepsea VSA with MSC

Apparel buyers revive alternatives in India amid Bangladesh struggles

Air freight review: carriers eye higher contract rates after extended peak

2024: Sublime DSV, battered Kuehne, after a year to remember

LA/LB ports eye record throughput, but there are 'signals of strain'

Ripples from Trump tariff threat rocking boats in the neighbourhood

CMA CGM to launch battery-powered container barge in Vietnam