SAIA Saia (SAIA) Q2 FY26 earnings call
Saia delivered a strong second quarter, achieving record revenue and significant operating ratio improvement, driven by disciplined execution and strategic network investments. The company is leveraging its expanded national footprint and technology, including the new Saia REV initiative, to enhance customer experience and drive returns. While facing regional mix headwinds and elevated fuel costs, management expresses cautious optimism for an improving macro environment and continued progress towards long-term margin goals.
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SAIA operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Cargo claims ratio | 0.5%We achieved a cargo claims ratio of 0.5%, which is our sixth straight quarter of claims ratio below 0.6%, a record of consecutive quarters achieving this milestone.Source: earnings call transcript | 0.3%Despite lower head count and increased shipments compared to prior year, we achieved a record cargo claims ratio of 0.3%, demonstrating our ability to deliver high-quality service across our now national footprint.Source: earnings call transcript | -0.2 pt |
| Average length of haul | 890 milesOur average length of haul decreased 1.7% to 890 miles compared to 905 miles in the first quarter of 2025.Source: earnings call transcript | 888 milesLength of haul decreased 0.6% to 888 miles compared to 893 miles in the second quarter of 2025.Source: earnings call transcript | -0.2% |
| Purchased transportation miles share | 13.4%Truck and rail PT miles combined were 13.4% of our total linehaul miles in the quarter compared to 12.4% in the prior year.Source: earnings call transcript | 15.4%Truck and rail PT miles represented 15.4% of total linehaul miles in the quarter, up from 12% in the prior year.Source: earnings call transcript | +2 pt |
| Facilities | 214And now that we've got 214 facilities in the national network, we feel like our value prop to our customer is better than it's ever been.Source: earnings call transcript | 218But importantly, at 218 terminals now, we're able to solve more problems for customers.Source: earnings call transcript | +1.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.