Saia, Inc. (NASDAQ:SAIA) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET
Company Participants
Matthew Batteh - Executive Vice President and Chief Financial Officer
Frederick Holzgrefe - President and Chief Executive Officer
Conference Call Participants
Ken Hoexter - Bank of America
Jordan Alliger - Goldman Sachs
Daniel Imbro - Stephens
Tom Wadewitz - UBS
Fadi Chamoun - BMO Capital Markets
Brian Ossenbeck - JPMorgan
Eric Morgan - Barclays
Jonathan Chappell - Evercore ISI
Christian Wetherbee - Wells Fargo
Jason Seidl - TD Cowen
Ben Moore - Citi
Ravi Shanker - Morgan Stanley
Stephanie Moore - Jefferies
Bascome Majors - Susquehanna
Chris Kuhn - The Benchmark Company
Tyler Brown - Raymond James
Operator
Ladies and gentlemen, thank you for standing by. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to the Saia Incorporated Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
And I would now like to turn the conference over to Matthew Batteh, Saia's Executive Vice President and Chief Financial Officer. You may begin.
Matthew Batteh
Thank you, Abby. Good morning, everyone. Welcome to Saia's Third Quarter 2024 Conference Call. With me for today's call is Saia's President and Chief Executive Officer, Fritz Holzgrefe.
Before we begin, you should know that during this call, we may make some forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all other statements that might be made on this call that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. We refer you to our press release and our SEC filings for more information on the exact risk factors that could cause actual results to differ.
I will now turn the call over to Fritz for some opening comments.
Frederick Holzgrefe
Good morning, and thank you for joining us to discuss Saia's third quarter results. While the underlying macro trends remain tepid in our view, our year-over-year results in the third quarter continue to reflect the growth experienced since last summer.
In the quarter, we averaged approximately 37,200 shipments per day compared to approximately 34,300 per day last year or an increase of 8.5%. Our third quarter revenue of $842 million increased from last year's third quarter by 8.6% and is a record for any third quarter in our company's history.