Why Saia Stock Drove Off the Road Today

Trucking company Saia (SAIA -19.25%) fell short of expectations in the second quarter, weighed down by expansion costs. Investors were caught off guard, sending shares of Saia down 18% as of 11:30 a.m. ET. A quarterly miss It has been a tough period for trucking companies, as fears about the economy have depressed inventories and softened demand for transport services. But Saia's results mostly point to an improving environment: Revenue was up 18.5% year over year, shipments per workday increased by 18.1%, ...