Why Saia and Old Dominion Stocks Are in the Fast Lane Today

Is demand improving in the trucking business? Trucking specialist Saia (SAIA 6.88%) said shipments were up 18% in April compared to a year ago, sparking some hope that the worst is in the rearview mirror following a difficult few quarters for transport companies. The news is giving the entire sector a lift, with Saia stock zooming ahead by up to 14% on Tuesday, while shares of rival Old Dominion Freight Line (ODFL 2.27%) jumped as much as 7.5%. The two stocks were up 8% and 4%, respectively, as of noon ET. ...