Saia Inc. Q2 2008 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 3

2008-07-25 11:18:10.0

Tags: Saia Inc.

Question-and-Answer Session

Operator

(Operator Instruction) your first question comes from David Ross for Stifel Nicolaus.

David Ross

Can you hear me?

Rick O’Dell

Yeah we can, good morning David.

David Ross

Good morning guys. First I just wanted to ask a little bit about the tonnage trends in the second quarter if you could take it through kind of what April, May, June look like and also in the July you tended that kind of trends held up, but if you could just put the number around that would be great?

Jim Darby

Sure. I will be glad to cover to that, in April as reported year-over-year tonnage trends for LTL we were down 2.3% from a year ago in April, we were down 2.2% in May, we were down 1.1% in June, and for the quarter we down 1.9%. I would point out though if you would look to adjust for the Good Friday affect in April that number really get blown up to minus 4.6%, and for the quarter it would be minus 2.7, and David that of course related to the fact that Good Friday was not in April this year where it was a year ago.

David Ross

Yes of course, and then it also was the connection company acquisition last year you launch the major customer and I want to say that was in the second quarter, was that in first quarter?

Jim Darby

No, it was – you’re right, it’s in the second quarter and it was towards the end in the second quarter primarily around June.

David Ross

Okay.

Jim Darby

And then month-to-date, I think you asked about month-to-date off. So month-to-date for July we’re showing that we’re up 1.7% in LTL tonnage.

David Ross

Okay. So that’s probably, totally the effective lapping, the customer loss I would assume?

Jim Darby

Is that a little bit from industry consolidation and I would say also as Rick mentioned the synergy revenue continues to be positive for us as we go forward.

David Ross

So did you see this in amount of Jevic business coming you way in the quarter, so do you probably knew that company better than anyone else?

Rick O’Dell

I think we had favorable impact from that, from some of those business segment we had some overlapping customers.

David Ross

Okay. And then you guys talk I guess a little bit about on the Georgia Tech initiative with the dynamic planing model for line haul, you said you moved in the second phase, what does that mean and when should we start to see some intangible benefits from that?

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement