Saia, Inc. (SAIA) shares tumbled 32.03 percent to $240.78, down $113.44 during Friday's trading, after the company reported a significant year-over-year decline in first quarter earnings. Despite an increase in operating revenue to $787.6 million from $754.8 million, net income dropped sharply to $49.8 million from $90.7 million.
The stock opened at $265.67 and traded between $245.90 and $276.00 on the day on the Nasdaq. Volume surged to 2.01 million shares, well above the average of 569,050.
Saia is now trading at the bottom end of its 52-week range of $245.90 to $624.55.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.