March 21, 2017 11:00 AM, EDT

Old Dominion, Saia Report Increased Shipments for Start of Year

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Two publicly traded less-than-truckload carriers reported higher year-over-year results for the first two months of 2017 in terms of shipments and revenue.

Old Dominion Freight Line Inc. reported that LTL tons per day increased 1.3% last month versus February 2015 after a 2.2% year-over-year increase in January. Weight per shipment increased 1%, and shipments per day rose 0.3%.

RELATED: Saia, Old Dominion miss analyst forecasts for fourth quarter

Revenue per 100 pounds of freight increased 4% year-over-year, the company said. Industry analysts forecast that the Thomasville, North Carolina, carrier will earn $65.3 million in net income for the quarter, or 79 cents per share, up 8.2% year-over-year, according to a Bloomberg News consensus survey.

Saia Inc. reported tonnage per day increased 0.9% last month and 1.5% in January. Shipments per day rose 2.9% last month and 1.9% in January.

RELATED: Saia's Northeast expansion on target for May launch

The company didn’t disclose revenue per 100 pounds of freight in its filing to the Securities and Exchange Commission. Industry analysts forecast the Johns Creek, Georgia, carrier will earn $10.4 million in net income, or 41 cents, down between 1% and 2% year-over-year.

Old Dominion ranks No. 11 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers. Saia is No. 25.