Morning Minute | April 28, 2025
LTL carrier Saia faced a difficult first quarter, reporting a net loss and earnings per share significantly below expectations, leading to a 30% drop in its stock price. Tariffs and other market forces impacted demand, exacerbating costs from carrying excess capacity. U.S. Customs and Border Protection (CBP) completed audits in March that identified $310 million in duties and fees owed due to undervalued or improperly declared goods. This represents a 10,590% increase in assessed fees compared to February, which experts attribute to increased scrutiny under the administration's new trade…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.