• Saia average gross margin for 2023 was 70.76%, a 1.22% increase from 2022.
• Saia average gross margin for 2022 was 69.91%, a 5.31% increase from 2021.
• Saia average gross margin for 2021 was 73.83%, a 1.78% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.