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Saia, Inc. (NASDAQ: SAIA) is a prominent American trucking and logistics company headquartered in Johns Creek, Georgia. The company is renowned for its extensive range of less-than-truckload (LTL), non-asset truckload, expedited, and logistics services. Saia LTL Freight operates 169 terminals across 44 states and employs over 11,000 people nationwide. The company ranks among the top 10 largest LTL carriers in the United States, managing more than 200 facilities and a fleet comprising over 6,200 tractors and 20,800 trailers.
Core Services and Operations:
- Less-Than-Truckload (LTL): Specializing in shipments ranging from 100 to 10,000 pounds, Saia offers time-definite and expedited options to meet diverse customer needs.
- Non-Asset Truckload: Providing flexible and scalable solutions for larger freight needs without owning the asset, which enhances operational efficiency and cost-effectiveness.
- Expedited Services: Ensuring timely deliveries with expedited shipping options for critical freight.
- Logistics Services: Comprehensive logistics solutions that streamline supply chain processes and improve operational performance.
Saia's commitment to safety has earned it recognition from the American Trucking Associations Safety Management Council for its outstanding safety record. This accolade underscores the company’s dedication to maintaining high safety standards, which is integral to its operations and service delivery.
Recent Achievements and Current Projects:
- Expansion in Pennsylvania with a new facility, increasing the total number of state facilities to seven, enhancing service coverage and operational capacity.
Financial Performance: Saia consistently ranks among the top-tier LTL carriers in terms of profitability. The company’s strong financial position is evidenced by its quarterly performance, with detailed comparisons available in its financial releases.
For more information on Saia, Inc., visit saia.com.
Saia Inc (Nasdaq: SAIA) reported its Q4 2024 financial results, showing mixed performance. Q4 revenue increased 5.0% to $789.0 million, while operating income decreased 9.9% to $101.5 million. Q4 diluted EPS declined to $2.84 from $3.33 in Q4 2023.
For full-year 2024, revenue grew 11.4% to $3.2 billion, with operating income increasing 4.7% to $482.2 million. Full-year EPS improved to $13.51 from $13.26 in 2023. The company expanded significantly, opening 21 new terminals and relocating 9 others, reaching 214 terminals total. LTL shipments and tonnage per workday increased by 11.5% and 8.0% respectively for the full year.
Capital expenditures reached over $1 billion in 2024, including $235.7 million for Yellow auction properties. The company ended 2024 with $19.5 million cash and $200.3 million total debt, projecting over $700 million in net capital expenditures for 2025.
Saia Inc. (NASDAQ: SAIA) has announced a multi-year sponsorship partnership with Joe Gibbs Racing for Ty Gibbs and the No. 54 Toyota Camry XSE in the NASCAR Cup Series. Saia will serve as the primary sponsor for seven races during the 2025 NASCAR Cup Series season, starting February 23rd at Atlanta Motor Speedway.
Saia LTL Freight, operating 214 terminals across the United States with over 15,000 employees, provides less-than-truckload services including service to Canada and Mexico. The partnership aligns two successful organizations, with Joe Gibbs Racing having achieved 425 combined wins across Cup and Xfinity Series since 1992.
The sponsorship races will include events at Talladega, Texas, North Wilkesboro, Sonoma, Indianapolis, and Las Vegas Motor Speedway. Ty Gibbs, the 2023 NASCAR Cup Series Rookie of the Year and 2022 NASCAR Xfinity Series champion, will represent Saia on the track.
Saia Inc (Nasdaq: SAIA) has announced it will release its fourth quarter 2024 financial results before market opening on February 3, 2025. The company will host a conference call with management at 10:00 a.m. Eastern Time on the same day to discuss the results.
Investors can participate by dialing 1-877-317-6789 and requesting to join the Saia call. The conference will also be available via webcast on the company's investor relations website. A replay will be accessible through March 3, 2025, by dialing 1-877-344-7529 with conference ID #9091018.
Saia is a transportation provider offering less-than-truckload, non-asset truckload, expedited and logistics services, operating 214 terminals across 48 states.
Saia Inc. (NASDAQ: SAIA) has announced a partnership with Tesla to introduce two Tesla Semi trucks to its fleet. During testing, the electric semi demonstrated efficiency of 1.73 kWh per mile and impressed with its performance in both local and long-haul applications. The initiative marks a significant milestone as Saia celebrates its 100th anniversary and reinforces its commitment to sustainability and innovation in logistics.
The Tesla Semi trucks were evaluated for range, payload capacity, grade performance, and driver comfort, receiving positive feedback on acceleration, design, and uphill performance with heavy loads. This partnership represents Saia's efforts to reduce its carbon footprint and maintain its position as an industry leader in sustainable transportation.
Saia Inc. (NASDAQ: SAIA) has announced a significant expansion of its credit facility, doubling its borrowing capacity from $300 million to $600 million. The amended facility, closed on December 9, 2024, extends the maturity to December 2029 and increases the accordion feature from $150 million to $300 million. The agreement was established with JPMorgan Chase Bank as Administrative Agent, along with Bank of America, BOKF, NA, and PNC Bank National Association.
The enhanced credit facility aims to support the company's strategic initiatives and provide flexibility for opportunistic investments. According to CFO Matthew Batteh, this amendment strengthens Saia's financial position and demonstrates their commitment to shareholder value.
Saia has reported its LTL operating data for October and November 2024. In October, LTL shipments per workday rose 4.4%, tonnage per workday increased 6.9%, and weight per shipment grew 2.4% to 1,352 pounds. November showed continued growth with LTL shipments per workday up 2.3%, tonnage per workday increasing 5.7%, and weight per shipment rising 3.3% to 1,357 pounds. Quarter-to-date metrics show overall positive trends with shipments up 3.5%, tonnage up 6.4%, and weight per shipment increasing 2.8% compared to the same period in 2023.
Saia LTL Freight has been named a 2024 'Top Company for Women to Work For in Transportation' by Redefining the Road magazine, marking its fourth recognition on this prestigious list. The recognition highlights Saia's commitment to gender diversity, competitive compensation, flexible work conditions, and career advancement opportunities. Additionally, two Saia executives, Heather Shirazi and Sarmona Miller, were named 2024 'Top Women to Watch in Transportation.' The company, which operates over 214 terminals and employs more than 15,000 people, demonstrated its commitment to diversity at the WIT Accelerate! Conference as a platinum sponsor, showcasing its 100-year history through an interactive mobile museum.
Saia Inc. (NASDAQ: SAIA) has opened a new terminal in Warren, Michigan, expanding its Michigan presence from five to six facilities. The new terminal aims to enhance service efficiency and reduce transit times for customers in the Warren market. This expansion is part of Saia's strategic growth plan and 'Customer First' approach, strengthening its Midwest operations. The company is currently hiring for various positions across its network, including drivers, dockworkers, mechanics, and office professionals. Saia LTL Freight now operates over 214 terminals nationwide and employs more than 15,000 people.
Saia LTL Freight celebrates its 100th anniversary in 2024, marking a century of growth from a single truck operation in Houma, Louisiana, to a leading North American transportation company. The company currently operates 213 terminals, employs over 15,000 people, and maintains a fleet of over 6,500 tractors and 22,000 trailers.
To commemorate this milestone, Saia announced a planned $1 billion investment in operations and launched two mobile museums featuring interactive exhibits and driving simulators. The company celebrated with events at its Johns Creek, Georgia headquarters and Houma office, emphasizing its commitment to employees, innovation, and customer service.
Saia reported Q3 2024 financial results with diluted EPS of $3.46, down from $3.67 in Q3 2023. Revenue increased 8.6% to $842.1 million, while operating income decreased 2.5% to $125.2 million. The operating ratio rose to 85.1% from 83.4%. LTL metrics showed growth with shipments per workday up 8.5% and tonnage per workday up 7.7%. The company expanded its footprint with 11 new terminals and one relocation during Q3, primarily in the Great Plains states, achieving direct service coverage across all 48 contiguous states. Net capital expenditures reached $873.2 million in the first nine months of 2024, including $235.7 million for Yellow auction properties.
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