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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) has awarded $75,000 in scholarships to 20 students as part of its 2021 scholarship program, which has distributed a total of $427,000 to 253 students since its initiation. This initiative underscores Saia's commitment to supporting the education of its employees and their dependents. Scholarships are based on academic merit, community service, and innovation. The program reflects Saia's core values and enables employees to foster a brighter future through education.
Saia, Inc. (NASDAQ: SAIA) has opened a new terminal in Fredericksburg, Virginia, marking its fourth facility in the state and third terminal opened in 2021. This facility, located 50 miles from Washington, D.C., enhances Saia's service in the mid-Atlantic region. The company plans to add four more terminals by the end of Q4 2021. Saia is actively hiring for various positions at this new terminal, reinforcing its commitment to customer service and operational efficiency in response to growing demand.
Saia, Inc. (NASDAQ: SAIA) reported LTL shipment and tonnage data for July and August 2021. In July, LTL shipments per workday rose by 3.4%, while tonnage increased by 12.6%, with a weight per shipment of 1,381 pounds. August saw further increases, with shipments up 1.9% and tonnage up 9.9%, resulting in an average shipment weight of 1,399 pounds. The company cautioned that actual results could differ significantly due to various risks outlined in their SEC filings.
Saia, Inc. (Nasdaq: SAIA) announced the election of Kevin A. Henry and Dr. Donald R. James as directors effective September 1, 2021. Henry, previously Chief Human Resources Officer at Extended Stay America, brings 23 years of C-suite experience, while James, the former President of the Americas for Joyson Safety Systems, has 24 years in the automotive industry. Both are expected to significantly contribute to Saia's growth, with Henry focusing on human capital development and James on advancing alternative fuels and sustainability initiatives.
Saia, Inc. (Nasdaq: SAIA) reported strong second quarter 2021 results, with diluted earnings per share of $2.34, up from $1.07 in Q2 2020. Revenue increased by 36.6% to $571.3 million, operating income surged 132.4% to $82.9 million, and the operating ratio improved to 85.5. LTL shipments per workday rose 15.3%, with LTL revenue per shipment reaching $277, a 17.9% increase. With strong shipper demand, the company plans to open more terminals and continues to focus on profitability amid rising operational costs.
Saia, Inc. (NASDAQ: SAIA) announced it will release its quarterly financial results on July 29, 2021, before the market opens. A conference call will follow at 10:00 a.m. Eastern Time to discuss these results. Participants can join the call by dialing 877-886-2341 or 334-777-6979, using conference ID #9556386. The call will be webcast live, and a replay will be available after the event until August 26. Saia operates 171 terminals across 44 states, providing a range of transportation services including less-than-truckload and logistics.
Saia Inc. (NASDAQ: SAIA) has announced the deployment of five compressed natural gas (CNG) tractors at its Fontana, California terminal. This follows the earlier introduction of two Volvo VNR Electric trucks in April. The investment in CNG technology aims to enhance fleet efficiency and reduce carbon emissions by up to 20% compared to diesel engines. The company collaborates with industry partners, focusing on safety and environmentally friendly initiatives. Saia continues to strengthen its sustainability efforts and assess the performance of alternative fuel technologies.
Saia Inc. (NASDAQ: SAIA) has opened a second terminal in Hagerstown, Maryland, enhancing service coverage to the Baltimore and Washington, D.C. area. This expansion, part of Saia's growth strategy, responds to increasing demand for its logistics services. The new facility will create jobs, adding drivers, dockworkers, and management personnel. Saia has opened 25 terminals since 2017, with further expansions planned in the Northeast and mid-Atlantic regions. The company is recognized for its safety record and commitment to reducing environmental impact.
Saia, Inc. (NASDAQ: SAIA) reported strong growth in LTL shipments and tonnage for April and May 2021, with April shipments per workday up by 27.8% and tonnage by 30.5%. May also showed promising increases, with shipments rising 12.7% and tonnage 22.5%. The average weight per shipment increased to 1,404 pounds in May, indicating robust demand, especially compared to lower levels in 2020 due to COVID-19. However, actual results may differ significantly due to various risks outlined in the company’s SEC filings.
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