Welcome to our dedicated page for Saia news (Ticker: SAIA), a resource for investors and traders seeking the latest updates and insights on Saia stock.
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. (SAIA) reported robust first quarter 2021 results with a revenue increase of 8.4% year-over-year, reaching $484.1 million. Diluted earnings per share rose to $1.40 from $1.06 in Q1 2020. Operating income surged 25.6% to $48.7 million, and the operating ratio improved to 89.9. Despite challenges from severe winter weather, LTL shipments and tonnage increased by 2.6% and 5.3%, respectively. Cash on hand exceeded $53 million, while total debt decreased significantly from $235.8 million to $66 million.
Saia Inc. (NASDAQ: SAIA) has added two Volvo VNR Electric trucks to its fleet, marking its first foray into electric logistics. Based out of Los Angeles, the trucks will operate on local routes as part of a pilot project under the Volvo LIGHTS initiative, aiming to showcase the effectiveness of battery-electric vehicles in urban logistics. This move aligns with Saia's commitment to sustainability and environmental responsibility, further supported by a partnership with the EPA's SmartWay Program. The transition to electric is viewed as a strategic investment in the company’s future operations.
Saia, Inc. (NASDAQ: SAIA) is set to release its quarterly financial results on April 28, 2021, before the market opens. The management will discuss these results on a conference call at 10:00 a.m. Eastern Time the same day. Interested participants can join the call by dialing 800-353-6461 or 334-323-0501, using conference ID #2579097. A live webcast will also be available on the company's website, with a replay accessible until May 26. Saia operates 170 terminals across 44 states, offering a variety of logistics services.
Saia Inc. (NASDAQ: SAIA) has launched its 20th terminal in the Northeast, located near Wilmington, Delaware, enhancing its service capabilities in the region. This facility is part of a multi-year expansion plan that began in 2017. The company plans to open an additional four to six terminals throughout 2021, with investments totaling approximately $275 million in equipment and infrastructure. The new terminal has created jobs, contributing to Saia's growth despite challenges in 2020.
Saia, Inc. (NASDAQ: SAIA) reported its January and February 2021 LTL shipment data. In January, LTL shipments per workday rose by 1.4%, and tonnage per workday increased by 5.4%, reaching an average weight of 1,355 pounds. However, February saw a decline with shipments per workday decreasing by 6.7% and tonnage dropping by 2.3%. The adverse February results were attributed to severe winter weather impacting operations, particularly in Texas, where up to 70 terminals experienced closures or limited operations.
Saia Inc. (NASDAQ: SAIA) has announced the retirement of Paul Peck, Executive Vice President of Operations, effective July 1. Peck, who has had a 44-year career with Saia, will assist in the transition to his successor, Patrick Sugar, currently Vice President of Linehaul and Industrial Engineering, effective March 31. Peck has played a key role in Saia's growth into a $1.8 billion national carrier since joining in 1977. Sugar, with experience in engineering and operations, is expected to enhance the company's operational success.
Saia, Inc. (Nasdaq: SAIA) reported Q4 2020 earnings with diluted EPS at $1.51, up from $0.81 in Q4 2019. Revenue rose 7.5% to $476.5 million. The company's operating income increased by 84.6% to $50.6 million, resulting in a favorable operating ratio of 89.4, compared to 93.8 a year earlier. Full-year 2020 revenue was $1.8 billion, a 2.0% rise. Saia anticipates continued profitability efforts and plans to open a new terminal in Q1 2021 while addressing inflationary cost pressures.
Saia, Inc. (NASDAQ: SAIA) will release its quarterly financial results on February 8, 2021, before market open. Management will hold a conference call at 10:00 a.m. ET to discuss the results. Interested participants can join the call by dialing 800-437-2398 or 323-289-6576, using conference ID #1022163. A live webcast will also be available on the Saia website, with a replay offered until March 8, 2021. Saia operates 169 terminals across 44 states, providing a variety of transportation services.
Saia Inc. (NASDAQ: SAIA) has been awarded the title of 'National LTL Carrier of the Year' by Johnson Controls. This honor recognizes Saia's exceptional performance across key indicators such as claims ratio and sustainability, particularly during challenging market conditions. Saia's commitment to quality service was highlighted by Johnson Controls, which emphasized the importance of reliable freight providers for their success. With over 10,500 employees and 169 terminals nationwide, Saia continues to demonstrate its dedication to superior customer service.
Saia, Inc. (NASDAQ: SAIA) reported significant growth in its LTL (less-than-truckload) operations for October and November 2020. In October, LTL shipments per workday rose by 3.3%, and tonnage per workday increased by 5.7%. The average weight per shipment also climbed 2.4% to 1,316 pounds. November saw further gains, with shipments up 4.4% and tonnage up 7.3%, while average weight per shipment rose 2.8% to 1,341 pounds. Despite these positive metrics, actual results may deviate due to various risk factors outlined in SEC filings.
FAQ
What is the current stock price of Saia (SAIA)?
What is the market cap of Saia (SAIA)?
What does Saia, Inc. specialize in?
Where is Saia, Inc. headquartered?
How many people does Saia, Inc. employ?
How many facilities does Saia operate in the United States?
What types of shipments does Saia LTL Freight handle?
What is the size of Saia’s fleet?
Has Saia received any safety recognition?
What recent expansion project did Saia undertake?
How can I get more information about Saia, Inc.?
Where can I find Saia’s financial releases?
