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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) is expanding its Western U.S. footprint with three new terminals in Bismarck and Fargo, North Dakota, and Sidney, Montana. This expansion marks Saia's first entry into North Dakota and its fourth facility in Montana. The new terminals aim to enhance service capabilities, support the company's "Customer First" approach, and improve direct shipping in the Western U.S.
Executive Vice President of Operations Patrick Sugar emphasized that these openings demonstrate Saia's commitment to exceptional service and creating long-term value. The company is actively hiring for various positions across its expanding network and plans to add more terminals as part of its national expansion strategy.
Saia, Inc. (Nasdaq: SAIA), a leading transportation provider, has released its LTL operating data for the first two months of Q3 2024. In July 2024, LTL shipments per workday increased by 10.6%, tonnage per workday rose by 5.0%, while weight per shipment decreased by 5.0% to 1,331 pounds. August 2024 saw improvements across all metrics, with shipments up 7.0%, tonnage up 8.2%, and weight per shipment increasing by 1.2% to 1,354 pounds.
Quarter-to-date, Saia has experienced an 8.5% increase in shipments, 6.6% growth in tonnage, and a 1.8% decrease in weight per shipment compared to the same period in 2023. These results align with the company's expectations as it continues to invest in its network expansion.
Saia Inc. (NASDAQ: SAIA), a leading LTL carrier, has announced the opening of six new terminals in August 2024 as part of its Western expansion strategy. The new facilities are located in Wyoming, Montana, and South Dakota, including Saia's first terminal in Wyoming. This expansion aims to enhance service capabilities and support growing customer demand in the region.
The openings include: Cheyenne, WY (Aug. 12); Casper, WY and Billings, MT (Aug. 19); and Rapid City, SD, Watertown, SD, and Butte, MT (Aug. 26). These new terminals will improve Saia's network efficiency and reliability. The company plans to open up to 18 to 21 locations in 2024, expanding its national network and creating new job opportunities across various positions.
Saia, Inc. (Nasdaq: SAIA) reported strong second quarter 2024 financial results. Highlights include:
- Revenue increased 18.5% to $823.2 million
- Operating income rose 14.4% to $137.6 million
- Diluted EPS grew to $3.83 from $3.42 in Q2 2023
- LTL shipments per workday increased 18.1%
- LTL tonnage per workday increased 9.7%
Saia opened six new terminals and relocated two others during the quarter. The company plans to open an additional 10-13 terminals in 2024. Despite market disruptions and a softer macroeconomic environment, Saia continues to execute its long-term growth strategy, focusing on customer service and quality to create value for shareholders.
Saia Inc. (NASDAQ: SAIA) has announced the opening of two new terminals for Saia LTL Freight in Stockton, California, and Davenport, Iowa. These facilities are part of Saia's strategic expansion plan to enhance service capabilities and support growing customer demand in key regions. The Stockton terminal will boost operations in Northern California, while the Davenport location strengthens the company's Midwest presence.
In 2024, Saia has already expanded with new facilities in Montana, New Jersey, Texas, and Utah. The company aims to open 18 to 21 terminals this year, further extending its national network. Saia is actively hiring for various positions, including drivers, dockworkers, and office staff, to support its growth.
Saia, a national transportation provider, will announce its second quarter 2024 financial results on July 26, 2024, before the market opens. The company will host a conference call at 10:00 a.m. Eastern Time to discuss these results. Interested participants can join the call by dialing 1-800-715-9871 or 1-646-307-1963 and referencing conference ID #4962445. A replay will be available until August 25, 2024. Saia offers a variety of logistics services including less-than-truckload, non-asset truckload, and expedited services, operating 200 terminals across 46 states. More information can be found on their Investor Relations website.
Saia Inc. (NASDAQ: SAIA) has unveiled new terminals in California, near Anaheim, and Owatonna, Minnesota, aimed at enhancing service capabilities and supporting regional demand. The Anaheim terminal will bolster service in Southern California, replacing the Long Beach facility. The Owatonna terminal marks Saia's entry into the Upper Midwest and supports Western expansion plans. These new facilities are part of Saia's broader strategy to grow its national network, with plans to open up to 16 terminals by year-end. The company continues hiring to support these expansions, offering roles in driving, dockworking, and management.
Saia (NASDAQ: SAIA) announced the opening of a new terminal in Laredo, Texas on June 10, 2024. This facility aims to enhance Saia's capabilities, including onsite warehousing and cross-border services with Mexico.
The terminal will serve as one of two gateway points to Mexico and will improve service across the Central and Southern U.S. This expansion is part of Saia's broader strategy to open up to 16 new terminals in 2024, bolstering its national network. The company is actively hiring for various positions to support this growth.
Saia, a leading national transportation provider, reported its second-quarter LTL (less-than-truckload) operating data for April and May 2024. LTL shipments per workday rose by 18.0% in April and 18.6% in May. LTL tonnage per workday increased 7.6% in April and 9.8% in May. However, LTL weight per shipment declined by 8.8% in April and 7.4% in May. These changes indicate a significant rise in shipment volume but a decrease in average shipment weight. Saia cautioned that actual second-quarter and annual data could differ due to various risk factors, referencing their Annual Report on Form 10-K for fiscal year 2023.
Saia operates 199 terminals across 46 states, offering a range of LTL, non-asset truckload, expedited, and logistics services.
Saia (NASDAQ: SAIA) has announced the opening of a new terminal in Reading, Pennsylvania, bringing its total facilities in the state to seven. This new location aims to enhance direct shipping points across the Northeast and beyond. Vice President of Operations, East Jared Mull highlighted the importance of the new market and its potential to boost the local economy by providing jobs and more flexible services. So far in 2024, Saia has also opened facilities in Montana, New Jersey, Texas, and Utah. The company is actively hiring across its network, including drivers, dockworkers, and management personnel. Saia operates 199 terminals nationwide and employs 14,000 people.
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