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Saia, Inc. - SAIA STOCK NEWS

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.

Rhea-AI Summary

Saia has announced the promotion of Matthew Batteh to Executive Vice President, Chief Financial Officer, and Secretary, effective immediately.

Batteh, who has been with Saia since 2015, will oversee finance, pricing, accounting, and treasury functions.

He previously served as Vice President of Finance and has extensive experience in the less-than-truckload (LTL) industry.

Former CFO Douglas Col will remain to assist during the transition period.

Saia operates 198 terminals across 46 states and employs 14,000 people.

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Saia, Inc. announces the upcoming retirement of CFO Douglas Col after 10 years at the company, including the last four years as Chief Financial Officer. The company praises Col's contributions and leadership during a period of growth and success. Col will remain as CFO until a successor is announced and will stay on as an advisor through year-end for a smooth transition.
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Saia, Inc. (SAIA) reported strong first quarter 2024 financial results, with revenue reaching $754.8 million, an increase of 14.3% from the same period last year. Operating income also rose by 18.9% to $117.9 million, with diluted earnings per share at $3.38 compared to $2.85 in Q1 2023. Despite winter weather impacting operations early in the quarter, the company saw growth in LTL shipments, tonnage, and revenue. Saia President and CEO, Fritz Holzgrefe, highlighted the focus on customer service, with plans for significant investments in fleet growth and modernization, totaling over $400 million. The company ended the quarter with $12.3 million in cash and total debt of $84.1 million, with net capital expenditures of $456.8 million in Q1 2024. Saia anticipates net capital expenditures of approximately $1 billion for the year.
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Saia Inc. (NASDAQ: SAIA) announced the opening of two new terminals in New Jersey and Utah to enhance service for customers in booming regional economies. The company has invested over $1.5 billion in the past five years and plans to spend $1 billion this year on expanding its network and improving service.
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Saia, Inc. (SAIA) will announce its quarterly financial results on April 26th. The company offers LTL, truckload, expedited, and logistics services. A conference call will be held at 10:00 a.m. Eastern Time to discuss the results.
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Saia Inc. (SAIA) announces the opening of two new terminals in Texas and Montana to meet growing customer demand, marking the company's continued network expansion. The move reflects Saia's commitment to enhancing service offerings and improving supply chain capabilities.
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Saia Inc. (NASDAQ: SAIA) announces an exclusive partnership with Fletes Mexico's Carga Express to enhance cross-border freight services. Saia's 100-year legacy and plans for expansion, combined with Carga Express's three decades of experience, promise improved customer value.
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Saia Inc. team members Heather McAfee and Sarmona Miller named 'Top Women to Watch in Transportation' by Redefining the Road magazine for their significant career accomplishments and efforts to support gender diversity in the industry.
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Saia, Inc. reports significant increases in LTL shipments and tonnage for the first two months of the first quarter of 2024. January saw an 11.8% rise in LTL shipments per workday, while February experienced a 19.0% increase. Despite a decline in LTL weight per shipment, the overall trend is positive for Saia.
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Saia, Inc. reported a 14.5% increase in revenue for the fourth quarter of 2023 compared to the same period in 2022, with a 21.5% increase in operating income. Full year 2023 revenue increased by 3.2%, with a 2.1% decrease in operating income. Saia President and CEO, Fritz Holzgrefe, highlighted the company's market share gains and plans for expansion in 2024.
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FAQ

What is the current stock price of Saia (SAIA)?

The current stock price of Saia (SAIA) is $473.4 as of December 20, 2024.

What is the market cap of Saia (SAIA)?

The market cap of Saia (SAIA) is approximately 12.6B.

What does Saia, Inc. specialize in?

Saia, Inc. specializes in less-than-truckload (LTL), non-asset truckload, expedited, and logistics services.

Where is Saia, Inc. headquartered?

Saia, Inc. is headquartered in Johns Creek, Georgia.

How many people does Saia, Inc. employ?

Saia, Inc. employs over 11,000 people nationwide.

How many facilities does Saia operate in the United States?

Saia operates more than 200 facilities across the United States.

What types of shipments does Saia LTL Freight handle?

Saia LTL Freight handles shipments ranging from 100 to 10,000 pounds.

What is the size of Saia’s fleet?

Saia’s fleet includes over 6,200 tractors and 20,800 trailers.

Has Saia received any safety recognition?

Yes, Saia has been recognized by the American Trucking Associations Safety Management Council for its outstanding safety record.

What recent expansion project did Saia undertake?

Saia recently opened a new facility in Pennsylvania, bringing the number of facilities in the state to seven.

How can I get more information about Saia, Inc.?

For more information, visit Saia’s official website at saia.com.

Where can I find Saia’s financial releases?

Saia’s financial releases are available on their official website under the 'Investor Relations' section.

Saia, Inc.

Nasdaq:SAIA

SAIA Rankings

SAIA Stock Data

12.59B
26.55M
0.18%
113.54%
8.21%
Trucking
Trucking (no Local)
Link
United States of America
JOHNS CREEK