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. (NASDAQ: SAIA) has expanded its operations by opening two new terminals in Georgia, located in Macon and Valdosta. This strategic move aims to enhance service efficiency along the Interstate 75 corridor, improving transit times and flexibility for same-day shipping. Vice President of Operations, Jared Mull, highlighted ongoing efforts to add capacity since last year, which also includes a recently opened terminal in Calhoun. Saia is actively hiring for both new locations and continues to grow in other markets, including West Virginia and Illinois.
Saia Inc. (NASDAQ: SAIA) announced the opening of its 179th terminal in Rockford, Illinois, enhancing its freight network in northern Illinois. This marks the second facility launched west of Chicago this year, following a new location in La Salle. Vice President of Operations, East, Jared Mull highlighted customer satisfaction as a key factor in the success of new openings. Saia plans to open two more terminals soon and continues to prioritize talent recruitment to support its expansion strategy, which is rooted in its ‘Customer First’ core value.
Saia, Inc. (NASDAQ: SAIA) reports positive growth in LTL shipment metrics for April and May 2022. In April, LTL shipments per workday rose by 0.3%, while tonnage and weight per shipment increased by 2.3% and 2.0%, respectively. May showed even stronger performance, with shipments per workday up 4.1%, tonnage increasing by 5.3%, and weight per shipment rising to 1,421 pounds. These figures suggest a robust demand for Saia's services, though future results may vary due to economic factors and operational risks outlined in their SEC filings.
Saia, Inc. (Nasdaq: SAIA) reported a robust first quarter of 2022 with diluted earnings per share at $2.98, significantly up from $1.40 a year prior. Revenue surged by 36.6% to $661.2 million, while operating income jumped 112.4% to $103.4 million, leading to an operating ratio of 84.4. LTL shipments and tonnage also increased by 5.7% and 9.5%, respectively. The company plans to open up to 15 new terminals in 2022, enhancing service capabilities. Cash on hand reached $141.3 million, while total debt decreased to $44.9 million.
Saia Inc. (NASDAQ: SAIA) announced the opening of a new terminal in Parkersburg, West Virginia, marking its first facility in the state. This terminal enhances service offerings and efficiency, providing customers with more direct shipping points amidst growing demand. In 2021, Saia achieved record growth, opening seven terminals and hiring nearly 1,500 employees, with plans to open 10 to 15 new terminals by year-end 2022. The company is seeking to hire workers for the new location, supporting local economic growth.
Saia, Inc. (NASDAQ: SAIA), a leading transportation provider, will announce its quarterly financial results on May 2, 2022, before the market opens. A conference call to discuss the results will occur at 10:00 a.m. Eastern Time on the same day. Participants can access the call by dialing 888-220-8474 or 323-794-2588 with conference ID #7209387. The call will also be accessible via live webcast on the company's website. Saia operates 177 terminals across 45 states, providing a range of less-than-truckload and logistics services.
Saia, Inc. (NASDAQ: SAIA) reported positive growth in LTL shipment metrics for January and February 2022. In January, LTL shipments per workday rose by 1.3%, and LTL tonnage increased by 7.6%. February saw an even larger increase, with shipments up 15.8% and tonnage up 19.1%. The average weight per shipment also grew to 1,406 pounds in February from 1,367 pounds a year ago. The company cautioned that actual results could differ due to various risk factors listed in their filings.
Saia, Inc. (NASDAQ: SAIA) has appointed Anthony Norwood as Executive Vice President and Chief Human Resources Officer effective March 2, 2022. Norwood previously held a senior HR role at Trane Technologies and has extensive experience at Coca-Cola and Merck. His role will focus on developing Saia's human capital strategy, which is deemed crucial for the company's future growth. Saia, recognized for its safety record and environmental initiatives, operates 176 terminals and employs 12,000 people nationwide.
Saia, Inc. (Nasdaq: SAIA) reported robust financial results for Q4 2021 and the full year. Q4 revenue rose to $617.1 million, a 29.5% increase, with diluted earnings per share at $2.76, up from $1.51 in Q4 2020. For 2021, total revenue reached $2.3 billion, marking a 25.6% increase, while diluted EPS jumped to $9.48 from $5.20 in 2020. Operating income increased by 92.3% in Q4 and 85.9% for the year. The company opened 7 new terminals in 2021, with plans for 10-15 new terminals in 2022.
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