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) will release its quarterly financial results on February 2, 2022, prior to market opening. Following this, management will host a conference call at 11:00 a.m. Eastern Time to discuss the results. Interested participants can join by dialing 888-394-8218 or 313-209-6544 with the conference ID #8752077, and the call will also be available via live webcast on the company's website. A replay will be accessible two hours post-call until March 2, 2022.
Saia Inc. (NASDAQ: SAIA) has partnered with Daimler Trucks North America to test the battery electric Freightliner eM2 box truck in Portland, Oregon. This initiative aims to evaluate the truck's performance within a commercial fleet setting, contributing to Saia's sustainability goals. Saia's Vice President highlighted positive feedback from drivers enjoying the electric truck experience. The test is part of a broader project involving over 50 customers and one million miles of operational data, while Electric Island offers a unique charging solution for electric commercial vehicles.
Saia Inc. (NASDAQ: SAIA) has opened a new terminal in Calhoun, Georgia, enhancing its capacity and improving service proximity to customers near Atlanta, a significant freight hub. This facility is strategically located near Interstate 75, facilitating access to markets. The company's expansion includes enhancing workforce recruitment to support terminal openings, with current hiring needs for drivers and dockworkers. Saia operates 176 terminals nationwide and emphasizes investment in infrastructure and talent as key to its growth.
Saia, Inc. (NASDAQ: SAIA) reported mixed performance in LTL shipment data for October and November 2021. In October, LTL shipments per workday rose by 1.3%, while tonnage increased 9.7% and weight per shipment jumped 8.3%. November saw further gains with shipments up 3.7%, tonnage up 9.3%, and weight per shipment rising 5.4%. The company cautions that actual fourth-quarter results may fluctuate due to various risks outlined in their SEC filings.
Saia Inc. (NASDAQ: SAIA) has announced the opening of its new terminal in Virginia, bringing the total number of terminals in the state to five. The facility aims to enhance service by providing more direct shipping options for customers in the region. This year, Saia has also launched terminals in Connecticut, Delaware, Maryland, and Ohio, expanding its presence across the Northeast and Mid-Atlantic regions. Looking ahead, the company plans to open 10 to 15 new terminals in 2022 and is actively hiring for various positions at the Staunton terminal.
Saia, Inc. (Nasdaq: SAIA) reported record financial results for Q3 2021, with diluted earnings per share at $2.98, up from $1.56 in Q3 2020. Revenue soared 28% to $616.2 million, while operating income increased by 84.5% to $106.1 million. The adjusted operating ratio improved to 83.5, a significant gain from 88.5 in the previous year. Key operational metrics included a 2.3% rise in LTL shipments and 24.8% increase in revenue per shipment. The company also opened new terminals and is planning further expansions, reflecting strong demand and effective pricing strategies.
Saia, Inc. (NASDAQ: SAIA) has opened a new terminal in New Haven, Connecticut, marking its fourth facility launched in 2021. This terminal enhances Saia's operations in the Northeast, complementing earlier openings in the region. The company aims to improve transit times and service quality, responding to growing demand for less-than-truckload shipping. Saia has also recently opened a terminal in Fredericksburg, Virginia, and plans to establish two to three more terminals by year-end. The New Haven facility has created several new jobs, including drivers and management positions.
Saia, Inc. (NASDAQ: SAIA), a prominent transportation provider, will release its quarterly financial results on October 28. The results will be shared before the market opens, followed by a conference call at 10:00 a.m. Eastern Time, where management will discuss the findings. Participants can join by calling 800-353-6461 or 334-323-0501, using conference ID #5531699. The call will also be available via webcast on the company’s website, with a replay accessible from two hours post-call until November 25.
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.
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