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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Saia's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Saia's position in the market.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.03%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.03%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.53%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.22%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.92%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.35%
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Rhea-AI Summary
Saia, Inc. (Nasdaq: SAIA) will release its quarterly financial results on February 2nd, followed by a conference call at 10:00 a.m. Eastern Time. The company offers national less-than-truckload (LTL), non-asset truckload, expedited, and logistics services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
Saia, Inc.
Nasdaq:SAIA
SAIA Rankings
SAIA Stock Data
10.96B
26.42M
0.54%
108.12%
4.89%
General Freight Trucking, Local
Transportation and Warehousing
United States of America
JOHNS CREEK
About SAIA
saia, inc. (nasdaq: saia) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. with headquarters in johns creek, georgia, saia ltl freight operates 169 terminals across 44 states and employs over 11,000 people nationwide. saia ltl freight has been recognized by the american trucking associations safety management council for its outstanding safety record. for more information on saia, inc., visit saia.com.