Saia Inc Stock Price, News & Analysis

Saia Inc (Nasdaq: SAIA), a leading transportation provider, has scheduled its first quarter 2025 financial results announcement for April 25, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time to discuss the results.

Investors can participate by dialing 1-877-317-6789 and requesting to join the Saia call. The event will also be available via webcast on the company's investor relations website. A replay will be accessible until May 25, 2025, through 1-877-344-7529 using conference ID #4574131.

Saia operates 213 terminals nationwide, offering less-than-truckload, non-asset truckload, expedited and logistics services.

Saia Inc. (NASDAQ: SAIA) has announced a multi-year partnership with the Atlanta Braves, becoming their exclusive LTL freight partner. The partnership includes sponsorship of Braves Country Baseball and Softball (BCBS), a youth association emphasizing local league play and player development across the Southeast.

As a Johns Creek, Georgia-based company, Saia has evolved from a regional carrier to a nationwide transportation and logistics provider, now operating over 213 terminals and employing more than 15,000 people. The partnership aims to enhance brand visibility through MLB's national presence and support youth sports development.

The company will have its branding displayed during home games at Truist Park and will support BCBS's league and all-star tournament play, which provides opportunities for youth baseball and softball players to compete at district, regional, and state levels, with top teams advancing to Atlanta for the Braves Country Championship.

Saia (Nasdaq: SAIA) has released its LTL operating data for January and February 2025. In January 2025, the company reported:

• LTL shipments per workday increased 6.8%
• LTL tonnage per workday rose 13.8%
• LTL weight per shipment grew 6.5% to 1,421 pounds (vs 1,334 pounds in January 2024)

For February 2025, the metrics showed:

• LTL shipments per workday up 4.2%
• LTL tonnage per workday increased 12.2%
• LTL weight per shipment improved 7.6% to 1,411 pounds (vs 1,311 pounds in February 2024)

Saia Inc (Nasdaq: SAIA) reported its Q4 2024 financial results, showing mixed performance. Q4 revenue increased 5.0% to $789.0 million, while operating income decreased 9.9% to $101.5 million. Q4 diluted EPS declined to $2.84 from $3.33 in Q4 2023.

For full-year 2024, revenue grew 11.4% to $3.2 billion, with operating income increasing 4.7% to $482.2 million. Full-year EPS improved to $13.51 from $13.26 in 2023. The company expanded significantly, opening 21 new terminals and relocating 9 others, reaching 214 terminals total. LTL shipments and tonnage per workday increased by 11.5% and 8.0% respectively for the full year.

Capital expenditures reached over $1 billion in 2024, including $235.7 million for Yellow auction properties. The company ended 2024 with $19.5 million cash and $200.3 million total debt, projecting over $700 million in net capital expenditures for 2025.

Saia Inc. (NASDAQ: SAIA) has announced a multi-year sponsorship partnership with Joe Gibbs Racing for Ty Gibbs and the No. 54 Toyota Camry XSE in the NASCAR Cup Series. Saia will serve as the primary sponsor for seven races during the 2025 NASCAR Cup Series season, starting February 23rd at Atlanta Motor Speedway.

Saia LTL Freight, operating 214 terminals across the United States with over 15,000 employees, provides less-than-truckload services including service to Canada and Mexico. The partnership aligns two successful organizations, with Joe Gibbs Racing having achieved 425 combined wins across Cup and Xfinity Series since 1992.

The sponsorship races will include events at Talladega, Texas, North Wilkesboro, Sonoma, Indianapolis, and Las Vegas Motor Speedway. Ty Gibbs, the 2023 NASCAR Cup Series Rookie of the Year and 2022 NASCAR Xfinity Series champion, will represent Saia on the track.

Saia Inc (Nasdaq: SAIA) has announced it will release its fourth quarter 2024 financial results before market opening on February 3, 2025. The company will host a conference call with management at 10:00 a.m. Eastern Time on the same day to discuss the results.

Investors can participate by dialing 1-877-317-6789 and requesting to join the Saia call. The conference will also be available via webcast on the company's investor relations website. A replay will be accessible through March 3, 2025, by dialing 1-877-344-7529 with conference ID #9091018.

Saia is a transportation provider offering less-than-truckload, non-asset truckload, expedited and logistics services, operating 214 terminals across 48 states.

Saia Inc. (NASDAQ: SAIA) has announced a partnership with Tesla to introduce two Tesla Semi trucks to its fleet. During testing, the electric semi demonstrated efficiency of 1.73 kWh per mile and impressed with its performance in both local and long-haul applications. The initiative marks a significant milestone as Saia celebrates its 100th anniversary and reinforces its commitment to sustainability and innovation in logistics.

The Tesla Semi trucks were evaluated for range, payload capacity, grade performance, and driver comfort, receiving positive feedback on acceleration, design, and uphill performance with heavy loads. This partnership represents Saia's efforts to reduce its carbon footprint and maintain its position as an industry leader in sustainable transportation.

Saia Inc. (NASDAQ: SAIA) has announced a significant expansion of its credit facility, doubling its borrowing capacity from $300 million to $600 million. The amended facility, closed on December 9, 2024, extends the maturity to December 2029 and increases the accordion feature from $150 million to $300 million. The agreement was established with JPMorgan Chase Bank as Administrative Agent, along with Bank of America, BOKF, NA, and PNC Bank National Association.

The enhanced credit facility aims to support the company's strategic initiatives and provide flexibility for opportunistic investments. According to CFO Matthew Batteh, this amendment strengthens Saia's financial position and demonstrates their commitment to shareholder value.

Saia has reported its LTL operating data for October and November 2024. In October, LTL shipments per workday rose 4.4%, tonnage per workday increased 6.9%, and weight per shipment grew 2.4% to 1,352 pounds. November showed continued growth with LTL shipments per workday up 2.3%, tonnage per workday increasing 5.7%, and weight per shipment rising 3.3% to 1,357 pounds. Quarter-to-date metrics show overall positive trends with shipments up 3.5%, tonnage up 6.4%, and weight per shipment increasing 2.8% compared to the same period in 2023.