Saia Inc Stock Price, News & Analysis

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.