Saia Inc Stock Price, News & Analysis

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.

Saia, Inc. (NASDAQ: SAIA) has opened a new terminal in Fredericksburg, Virginia, marking its fourth facility in the state and third terminal opened in 2021. This facility, located 50 miles from Washington, D.C., enhances Saia's service in the mid-Atlantic region. The company plans to add four more terminals by the end of Q4 2021. Saia is actively hiring for various positions at this new terminal, reinforcing its commitment to customer service and operational efficiency in response to growing demand.

Saia, Inc. (NASDAQ: SAIA) reported LTL shipment and tonnage data for July and August 2021. In July, LTL shipments per workday rose by 3.4%, while tonnage increased by 12.6%, with a weight per shipment of 1,381 pounds. August saw further increases, with shipments up 1.9% and tonnage up 9.9%, resulting in an average shipment weight of 1,399 pounds. The company cautioned that actual results could differ significantly due to various risks outlined in their SEC filings.

Saia, Inc. (Nasdaq: SAIA) announced the election of Kevin A. Henry and Dr. Donald R. James as directors effective September 1, 2021. Henry, previously Chief Human Resources Officer at Extended Stay America, brings 23 years of C-suite experience, while James, the former President of the Americas for Joyson Safety Systems, has 24 years in the automotive industry. Both are expected to significantly contribute to Saia's growth, with Henry focusing on human capital development and James on advancing alternative fuels and sustainability initiatives.