Saia Inc Stock Price, News & Analysis

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.

Saia, Inc. (Nasdaq: SAIA) reported strong second quarter 2021 results, with diluted earnings per share of $2.34, up from $1.07 in Q2 2020. Revenue increased by 36.6% to $571.3 million, operating income surged 132.4% to $82.9 million, and the operating ratio improved to 85.5. LTL shipments per workday rose 15.3%, with LTL revenue per shipment reaching $277, a 17.9% increase. With strong shipper demand, the company plans to open more terminals and continues to focus on profitability amid rising operational costs.

Saia, Inc. (NASDAQ: SAIA) announced it will release its quarterly financial results on July 29, 2021, before the market opens. A conference call will follow at 10:00 a.m. Eastern Time to discuss these results. Participants can join the call by dialing 877-886-2341 or 334-777-6979, using conference ID #9556386. The call will be webcast live, and a replay will be available after the event until August 26. Saia operates 171 terminals across 44 states, providing a range of transportation services including less-than-truckload and logistics.

Saia Inc. (NASDAQ: SAIA) has announced the deployment of five compressed natural gas (CNG) tractors at its Fontana, California terminal. This follows the earlier introduction of two Volvo VNR Electric trucks in April. The investment in CNG technology aims to enhance fleet efficiency and reduce carbon emissions by up to 20% compared to diesel engines. The company collaborates with industry partners, focusing on safety and environmentally friendly initiatives. Saia continues to strengthen its sustainability efforts and assess the performance of alternative fuel technologies.

Saia Inc. (NASDAQ: SAIA) has opened a second terminal in Hagerstown, Maryland, enhancing service coverage to the Baltimore and Washington, D.C. area. This expansion, part of Saia's growth strategy, responds to increasing demand for its logistics services. The new facility will create jobs, adding drivers, dockworkers, and management personnel. Saia has opened 25 terminals since 2017, with further expansions planned in the Northeast and mid-Atlantic regions. The company is recognized for its safety record and commitment to reducing environmental impact.

Saia, Inc. (NASDAQ: SAIA) reported strong growth in LTL shipments and tonnage for April and May 2021, with April shipments per workday up by 27.8% and tonnage by 30.5%. May also showed promising increases, with shipments rising 12.7% and tonnage 22.5%. The average weight per shipment increased to 1,404 pounds in May, indicating robust demand, especially compared to lower levels in 2020 due to COVID-19. However, actual results may differ significantly due to various risks outlined in the company’s SEC filings.

Saia Inc. (NASDAQ: SAIA) is expanding its workforce by hiring over 500 drivers and 300 dockworkers due to ongoing demand for its shipping services. The company is implementing a $1,500 driver referral program, $7,500 sign-on bonuses, and a $5,000 dock-to-driver training program. Saia emphasizes its commitment to employee development and capacity investment, promoting advantageous employment conditions such as competitive pay exceeding $100,000 annually and comprehensive benefits. The company has opened over 25 new terminals in the last four years, enhancing its operational network.