Saia Inc Stock Price, News & Analysis

Saia Inc. (NASDAQ: SAIA) has announced the opening of two new terminals for Saia LTL Freight in Stockton, California, and Davenport, Iowa. These facilities are part of Saia's strategic expansion plan to enhance service capabilities and support growing customer demand in key regions. The Stockton terminal will boost operations in Northern California, while the Davenport location strengthens the company's Midwest presence.

In 2024, Saia has already expanded with new facilities in Montana, New Jersey, Texas, and Utah. The company aims to open 18 to 21 terminals this year, further extending its national network. Saia is actively hiring for various positions, including drivers, dockworkers, and office staff, to support its growth.

Saia, a national transportation provider, will announce its second quarter 2024 financial results on July 26, 2024, before the market opens. The company will host a conference call at 10:00 a.m. Eastern Time to discuss these results. Interested participants can join the call by dialing 1-800-715-9871 or 1-646-307-1963 and referencing conference ID #4962445. A replay will be available until August 25, 2024. Saia offers a variety of logistics services including less-than-truckload, non-asset truckload, and expedited services, operating 200 terminals across 46 states. More information can be found on their Investor Relations website.

Saia Inc. (NASDAQ: SAIA) has unveiled new terminals in California, near Anaheim, and Owatonna, Minnesota, aimed at enhancing service capabilities and supporting regional demand. The Anaheim terminal will bolster service in Southern California, replacing the Long Beach facility. The Owatonna terminal marks Saia's entry into the Upper Midwest and supports Western expansion plans. These new facilities are part of Saia's broader strategy to grow its national network, with plans to open up to 16 terminals by year-end. The company continues hiring to support these expansions, offering roles in driving, dockworking, and management.

Saia (NASDAQ: SAIA) announced the opening of a new terminal in Laredo, Texas on June 10, 2024. This facility aims to enhance Saia's capabilities, including onsite warehousing and cross-border services with Mexico.

The terminal will serve as one of two gateway points to Mexico and will improve service across the Central and Southern U.S. This expansion is part of Saia's broader strategy to open up to 16 new terminals in 2024, bolstering its national network. The company is actively hiring for various positions to support this growth.

Saia, a leading national transportation provider, reported its second-quarter LTL (less-than-truckload) operating data for April and May 2024. LTL shipments per workday rose by 18.0% in April and 18.6% in May. LTL tonnage per workday increased 7.6% in April and 9.8% in May. However, LTL weight per shipment declined by 8.8% in April and 7.4% in May. These changes indicate a significant rise in shipment volume but a decrease in average shipment weight. Saia cautioned that actual second-quarter and annual data could differ due to various risk factors, referencing their Annual Report on Form 10-K for fiscal year 2023.

Saia operates 199 terminals across 46 states, offering a range of LTL, non-asset truckload, expedited, and logistics services.

Saia (NASDAQ: SAIA) has announced the opening of a new terminal in Reading, Pennsylvania, bringing its total facilities in the state to seven. This new location aims to enhance direct shipping points across the Northeast and beyond. Vice President of Operations, East Jared Mull highlighted the importance of the new market and its potential to boost the local economy by providing jobs and more flexible services. So far in 2024, Saia has also opened facilities in Montana, New Jersey, Texas, and Utah. The company is actively hiring across its network, including drivers, dockworkers, and management personnel. Saia operates 199 terminals nationwide and employs 14,000 people.

Saia has announced the promotion of Matthew Batteh to Executive Vice President, Chief Financial Officer, and Secretary, effective immediately.

Batteh, who has been with Saia since 2015, will oversee finance, pricing, accounting, and treasury functions.

He previously served as Vice President of Finance and has extensive experience in the less-than-truckload (LTL) industry.

Former CFO Douglas Col will remain to assist during the transition period.

Saia operates 198 terminals across 46 states and employs 14,000 people.