Saia Inc Stock Price, News & Analysis

Saia, Inc. (Nasdaq: SAIA), a prominent transportation provider, will announce its quarterly financial results on April 28, 2023, before the market opens. A conference call hosted by Saia management will take place at 11:00 a.m. Eastern Time to discuss these results. Interested parties can join the call by dialing 1-888-440-5655 or 1-646-960-0338 with conference ID #9246157. The call will also be webcast live on Saia's website, with a replay available after the call until May 28, 2023. Saia operates 190 terminals across 45 states, providing national less-than-truckload (LTL), non-asset truckload, expedited, and logistics services.

Saia, Inc. (Nasdaq: SAIA) announced its LTL shipment and tonnage data for January and February 2023. January saw a 4.0% decline in LTL shipments per workday and a 3.7% decline in LTL tonnage per workday, while LTL weight per shipment slightly increased by 0.2%. In February, both LTL shipments and tonnage per workday further declined by 7.6%, with LTL weight per shipment decreasing by 0.1%. The company cautions that actual results for the first quarter may differ significantly from these figures, citing risks outlined in its SEC filings.

Saia Inc. (NASDAQ: SAIA) announced the addition of 78 next-day service lanes, now totaling 435 across the Northeast and Mid-Atlantic markets. Key locations include Albany, Newark, and Boston, improving delivery times for customers by one day. Executive Vice President Ray Ramu emphasized the company's commitment to enhancing customer service, facilitated by network optimization and recent terminal openings. Since 2017, Saia has established 42 new terminals, enhancing its operational proximity to clients. Saia’s diverse services include less-than-truckload and logistics solutions, supported by a strong safety record and environmental efforts.

Saia Inc. (NASDAQ: SAIA) has expanded its operations by opening new terminals in Morgantown and Princeton, West Virginia, bringing its total to 190 terminals nationwide. This expansion is part of Saia's strategy to enhance customer service and improve supply chain efficiency through increased shipping points and reduced transit times. Additionally, Saia's human resources team is actively recruiting for these new locations. Earlier in February, another large facility was opened near Kansas City, with more openings planned in Muncie, Indiana, and north of Atlanta, Georgia. The company remains committed to meeting rising demand and improving operational capabilities.

Saia Inc. (NASDAQ: SAIA) has announced the opening of a new terminal in Edwardsville, Kansas, enhancing its operational capacity in the Kansas City area. This facility, named 'Kansas City West' (KCW), features nearly 140 doors and aims to improve service delivery by providing additional capacity and flexibility. Saia's ongoing strategy includes investing in key locations like Kansas City, a critical freight hub in the Midwest, to better serve customers. The terminal is actively hiring for various positions, including dockworkers and mechanics. Saia operates 188 terminals nationwide and employs over 12,000 people.