Welcome to our dedicated page for Saia news (Ticker: SAIA), a resource for investors and traders seeking the latest updates and insights on Saia stock.
Saia Inc (SAIA) delivers innovative less-than-truckload (LTL) and freight transportation solutions through its strategically positioned North American network. This dedicated news hub provides investors and industry professionals with essential updates about the company's operational developments, financial performance, and market positioning.
Access timely press releases covering quarterly earnings, facility expansions, technology implementations, and safety achievements. Our curated collection simplifies tracking of strategic partnerships, service area growth, and sustainability initiatives within the competitive logistics sector.
Discover updates on terminal network enhancements, fleet modernization efforts, and industry recognition that demonstrate SAIA's commitment to operational excellence. The resource serves as an objective reference for understanding how the company navigates evolving supply chain demands and transportation regulations.
Bookmark this page for streamlined access to SAIA's official communications and third-party analyses. Return regularly to stay informed about critical developments affecting one of the LTL industry's most technologically advanced carriers.
Saia, Inc. (Nasdaq: SAIA) reported a robust first quarter of 2022 with diluted earnings per share at $2.98, significantly up from $1.40 a year prior. Revenue surged by 36.6% to $661.2 million, while operating income jumped 112.4% to $103.4 million, leading to an operating ratio of 84.4. LTL shipments and tonnage also increased by 5.7% and 9.5%, respectively. The company plans to open up to 15 new terminals in 2022, enhancing service capabilities. Cash on hand reached $141.3 million, while total debt decreased to $44.9 million.
Saia Inc. (NASDAQ: SAIA) announced the opening of a new terminal in Parkersburg, West Virginia, marking its first facility in the state. This terminal enhances service offerings and efficiency, providing customers with more direct shipping points amidst growing demand. In 2021, Saia achieved record growth, opening seven terminals and hiring nearly 1,500 employees, with plans to open 10 to 15 new terminals by year-end 2022. The company is seeking to hire workers for the new location, supporting local economic growth.
Saia, Inc. (NASDAQ: SAIA), a leading transportation provider, will announce its quarterly financial results on May 2, 2022, before the market opens. A conference call to discuss the results will occur at 10:00 a.m. Eastern Time on the same day. Participants can access the call by dialing 888-220-8474 or 323-794-2588 with conference ID #7209387. The call will also be accessible via live webcast on the company's website. Saia operates 177 terminals across 45 states, providing a range of less-than-truckload and logistics services.
Saia, Inc. (NASDAQ: SAIA) reported positive growth in LTL shipment metrics for January and February 2022. In January, LTL shipments per workday rose by 1.3%, and LTL tonnage increased by 7.6%. February saw an even larger increase, with shipments up 15.8% and tonnage up 19.1%. The average weight per shipment also grew to 1,406 pounds in February from 1,367 pounds a year ago. The company cautioned that actual results could differ due to various risk factors listed in their filings.
Saia, Inc. (NASDAQ: SAIA) has appointed Anthony Norwood as Executive Vice President and Chief Human Resources Officer effective March 2, 2022. Norwood previously held a senior HR role at Trane Technologies and has extensive experience at Coca-Cola and Merck. His role will focus on developing Saia's human capital strategy, which is deemed crucial for the company's future growth. Saia, recognized for its safety record and environmental initiatives, operates 176 terminals and employs 12,000 people nationwide.
Saia, Inc. (Nasdaq: SAIA) reported robust financial results for Q4 2021 and the full year. Q4 revenue rose to $617.1 million, a 29.5% increase, with diluted earnings per share at $2.76, up from $1.51 in Q4 2020. For 2021, total revenue reached $2.3 billion, marking a 25.6% increase, while diluted EPS jumped to $9.48 from $5.20 in 2020. Operating income increased by 92.3% in Q4 and 85.9% for the year. The company opened 7 new terminals in 2021, with plans for 10-15 new terminals in 2022.
Saia, Inc. (NASDAQ: SAIA) will release its quarterly financial results on February 2, 2022, prior to market opening. Following this, management will host a conference call at 11:00 a.m. Eastern Time to discuss the results. Interested participants can join by dialing 888-394-8218 or 313-209-6544 with the conference ID #8752077, and the call will also be available via live webcast on the company's website. A replay will be accessible two hours post-call until March 2, 2022.
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.
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