Investors in Saia, Inc. (SAIA) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $630.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

JOHNS CREEK, Ga., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA), a leading lessthan-truckload (LTL) carrier, is excited to announce the expansion of its network with the opening of six new terminals during the month of August. These new facilities are part of Saia's planned Western expansion to enhance service capabilities and support a growing customer base in this important region. The schedule for the terminal openings is as follows: Aug. 12: Cheyenne, Wyoming Saia is thrilled to open its ve ...

Fritz Holzgrefe While the new terminals are drag on margins in the near term, these investments in service and capacity are critical to creating long-term value for both customers and shareholders. While the costs associated with the new openings are more pronounced in some of the smaller and less dense markets, having a comparable footprint to our peers is critical to our overall value proposition. We're now ready to open the line for questions, operator. Ken Hoexter And your next question comes from the l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. (Exact name of registrant as specified in its charter) Delaware 48-1229851 (State of incorporation) (I.R.S. Employer Identification No.) 11465 John ...

Trucking company Saia (SAIA -19.25%) fell short of expectations in the second quarter, weighed down by expansion costs. Investors were caught off guard, sending shares of Saia down 18% as of 11:30 a.m. ET. A quarterly miss It has been a tough period for trucking companies, as fears about the economy have depressed inventories and softened demand for transport services. But Saia's results mostly point to an improving environment: Revenue was up 18.5% year over year, shipments per workday increased by 18.1%, ...

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. The reported revenue compares to the Zacks Consensus Estimate of $821.6 million, representing a surprise of +0.20%. The company delivered an EPS surprise of -4.25%, with the consensus EPS estimate being $4.00. Operating Ratio: 83.3% versus 82.6% estimated by five analysts on average. LTL (Less-Than-Truckload) Reve ...

Saia, which belongs to the Zacks Transportation - Truck industry, posted revenues of $823.24 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.20%. This compares to year-ago revenues of $694.62 million. The company has topped consensus revenue estimates three times over the last four quarters. Saia shares have added about 11.6% since the beginning of the year versus the S&P 500's gain of 13.2%. There are no easy answers to this key question, but one reliable measure that ...

Revenue and Operating Income - Revenue for Q2 2024 was $823.2 million, an 18.5% increase compared to the same period in 2023[13] - Operating income for Q2 2024 was $137.6 million, a 14.4% increase year-over-year[13] - Operating revenue for Q2 2024 increased to $823.244 million, up 18.5% from $694.622 million in Q2 2023[21] - Operating income for Q2 2024 grew to $137.593 million, up 14.4% from $120.255 million in Q2 2023[21] LTL Performance Metrics - LTL shipments per workday increased by 18.1% in Q2 2024[13] - LTL tonnage per workday increased by 9.7% in Q2 2024[13] - LTL revenue per hundredweight, excluding fuel surcharge revenue, increased by 8.7% in Q2 2024[13] - LTL tonnage grew by 9.7% to 1,559 in Q2 2024 compared to 1,421 in Q2 2023[22] - LTL shipments increased by 18.1% to 2,327 in Q2 2024 from 1,970 in Q2 2023[22] - LTL revenue per hundredweight (cwt.) rose by 8.0% to $25.75 in Q2 2024 from $23.85 in Q2 2023[22] - LTL revenue per shipment remained stable at $345.07 in Q2 2024, a slight 0.3% increase from $344.08 in Q2 2023[22] Capital Expenditures and Financial Position - Net capital expenditures were $681.3 million in the first six months of 2024, compared to $226.5 million in the same period in 2023[16] - The company ended Q2 2024 with $11.2 million in cash on hand and total debt of $176.7 million, compared to $235.0 million in cash and $21.4 million in debt at the end of Q2 2023[4] - The company anticipates net capital expenditures of approximately $1 billion for 2024, subject to market conditions[16] Operating Expenses - Operating expenses for Q2 2024 totaled $685.651 million, up 19.4% from $574.367 million in Q2 2023[21] - Salaries, wages, and employees' benefits increased to $372.240 million in Q2 2024, up 19.4% from $311.888 million in Q2 2023[21] - Fuel, operating expenses, and supplies rose to $160.877 million in Q2 2024, a 20.5% increase from $133.490 million in Q2 2023[21] Net Income - Net income for Q2 2024 rose to $102.519 million, a 12.3% increase from $91.319 million in Q2 2023[21] Operating Ratio - The operating ratio for Q2 2024 was 83.3%, compared to 82.7% in Q2 2023[13] Terminal Expansion - The company opened six new terminals and relocated two others in Q2 2024, with plans to open an additional 10 to 13 terminals by the end of the year[3]

JOHNS CREEK, Ga., July 22, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is thrilled to announce the opening of Saia LTL Freight's newest terminals in Stockton, California, and Davenport, Iowa. These openings represent another significant step in Saia's strategic plan to enhance service capabilities and support our expanding customer base in these important regions. "We are excited to expand our network with these two new terminals," said Executive Vice President of Operations Patrick Sugar. "The Stockt ...

JOHNS CREEK, Ga., July 22, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is thrilled to announce the opening of Saia LTL Freight's newest terminals in Stockton, California, and Davenport, Iowa. These openings represent another significant step in Saia's strategic plan to enhance service capabilities and support our expanding customer base in these important regions. "With each new terminal, we remain committed to providing industry-leading service," added Sugar. "Our success is built on our ability to d ...