Saia reported another month of strong demand in August. Shares of Saia (SAIA -0.82%), the less-than-truckload (LTL) logistics provider were among the winners last month as the company reported solid metrics from July and August, and won some positive notes from Wall Street analysts. As a result, the stock gained 16% for September, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock jumped early in September on its monthly-shipping report and continued to cli ...

JOHNS CREEK, Ga., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is excited to announce that Saia LTL Freight, a leading less-than-truckload (LTL) carrier, is opening three new terminals this month, further expanding its Western U.S. footprint as the company celebrates its 100th anniversary. The new terminals in Bismarck and Fargo, North Dakota, and Sidney, Montana, represent key milestones in Saia's strategic growth, enhancing its service capabilities and supporting the company's continued com ...

JOHNS CREEK, Ga., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, is providing LTL shipment and tonnage data for the first two months of the third quarter. In July 2024, LTL shipments per workday increased 10.6%, LTL tonnage per workday increased 5.0% and LTL weight per shipment declined 5.0% to 1,331 pounds compared to 1,401 pounds in July 2023. In August 2024, ...

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 ...

Saia, Inc. (NASDAQ:SAIA) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Matt Batteh - Executive Vice President & Chief Financial Officer Fritz Holzgrefe - President and Chief Executive Officer Conference Call Participants Ken Hoexter - Bank of America Daniel Imbro - Stephens Fadi Chamoun - BMO Capital Markets Chris Wetherbee - Wells Fargo Tom Wadewitz - UBS Jon Chappell - Evercore ISI Jordan Alliger - Goldman Sachs Ravi Shanker - Morgan Stanley Eric Morgan - Barclays Uday Kh ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Identification No.) (770) 232-5067 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: ☒ 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. ...

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 ...