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 ...

The market expects Saia (SAIA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price c ...

JOHNS CREEK, Ga., July 09, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, announced that it will release its quarterly financial results before the market opens on Friday, July 26th. Saia management will host a conference call to discuss the results later that morning at 10:00 a.m. Eastern Time. To participate in the call, please dial 1-800-715-9871 or 1-646-307-1963 ref ...

JOHNS CREEK, Ga., July 09, 2024 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, announced that it will release its quarterly financial results before the market opens on Friday, July 26th. Saia management will host a conference call to discuss the results later that morning at 10:00 a.m. Eastern Time. To participate in the call, please dial 1-800-715-9871 or 1-646-307-1963 ref ...

JOHNS CREEK, Ga., June 24, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is excited to announce the opening of Saia LTL Freight's newest terminals, one in California, near Anaheim, and another facility in Owatonna, Minnesota. These openings mark another step in Saia's ongoing strategy to enhance our service capabilities and support our growing customer base in these key regions. "We are thrilled to enhance and expand our network with these two terminals," said Executive Vice President of Operations Patr ...

Saia continues to actively hire new employees, including drivers, dockworkers, and various office, sales, and management positions. Interested candidates can visit the Saia website to learn more about open positions and apply. About Saia, Inc. Saia Inc. (NASDAQ: SAIA) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. With headquarters in Johns Creek, Georgia, Saia LTL Freight operates 200 terminals across the country and employs over 14,000 people. ...

"With each new terminal, we remain committed to our chief core value, 'Customer First,'" Szydel added. "Our success is built on our ability to provide exceptional service, and this facility in Laredo is a testament to our dedication to replicating that service excellence." For more information, contact: Jeannie S. Jump Saia Corporate Communications Phone: 770-232-4069 · E-mail jjump@saia.com "We are thrilled to move into our larger, newly renovated facility in Laredo," said Vice President of Operations, Wes ...

"We are thrilled to move into our larger, newly renovated facility in Laredo," said Vice President of Operations, West Kevin Szydel. "This terminal is important to our operations as it will serve as one of two gateway terminals to Mexico, in addition to enhancing our service across the Central and Southern U.S., supporting the local economy with job opportunities and improved shipping services. In addition to offering onsite warehousing, we will also provide customers seamless cross- border pool distributio ...