Group 1: Company Performance - Saia reported revenues of $823.24 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.20% and up from $694.62 million a year ago [1] - The company achieved quarterly earnings of $3.83 per share, which was below the Zacks Consensus Estimate of $4 per share, compared to earnings of $3.42 per share a year prior [7] - Over the last four quarters, Saia has surpassed consensus revenue estimates three times and consensus EPS estimates two times [1][6] Group 2: Market Comparison - Saia shares have increased approximately 11.6% since the beginning of the year, while the S&P 500 has gained 13.2% [2] - The current Zacks Rank for Saia is 2 (Buy), indicating expectations for the stock to outperform the market in the near future [4] Group 3: Future Outlook - The consensus EPS estimate for the upcoming quarter is $4.11 on revenues of $839.5 million, and for the current fiscal year, it is $15.32 on revenues of $3.23 billion [11] - The estimate revisions trend for Saia is currently favorable, which may influence future stock performance [4][10] - The outlook for the Transportation - Truck industry is currently in the bottom 9% of Zacks industries, which could impact Saia's stock performance [12]

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. "With each new terminal, we remain committed to providing industry-leading service," added Sugar. "Our success is built on our ability to d ...

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 ...

Core Insights - Saia Inc. has opened two new terminals in California and Minnesota to enhance service capabilities and support customer growth [1][2] - The Anaheim terminal will replace the Long Beach facility, while the Owatonna terminal marks Saia's entry into a new market in the Upper Midwest [2] - Saia plans to open up to 16 terminals by the end of 2024, expanding its national network and improving shipping flexibility and reliability for customers [2][3] Company Expansion - The new terminals are part of Saia's strategic growth plan, which includes recent expansions in Montana, New Jersey, Texas, and Utah [2] - The Owatonna terminal is crucial for Saia's Western expansion plans, enhancing direct shipping points [2] - Saia continues to hire new employees across various positions to support its growth and maintain service excellence [3] Company Overview - Saia Inc. operates 200 terminals nationwide and employs over 14,000 people, offering a range of logistics services [4] - The company has received recognition for its safety record and environmental efforts, including awards from the American Trucking Associations and the EPA's SmartWay program [4] - Saia has been acknowledged as one of the "Top Companies for Women to Work for in Transportation" by Women In Trucking [4]

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. ...

Core Insights - Saia Inc. has opened a new terminal in Laredo, Texas, marking a significant investment aimed at enhancing operational capabilities and customer service [3][5] - The new facility will serve as one of two gateway terminals to Mexico, improving service across Central and Southern U.S. and supporting local job creation [3][5] - Saia is actively hiring across its network, including various positions to support its expansion efforts [4] Company Expansion - The Laredo terminal is part of Saia's strategic expansion, which includes new facilities in Montana, New Jersey, Texas, and Utah in 2024 [5] - The company plans to open up to 16 additional terminals this year, further strengthening its national network [5] Services Offered - Saia Inc. provides a wide range of logistics services, including less-than-truckload, non-asset truckload, and expedited services [6] - The company operates 199 terminals across the U.S. and employs over 14,000 people [6] Recognition and Achievements - Saia has been recognized for its outstanding safety record by the American Trucking Associations Safety Management Council [6] - The company has also received accolades from the Environmental Protection Agency's SmartWay program for its environmental efforts [6] - Saia is a multiyear recipient of Women In Trucking's "Top Companies for Women to Work for in Transportation" [6]

"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 ...

Saia (SAIA) shares soared 6.7% in the last trading session to close at $429.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.4% gain over the past four weeks. The uptick was owing to the strong less-than-truckload (LTL) shipment growth recorded by the company in the first two months of second-quarter 2024. Per a midquarter report, SAIA reported an 18% year over year increase in LTL shipments per workday in April. The reading ...