Is demand improving in the trucking business? Trucking specialist Saia (SAIA 6.88%) said shipments were up 18% in April compared to a year ago, sparking some hope that the worst is in the rearview mirror following a difficult few quarters for transport companies. The news is giving the entire sector a lift, with Saia stock zooming ahead by up to 14% on Tuesday, while shares of rival Old Dominion Freight Line (ODFL 2.27%) jumped as much as 7.5%. The two stocks were up 8% and 4%, respectively, as of noon ET. ...

JOHNS CREEK, Ga., June 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 second quarter. In April 2024, LTL shipments per workday increased 18.0%, LTL tonnage per workday increased 7.6% and LTL weight per shipment declined 8.8% to 1,332 pounds. In May 2024, LTL shipments per workday increased 18. ...

JOHNS CREEK, Ga., June 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 second quarter. In April 2024, LTL shipments per workday increased 18.0%, LTL tonnage per workday increased 7.6% and LTL weight per shipment declined 8.8% to 1,332 pounds. In May 2024, LTL shipments per workday increased 18. ...

JOHNS CREEK, Ga., May 20, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ:SAIA) announced that Saia LTL Freight's newest Pennsylvania terminal, in Reading, commenced operations today. The facility will provide customers with more direct shipping points across the Northeast and beyond. "We are excited to be a part of the Reading community, which is a new market for us," said Vice President of Operations, East Jared Mull. "The local economy is growing, so we are happy to help facilitate added growth by providing s ...

JOHNS CREEK, Ga., May 20, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ:SAIA) announced that Saia LTL Freight's newest Pennsylvania terminal, in Reading, commenced operations today. The facility will provide customers with more direct shipping points across the Northeast and beyond. "We are excited to be a part of the Reading community, which is a new market for us," said Vice President of Operations, East Jared Mull. "The local economy is growing, so we are happy to help facilitate added growth by providing s ...

Financial Data and Key Metrics Changes - The company's Q1 2024 revenue reached $754.8 million, a 14.3% increase year-over-year, marking a record for any first quarter in the company's history [27][32] - Operating ratio improved to 84.4%, a 60 basis point improvement compared to the same quarter last year, matching the best Q1 operating ratio posted in 2022 [131] - Diluted earnings per share increased to $3.38 from $2.85 in the prior year [7] Business Line Data and Key Metrics Changes - Average daily shipments increased to approximately 33,000, up nearly 16% from about 28,500 per day last year [3] - Tonnage increased by 6.2%, driven by a 15.7% increase in shipments, despite an 8.2% decrease in average weight per shipment [6] - Revenue per shipment, excluding fuel surcharge, rose by 1.4% despite challenges from weight per shipment [4] Market Data and Key Metrics Changes - The company added 20 new facilities over the last two years, enhancing service levels and customer satisfaction [5] - Claims and insurance expenses increased by 24.2% year-over-year, primarily due to increased activity and a rise in premiums [30] - Fuel expenses rose by 3.7%, while company linehaul miles increased by 10.6% year-over-year [133] Company Strategy and Development Direction - The company plans to open 15 to 20 terminals in total this year, with a focus on strategic relocations to improve market position and capacity [28] - Capital expenditures for 2024 are anticipated to be approximately $1 billion, aimed at expanding the network and enhancing service capabilities [8] - The company emphasizes a customer-first approach, aiming to achieve higher service levels while managing costs effectively [135] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic uncertainty but expressed confidence in the company's ability to execute plans for long-term success [33] - The company expects to see a seasonal pickup in volumes, with tonnage per day in April running about 6.5% higher than the previous year [35] - Management remains focused on maintaining service quality to justify rate increases, despite the competitive pricing environment [102] Other Important Information - The company has seen significant employee growth, with a headcount increase of over 15% year-over-year to support volume growth [6] - The partnership with a leading Mexican LTL carrier is expected to enhance cross-border service capabilities [32] Q&A Session Summary Question: How is the competitive environment within the LTL industry evolving? - Management indicated that while the market is currently softer, the company is well-positioned to capitalize on opportunities as demand picks up [45] Question: What are the expectations for shipment growth in the second half of the year? - Management acknowledged that the second half may face tougher comparisons but remains optimistic about growth driven by new terminal openings [46] Question: How is the company managing pricing discussions with new customers? - Management noted that many new customers are familiar with the company due to prior relationships, which aids in pricing discussions [91] Question: What is the outlook for staffing new facilities? - Management expressed confidence in staffing new facilities with experienced personnel from within the company, which helps maintain culture and service standards [85]

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 MARCH 31, 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 11465 Johns Creek Parkway, Su ...

Exhibit 99.1 Saia Reports First Quarter Results JOHNS CREEK, GA – April 26, 2024 – Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported first quarter 2024 financial results. Diluted earnings per share for the quarter were $3.38 compared to $2.85 in the first quarter of 2023. Highlights from the first quarter operating results were as follows: First Quarter 2024 Compared to First Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-49983 Saia, Inc. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receiv ...

Saia, Inc. (NASDAQ:SAIA) Q4 2023 Earnings Conference Call February 2, 2024 10:00 AM ET Company Participants Doug Col - Executive Vice President and Chief Financial Officer Fritz Holzgrefe - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Amit Mehrotra - Deutsche Bank Chris Wetherbee - Citigroup Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of America James Monigan - Wells Fargo Tom Wadewitz - UBS Jaso ...