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Saia ( (SAIA) ) just unveiled an update.
In 2024, Saia marked its 100th year with significant achievements, including record revenues exceeding $3 billion and the opening of 21 new terminals, expanding its national footprint. The company’s fourth quarter revenue of $789 million set a new record, despite a slight decline in yield due to increased shipment weights. Saia’s investment strategy focused on long-term growth, with substantial capital directed towards real estate, equipment, and workforce expansion. Despite macroeconomic uncertainties, Saia’s strategic initiatives in pricing and mix optimization have positively impacted their operations, although these efforts contributed to a higher operating ratio of 87.1% for the quarter. The results underscore the company’s commitment to enhancing customer service and operational efficiency, with over 1,300 new employees onboarded to support its growth initiatives.
More about Saia
Saia Inc. operates in the transportation and logistics industry, providing comprehensive freight services with a focus on less-than-truckload (LTL) shipments. With a network of 214 terminals across the contiguous United States, Saia has established itself as a leading national carrier, delivering a high volume of shipments and investing heavily in real estate and equipment to enhance its service capabilities.
YTD Price Performance: 14.18%
Average Trading Volume: 364,295
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $13.52B
Find detailed analytics on SAIA stock on TipRanks’ Stock Analysis page.
