Headquartered in Johns Creek, GA Fiscal year ends December NASDAQ: SAIA saia.com
Saia, Inc. is a freight and logistics provider focused primarily on less-than-truckload (LTL) transportation. Through Saia LTL Freight, it operates a network of 219 terminals providing national service. It also offers brokered truckload, expedited transportation and other logistics services. The company earns revenue from shipments priced largely by weight and distance, supplemented by fuel surcharges. It has been investing heavily in terminals, door capacity, equipment, people and technology to build out a national LTL network and gain market share. Recent results reflect a mix shift toward heavier shipments, a moderation in capital spending after an expansion phase, strong free cash flow, reduced debt, and the start of capital returns through a newly authorized share repurchase program. Updated
Nine-month free cash flow swung to $244.9 million from $11.6 million, and the board immediately authorized a $250 million buyback. Record LTL tonnage per workday carried revenue and earnings past expectations.
After a week of wild swings that rattled portfolios and left investors guessing, Wall Street analysts are already reshuffling their ratings on Friday morning, with some surprising cuts and upgrades across sectors…
Saia, Inc. is a freight and logistics provider focused primarily on less-than-truckload (LTL) transportation. Through Saia LTL Freight, it operates a network of 219 terminals providing national service.
The Wall Street consensus 12-month price target for SAIA is $414.67. SAIA price prediction →
