Saia Provides First Quarter LTL Operating Data
March 04 2019 - 6:30AM
Saia, Inc. (NASDAQ: SAIA), a leading transportation provider
offering multi-regional 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 first
quarter. In January2019, LTL shipments per workday declined
0.1% and LTL tonnage per workday declined 2.9% compared to
January2018. In February2019, LTL shipments per workday
declined 1.5% and LTL tonnage per workday declined 3.2% compared to
February2018.
Actual first quarter and annual shipments and
tonnage could differ materially from the data expressed in this
press release, including by reason of the risk factors included in
Item 1A of the Company’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2018, and in other filings with the
Securities and Exchange Commission. The information herein
speaks as of the date of this press release and is subject to
change. Saia is under no obligation, and expressly disclaims
any obligation to update or alter such information, whether as a
result of new information, future events, or otherwise, except as
required by law.
Saia, Inc. (NASDAQ: SAIA) offers customers a
wide range of less-than-truckload, non-asset truckload, expedited
and logistics services. With headquarters in Georgia, Saia
LTL Freight operates 160 terminals in 41 states. For more
information on Saia, Inc. visit the Investor Relations section at
www.saiacorp.com.
The Securities and Exchange Commission
encourages companies to disclose forward-looking information so
that investors can better understand the future prospects of a
company and make informed investment decisions. This news release
may contain these types of statements, which are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995.
Words such as “anticipate,” “estimate,”
“expect,” “project,” “intend,” “may,” “plan,” “predict,” “believe,”
“should” and similar words or expressions are intended to identify
forward-looking statements. Investors should not place undue
reliance on forward-looking statements and the Company undertakes
no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements reflect the present
expectation of future events of our management as of the date of
this news release and are subject to a number of important factors,
risks, uncertainties and assumptions that could cause actual
results to differ materially from those described in any
forward-looking statements. These factors, risks, uncertainties and
assumptions include, but are not limited to, (1) general economic
conditions including downturns in the business cycle; (2)
effectiveness of Company-specific performance improvement
initiatives, including management of the cost structure to match
shifts in customer volume levels; (3) the creditworthiness of our
customers and their ability to pay for services; (4) failure to
achieve acquisition synergies; (5) failure to operate and grow
acquired businesses in a manner that supports the value allocated
to these acquired businesses, including their goodwill; (6)
economic declines in the geographic regions or industries in which
our customers operate; (7) competitive initiatives and pricing
pressures, including in connection with fuel surcharge; (8) loss of
significant customers; (9) the Company’s need for capital and
uncertainty of the credit markets; (10) the possibility of defaults
under the Company’s debt agreements (including violation of
financial covenants); (11) possible issuance of equity which would
dilute stock ownership; (12) integration risks; (13) the effect of
litigation including class action lawsuits; (14) cost and
availability of qualified drivers, fuel, purchased transportation,
real property, revenue equipment, technology and other assets; (15)
the effect of governmental regulations, including but not limited
to Hours of Service, engine emissions, the Compliance, Safety,
Accountability (CSA) initiative, the Food and Drug Administration,
compliance with legislation requiring companies to evaluate their
internal control over financial reporting, Homeland Security,
environmental regulations, tax law changes and potential changes to
the North American Free Trade Agreement and to certain
international tariffs; (16) changes in interpretation of accounting
principles; (17) dependence on key employees; (18) inclement
weather; (19) labor relations, including the adverse impact should
a portion of the Company’s workforce become unionized; (20)
terrorism risks; (21) self-insurance claims and other expense
volatility;(22) risks arising from international business
operations and relationships (23) cost and availability of
insurance coverage, including the possibility the Company may be
required to pay additional premiums under its auto liability
policy; (24) increased costs of healthcare and prescription drugs,
including as a result of healthcare reform legislation; (25) social
media risks; (26) disruption in or failure of the Company’s
technology including services essential to operations of the
Company and/or cyber security risk; (27) failure to successfully
execute the strategy to expand the Company’s service geography into
the Northeastern United States; and (28) other financial,
operational and legal risks and uncertainties detailed from time to
time in the Company’s SEC filings.
As a result of these and other factors, no assurance can be
given as to our future results and achievements. Accordingly, a
forward-looking statement is neither a prediction nor a guarantee
of future events or circumstances and those future events or
circumstances may not occur. You should not place undue reliance on
the forward-looking statements, which speak only as of the date of
this press release. We are under no obligation, and we expressly
disclaim any obligation, to update or alter any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: |
Saia,
Inc. |
|
Melanie Baker |
|
Investors@saia.com |
|
770.232.4088 |
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