Saia Provides First Quarter-to-Date LTL Operating Data
March 02 2018 - 7:30AM
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 January 2018, LTL shipments per workday increased
8.9% and LTL tonnage per workday increased 11.1% compared to
January 2017. In February 2018, LTL shipments per workday
increased 10.6% and LTL tonnage per workday increased 13.2%
compared to February 2017.
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, 2017, 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 155 terminals in 39 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 and other assets; (15)
governmental regulations, including but not limited to Hours of
Service, engine emissions, the Compliance, Safety, Accountability
(CSA) initiative, compliance with legislation requiring companies
to evaluate their internal control over financial reporting,
Homeland Security, environmental regulations and the Food and Drug
Administration; (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) cost and availability of insurance coverage; (23)
increased costs of healthcare and prescription drugs, including as
a result of healthcare reform legislation; (24) social media risks;
(25) cyber security risk; (26) failure to successfully execute the
strategy to expand the Company’s service geography into the
Northeastern United States; and (27) 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. 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.
CONTACT: |
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Saia, Inc.Melanie
BakerInvestors@saia.com770.232.4088 |
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