Saia Provides Fourth Quarter LTL Operating Data
December 04 2023 - 7:30AM
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 fourth quarter. In
October 2023, LTL shipments per workday increased 18.0%, LTL
tonnage per workday increased 7.8% and LTL weight per shipment
declined 8.6% to 1,321 pounds. In November 2023, LTL shipments per
workday increased 18.9%, LTL tonnage per workday increased 9.2% and
LTL weight per shipment declined 8.1% to 1,313 pounds.
These changes are summarized in the table
below:
|
|
October 2023 versus October
2022 |
|
|
November 2023 versus November
2022 |
LTL Shipments per
workday |
18.0 |
% |
|
|
18.9 |
% |
LTL Tonnage per
workday |
7.8 |
% |
|
|
9.2 |
% |
LTL Weight per
shipment |
-8.6 |
% |
|
|
-8.1 |
% |
|
|
|
|
|
|
|
Actual fourth quarter and annual shipments,
tonnage and weight per shipment 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, 2022, 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 194 terminals with service across 45 states. For
more information on Saia, Inc. visit the Investor Relations section
at www.saia.com/about-us/investor-relations.
Cautionary Note Regarding
Forward-Looking Statements
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, except as required by law. 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 or inflationary
periods in the business cycle; (2) operation within a highly
competitive industry and the adverse impact from downward pricing
pressures, including in connection with fuel surcharges, and other
factors; (3) industry-wide external factors largely out of our
control; (4) cost and availability of qualified drivers, dock
workers, mechanics and other employees, purchased transportation
and fuel; (5) inflationary increases in operating expenses and
corresponding reductions of profitability; (6) cost and
availability of diesel fuel and fuel surcharges; (7) cost and
availability of insurance coverage and claims expenses and other
expense volatility, including for personal injury, cargo loss and
damage, workers’ compensation, employment and group health plan
claims; (8) failure to successfully execute the strategy to expand
our service geography; (9) costs and liabilities from the
disruption in or failure of our technology or equipment essential
to our operations, including as a result of cyber incidents,
security breaches, malware or ransomware attacks; (10) failure to
keep pace with technological developments; (11) labor relations,
including the adverse impact should a portion of our workforce
become unionized; (12) cost, availability and resale value of real
property and revenue equipment; (13) supply chain disruption and
delays on new equipment delivery; (14) capacity and highway
infrastructure constraints; (15) risks arising from international
business operations and relationships; (16) seasonal factors, harsh
weather and disasters caused by climate change; (17) economic
declines in the geographic regions or industries in which our
customers operate; (18) the creditworthiness of our customers and
their ability to pay for services; (19) our need for capital and
uncertainty of the credit markets; (20) the possibility of defaults
under our debt agreements, including violation of financial
covenants; (21) inaccuracies and changes to estimates and
assumptions used in preparing our financial statements; (22)
failure to operate and grow acquired businesses in a manner that
support the value allocated to acquired businesses; (23) dependence
on key employees; (24) employee turnover from changes to
compensation and benefits or market factors; (25) increased costs
of healthcare benefits; (26) damage to our reputation from adverse
publicity, including from the use of or impact from social media;
(27) failure to make future acquisitions or to achieve acquisition
synergies; (28) the effect of litigation and class action lawsuits
arising from the operation of our business, including the
possibility of claims or judgments in excess of our insurance
coverages or that result in increases in the cost of insurance
coverage or that preclude us from obtaining adequate insurance
coverage in the future; (29) the potential of higher corporate
taxes and new regulations, including with respect to climate
change, employment and labor law, healthcare and securities
regulation; (30) the effect of governmental regulations, including
hours of service and licensing compliance for drivers, engine
emissions, the Compliance, Safety, Accountability (CSA) initiative,
regulations of the Food and Drug Administration and Homeland
Security, and healthcare and environmental regulations; (31)
unforeseen costs from new and existing data privacy laws; (32)
changes in accounting and financial standards or practices; (33)
widespread outbreak of an illness or any other communicable
disease, including the COVID-19 pandemic; (34) international
conflicts and geopolitical instability; (35) increasing investor
and customer sensitivity to social and sustainability issues,
including climate change; (36) provisions in our governing
documents and Delaware law that may have anti-takeover effects;
(37) issuances of equity that would dilute stock ownership; (38)
weakness, disruption or loss of confidence in financial or credit
markets; and (39) 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 news 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, except as otherwise required by
law.
CONTACT: |
Saia, Inc. |
|
Douglas Col |
|
Executive Vice President and
Chief Financial OfficerInvestors@saia.com |
|
|
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