Chambers Named Saia's Chief Financial Officer
06 May 2019 - 9:30PM
Saia, Inc. (Nasdaq: SAIA), a leading transportation provider
offering multi-regional less-than-truckload (LTL), non-asset
truckload, expedited and logistics services, announced today that
Rob Chambers has been named the company's new Vice President and
Chief Financial Officer (CFO). In this position, he will provide
oversight of Saia's finance, accounting and treasury functions
while partnering with Saia’s leadership team to provide strategic
leadership and risk management.
"Rob brings a wealth of knowledge to his new position," said CEO
Rick O'Dell. "With his extensive experience in supply chain and
logistics finance positions throughout his career, Rob possesses
the knowledge and experience to provide broad-based business
acumen, financial leadership and risk management to impact the
business beyond the finance function."
Chambers most recently served as the Vice President of
Commercial Finance for Americold Logistics LLC. Prior to that, he
served in financial leadership roles with Ceva Logistics following
a tenure at KPMG. He holds a bachelor's degree in business
administration and masters of accountancy from the Stetson
University.
Fritz Holzgrefe, Saia's CFO since 2014, will continue in his
role as Saia’s President and COO.
Chambers will be based at Saia’s headquarters in Johns Creek,
Ga.
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 163 terminals across 42 states. For more
information on Saia, Inc. visit the Investor Relations section at
www.saia.com.
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. 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; (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 or equipment, 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.Doug
Coldcol@saia.com678.542.3910
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