Saia Provides First Quarter LTL Operating Data
05 March 2024 - 8:05AM
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 first quarter. In
January 2024, LTL shipments per workday increased 11.8%, LTL
tonnage per workday increased 3.3% and LTL weight per shipment
declined 7.5% to 1,334 pounds. In February 2024, LTL shipments per
workday increased 19.0%, LTL tonnage per workday increased 11.0%
and LTL weight per shipment declined 6.7% to 1,311 pounds.
These changes are summarized in the table
below:
|
January 2024 versus January
2023 |
|
February 2024 versus February
2023 |
LTL Shipments per workday |
|
11.8 |
% |
|
|
19.0 |
% |
LTL Tonnage per workday |
|
3.3 |
% |
|
|
11.0 |
% |
LTL Weight per shipment |
|
-7.5 |
% |
|
|
-6.7 |
% |
|
|
|
|
|
|
|
|
Actual first 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, 2023, 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) unexpected liabilities resulting from
the acquisition of real estate assets; (10) 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; (11)
failure to keep pace with technological developments; (12)
liabilities and costs arising from the use of artificial
intelligence; (13) labor relations, including the adverse impact
should a portion of our workforce become unionized; (14) cost,
availability and resale value of real property and revenue
equipment; (15) supply chain disruption and delays on new equipment
delivery; (16) capacity and highway infrastructure constraints;
(17) risks arising from international business operations and
relationships; (18) seasonal factors, harsh weather and disasters
caused by climate change; (19) economic declines in the geographic
regions or industries in which our customers operate; (20) the
creditworthiness of our customers and their ability to pay for
services; (21) our need for capital and uncertainty of the credit
markets; (22) the possibility of defaults under our debt
agreements, including violation of financial covenants; (23)
inaccuracies and changes to estimates and assumptions used in
preparing our financial statements; (24) failure to operate and
grow acquired businesses in a manner that support the value
allocated to acquired businesses; (25) dependence on key employees;
(26) employee turnover from changes to compensation and benefits or
market factors; (27) increased costs of healthcare benefits; (28)
damage to our reputation from adverse publicity, including from the
use of or impact from social media; (29) failure to make future
acquisitions or to achieve acquisition synergies; (30) 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; (31) the potential of
higher corporate taxes and new regulations, including with respect
to climate change, employment and labor law, healthcare and
securities regulation; (32) 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;
(33) unforeseen costs from new and existing data privacy laws; (34)
costs from new and existing laws regarding how to classify workers;
(35) changes in accounting and financial standards or practices;
(36) widespread outbreak of an illness or any other communicable
disease; (37) international conflicts and geopolitical instability;
(38) increasing investor and customer sensitivity to social and
sustainability issues, including climate change; (39) provisions in
our governing documents and Delaware law that may have
anti-takeover effects; (40) issuances of equity that would dilute
stock ownership; (41) weakness, disruption or loss of confidence in
financial or credit markets; and (42) 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 ColExecutive Vice President and
Chief Financial OfficerInvestors@saia.com |
|
|
|
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