Saia Inc Profile
Saia, Inc., through its wholly-owned subsidiaries, operates as a transportation company.
The company provides less-than-truckload (LTL) services through a single integrated organization. While more than 97% of the company's revenue is derived from transporting LTL shipments, the company also offers customers a wide range of other value-added services, including non-asset truckload, expedited and logistics services across North America.
Saia Motor Freight Line, LLC (Saia LTL Freight), a wholly-owned subsidiary of the company, is a leading LTL carrier that serves 45 states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers. Saia LTL Freight specializes in offering its customers a range of LTL services, including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds.
As of December 31, 2023, Saia LTL Freight operated a network comprised 198 owned and leased facilities, including three general offices and one warehouse. At December 31, 2023, Saia LTL Freight owned approximately 6,500 tractors and 22,100 trailers, including equipment acquired with finance leases.
Business Strategy
The key elements of the company's business strategy are to continue to focus on operating safely; manage business mix; increase density in existing geographies; continue to focus on delivering best-in-class service; continue growing the organization through an enhanced geographic terminal footprint; and continue to address environmental and social issues.
Seasonality
The company's revenues are subject to seasonal variations. Customers tend to reduce shipments after the winter holiday season, and the company's operating expenses tend to be higher as a percent of revenue in the winter months primarily due to lower capacity utilization and weather effects.
Regulation
The Federal Motor Carrier Safety Administration (FMCSA) established the Commercial Driver's License Drug and Alcohol Clearinghouse (DAC) in 2020, which is a database that discloses drug and alcohol violations of commercial motor vehicle drivers. The DAC requires the company to check for current and prospective employee's drug and alcohol violations and annually query for violations of each driver the company employs.
As a transportation provider of foodstuffs, the company is subject to rules and regulations issued by the Food and Drug Administration (FDA) to provide for the security of food and foodstuffs throughout the supply chain.
Trademarks and Patents
The company has registered several service marks and trademarks in the United States Patent and Trademark Office, including Saia Guaranteed Select, Saia Customer Service Indicators, and Saia Xtreme Guarantee.
History
Saia, Inc. was founded in 1924. The company was incorporated in 2000.
