Saia's's (NASDAQ:SAIA) stock is up by a considerable 28% over the past month. Since the market usually pay for a...

Today we are going to look at Saia, Inc. (NASDAQ:SAIA) to see whether it might be an attractive investment prospect...

Saia, Inc. (NASDAQ: SAIA) announced today that Saia LTL Freight has deployed the industry-defining software RouteMAX, developed by Optym, an Optimization Intelligence (OI) company. Optym's RouteMAX is a dynamic route optimization software designed to streamline and speed pickup and delivery operations for the less-than-truckload (LTL) industry. Through the ability to quickly and accurately build routes, RouteMAX allows inbound planners to reduce fuel and labor costs, while consistently meeting all service commitments.

Saia, Inc. (NASDAQ:SAIA) investors will be delighted, with the company turning in some strong numbers with its latest...

Q1 2020 Saia Inc Earnings Call

Less-than-truckload (LTL) carrier Saia, Inc. (NASDAQ: SAIA) is seeing a sharp falloff in demand during April following a very strong operating performance in the first quarter of 2020.The Johns Creek, Georgia-based carrier reported first quarter earnings per share of $1.06 compared to analysts' forecasts of $0.81.On the company's first quarter 2020 earnings call, management said that so far through April total shipments are down 17% year-over-year with tonnage declining 13%. Of note, management called out specific weakness in energy-related demand in Houston and port-related activity in Los Angeles.During the first quarter, the carrier reported a total revenue increase of 8.7% year-over-year as tonnage grew 5.6% and revenue per hundredweight, or yield, increased 3.1%. On a year-over-year comparison, shipments increased 8% and 1.5% in January and February, respectively, but declined 2.5% in March. Key Performance Indicators – SaiaSaia's robust growth rates follow an aggressive expansion project in the Northeast that started in May 2017, accelerating with the closure of New England Motor Freight, Inc. in February 2019. Saia now has 19 terminals in the region, opening nine during 2019. In the first quarter, Saia operated 10 additional terminals compared to the prior year period, a significant contributor to the year-over-year revenue growth.During its fourth-quarter 2019 earnings call in February, the carrier announced plans to significantly slow network expansion in 2020, attempting to better integrate the Northeast region with its national network. On today's call, management said that it will continue to focus on increasing throughput and optimization at its current facilities rather than acquiring new terminals.Management said that price negotiations throughout the LTL industry remain "rational." During the first quarter, the company reported that contractual rates increased 4.6% year-over-year. The carrier implemented a 5.9% general rate increase (GRI) in early February. Management said that Saia is normally able to retain approximately 80% of new GRIs. They don't believe that COVID-19 headwinds will impact customer acceptance of this year's GRI as lower diesel fuel prices, down 5% in the first quarter, are making the increase more manageable for its customers.When pressed on future guidance or expectations, Saia's President and CEO Fritz Holzgrefe said "we're challenged to forecast next week much less the full quarter."In response to weaker shipments as a result of widespread business closures, the carrier has reduced its workforce by 16% through furlough, early retirements and reduced work hours for its part-time staff. The company has also lowered executive and performance-based compensation and suspended 401k contributions.At the beginning of April, the carrier increased paid time off by five days for full-time workers and one day for part-time staff. Management said that the company will incur an additional $10 million in benefits expense stemming from the increases in paid leave throughout the rest of the year.The company's consolidated operating ratio improved 170 basis points year-over-year to 91.3%, a first quarter record for the carrier.Saia ended the quarter with $47 million in cash and more than $300 million of available revolving credit capacity. The company's total debt increased $87 million year-over-year to $236 million, in part due to the terminal expansion project.Saia recorded $103 million in net capital expenditures (capex) in the quarter and expects capex to be lower than its original guidance of $250 million as it has deferred tractor deliveries. Management noted that investments in an LTL network can't be reduced for a prolonged period of time without causing service issues in the future. The company recorded net capex of $287 million in 2019 (including equipment acquired on capital leases) and $252 million in 2018. Holzgrefe succeeded Rick O'Dell as CEO on April 28. O'Dell, who served as CEO since 2006, has assumed the role of non-executive chairman, replacing Bert Trucksess who retired from the company's board after 28 years of affiliation with Saia. Holzgrefe joined Saia as the CFO in 2014, most recently serving as President and Chief Operating Officer since January 2019.Shares of SAIA are up more than 15% in midday trading.See more from Benzinga * Norfolk Southern Anticipates Some Cost Cuts As Permanent * Freight Futures Daily Curve: 4/29 * Ryder Sees A Steep Drop Coming In The Value Of Used Trucks(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

JOHNS CREEK, Ga., April 09, 2020 -- Saia, Inc. (NASDAQ: SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload,.

As it drives into 2020, the company is shifting its focus away from rapid terminal openings toward serving customers with the new terminals and managing costs to boost profits.

Saia, Inc. (SAIA) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Shares of Saia (NASDAQ:SAIA) rose 1.5% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share rose 24.71% year over year to $1.06, which beat the estimate of $0.82.Revenue of $446,396,000 rose by 8.72% from the same period last year, which beat the estimate of $440,250,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 29, 2020View more earnings on SAIATime: 12:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/c22vt56dRecent Stock Performance 52-week high: $107.00Company's 52-week low was at $56.35Price action over last quarter: down 9.57%Company Overview Saia Inc is a transportation company. The company through its wholly-owned subsidiaries provides less-than-truckload, non-asset truckload, expedited and logistics services across the United States. It generates revenues from the transportation of freight.See more from Benzinga * Sensient Technologies: Q1 Earnings Insights * Belden: Q1 Earnings Insights * BankUnited: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Saia (SAIA) delivered earnings and revenue surprises of 32.50% and 2.42%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Unfortunately for some shareholders, the Saia (NASDAQ:SAIA) share price has dived 31% in the last thirty days. Indeed...

Two more significant companies in the trucking and transportation field have implemented layoffs and furloughs.In response to an email query from FreightWaves, Doug Waggoner, the CEO of Echo Global Logistics, Inc. (NASDAQ: ECHO), said the third-party logistics provider (3PL) had a "small reduction" in staff this week that constitutes less than 5% of the company's workforce. In Echo's 10-K filing with the Securities and Exchange Commission for 2019, it listed 2,539 employees, up from 2,335 in 2015. "A large portion of these were furloughs and will come back as business conditions dictate," Waggoner wrote. Of those who were not furloughed but dismissed from the company, they were provided with severance, according to Waggoner. Although Echo is based in Chicago, Waggoner said the reductions took place at "many" but not all of its offices. The company's 10-k said Echo has approximately 30 locations. The Payroll Protection Plan part of the CARES Act to aid companies during the coronavirus pandemic is not available to a company like Echo because of its large size. The law's limit for a transportation company is 500 staff members or a revenue test that normally comes in around $30 million. Echo had $2.1 billion in revenue last year. Stock in Echo closed Thursday at $18.62/share. It is near its high of the past month, which was $18.94. Its low in the last month was $14.17; its 52-week high is $25.95.At less-than-truckload (LTL) carrier Saia, Inc. (NASDAQ: SAIA), spokeswoman Jeannie Jump told FreightWaves in an email that the company "temporarily re-aligned some sales functions, which included a furloughing of a small number of sales personnel."  Saia has the "intention of bringing them back as business levels warrant." No numbers on the size of the staff impacted was provided.Jump said Saia's outside salesforce is "now working remotely in a virtual sales environment. Our ability to pivot, adapt, and leverage technology has proven effective in this environment," she wrote in her email.Saia's 10-K said it had approximately 10,400 employees. It owns 77 facilities and leases 97 service centers.Saia's stock closed on April 9 at $83.34, just under the one-month high of $83.86. Its low during the one-month period was $61.46. Its 52-week high is $107See more from Benzinga * Few Markets Show Resilience This Week – FreightWaves NOW * FMCSA Waives Procedures For CDL Testing Officials * Rail Analysts Expect A Tough 6 Months(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

SAIA earnings call for the period ending March 31, 2020.

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Improvement in profitability and outperformance against the industry can be important characteristics in a stock for...

Less-than-truckload (LTL) carrier Saia, Inc. (NASDAQ: SAIA) reported a significantly better than expected first quarter, generating $1.06 in earnings per share compared to analysts' forecasts of $0.81.Total revenue increased 8.7% year-over-year to $446 million as tonnage grew 5.6% and revenue per hundredweight, or yield, increased 3.1%."First quarter results were marked by shipment volatility over the first couple of months and then after a strong start in March, we experienced a quick and meaningful downturn in business volumes across our network, as a result of the COVID-19 pandemic," stated Saia President and CEO Fritz Holzgrefe.Holzgrefe took the helm on April 28, replacing Rick O'Dell who served in that capacity since 2006. O'Dell has assumed the role of non-executive chairman replacing Bert Trucksess who retired from the company's board after 28 years of affiliation with Saia. Holzgrefe joined Saia as the CFO in 2014, most recently serving as President and Chief Operating Officer since January 2019. The press release also attributed the revenue growth to the company's multi-year expansion project in the Northeast. Saia opened 18 terminals in the region during the campaign, nine in the last year.View more earnings on SAIAThe company's consolidated operating ratio improved 170 basis points year-over-year to 91.3%, a first quarter record for Saia.The company ended the period with $47 million in cash and more than $300 million of borrowing capacity on its revolving credit facility. Saia reported $236 million in total debt with a net debt-to-capital ratio of 18.3%. Debt increased $87 million compared to the prior year period, in part due to the terminal expansion.The carrier spent $103 million in net capital expenditures in the quarter and plans to spend less on investments in 2020 than its original guidance of $250 million.Saia will host a conference call to discuss these results with analysts and investors today at 10 a.m. EDT. Key Performance Indicators – SaiaSee more from Benzinga * YRC Receives Grace Period For Union Benefits Amid 'Sharp Decline' * Echo, Saia Trim Their Staffs In Wake Of COVID-19 * Trucking Stocks Are Doing About As Miserable As The Broader Stock Market(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

JOHNS CREEK, Ga. , April 29, 2020 -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload,.

Saia (SAIA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Saia, Inc. (SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today announced the change in location of the Annual Meeting of Stockholders. The update was also announced in Saia, Inc.’s April 10, 2020 DEFA14A filing. Due to the public health impact of the coronavirus outbreak (COVID-19) and to support the health and well-being of our stockholders and other meeting participants, the Annual Meeting will be held in a virtual meeting format only.