Saia Stock Forecast, Price & News (NASDAQ:SAIA) NASDAQ:SAIA Saia (SAIA) Stock Forecast, Price & News $405.19 +1.47 (+0.36%) (As of 08/18/2023 ET) Compare Today's Range $392.89 $408.58 50-Day Range $305.24 $429.06 52-Week Range $176.70 $443.85 Volume 612,730 shs Average Volume 465,845 shs Market Capitalization $10.75 billion P/E Ratio 32.18 (adsbygoogle = window.adsbygoogle || []).push({}); Looking at the SAIA split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Saia (SAIA) has 1 split in our SAIA split history database. This website is using a security service to protect itself from online attacks. Shipping Furniture with FedEx FedEx furniture shipping is another solid option. Source: International Directory of Company Histories, Vol. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support. "As you look back over the last couple of years," says O'Dell, "the freight environment has been good and there are still carriers going out of business. Get short term trading ideas from the MarketBeat Idea Engine. The Preston Corporation is a holding company for three trucking lines: Preston Trucking Company, Saia Motor Freight Line, Inc., and Smalley Transportation Company, which together provide long- and short-haul freight transportation services throughout the eastern United States. However, as the company expands its geographic coverage, he says there may be some advantage in using rail, particularly in lanes where rail offers expedited service. googletag.pubads().collapseEmptyDivs(); The CEO also downplayed forecasts of a significant contraction in the freight market. The ordinance followed complaints about commercial vehicles crowding roads and blocking a brewery. googletag.cmd.push(function() { Yellow spinning off LTL subsidiaries | FleetOwner Such charges shall be in addition to all other applicable charges. came to national prominence again recently, said the company should try to drones with stun guns to combat mass shootings, would vote against confirming both companies' boards, Trucking heavyweight Saia will no longer transport firearms, Freight Waves. Tara Bosch faced certain challenges as the young woman founder of SmartSweets. Holzgrefe made reference on the call several times to seeing a gap between Saias performance and that of other major LTL carriers, though he did not identify any by name. The current pullback remains mild, and the stock is getting support well above key moving averages. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. By Closing the Gaps in Your Safety Training Program, Employers Risk Getting Ensnarled in Ideological Agendas. Salary information comes from 570 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Saia LTL Freight salaries: How much does Saia LTL Freight pay? 5 What is the difference between a carrier and a freight forwarder? Should you invest $1,000 in Saia right now? Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Despite this steady growth, Preston suffered the consequences of friction between its supervisors and its unionized work force, which by 1978 had come to a head. The company is bolstering growth with a series of new terminal and facility openings. googletag.pubads().enableSingleRequest(); Hailed by analysts as a smart buy, Saia hauled less-than-truckload freight throughout the Southeast and the energy belt, including Texas, Arkansas, and Oklahoma. All rights reserved. To add to the gains in productivity this brought, the trucker attempted to suppress skyrocketing health care costs by restructuring its insurance programs and emphasizing safe working conditions. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); See what's happening in the market right now with MarketBeat's real-time news feed. It's currently beneath both its 10- and 21-day averages, and I'd prefer to see it begin to trade higher again, regaining one or both of those lines, before investors initiate a buy. How long is Saia shipping? - EasyRelocated googletag.enableServices(); window.googletag = window.googletag || {cmd: []}; View Virgin Galactic Holdings, Inc. (NYSE:SPCE) Shares Acquired by Mirae Asset Global Investments Co. Ltd. View Buffett Just Bought These 3 Stocks: Should You Invest Too? SKYW Split History SMX (Security Matters) Public Limited Company (SMX), Wheeler Real Estate Investment Trust, Inc. (WHLR), stock quote data powered by Ticker Technologies, Saia, through its subsidiaries, is a transportation company. This year it was up 6%. We basically replace one-twelfth of our fleet every year. Will Girl Scouts Be the Next Supply Chain Leaders? LTL shipping involves the transportation of smaller shipments that do not require a full truckload. How Saia has grownO'Dell says that customers are requesting a broad geographic coverage through a direct delivery network that offers aggressive transit times. With this growth, Preston's net earnings reached $6.3 million in 1981. Earnings grew at double- or triple-digit rates in six of the past eight quarters. Before you consider Saia, you'll want to hear this. Who is the new host of Dancing with the Stars? His vision is to become best in class with coverage across North America with direct delivery capabilities. A.J. The carrier is filling its real estate pipeline, positioning itself for growth over the next several years. What happened Shares of less-than-truckload (LTL) carriers XPO ( XPO 0.33%) , Old Dominion Freight Line ( ODFL 0.56%), and Saia ( SAIA 1.43%) were all climbing the charts this week on signs. For the full year, Wall Street expects Saia to earn $9.14 per share, which would mark a 76% increase. How Much Does Saia LTL Freight Pay in 2023? (1,078 Salaries) But in the past month Saia stock is down 14.6%, and is down 33.2% for the past three months. Heres a list of locations. In the same year, Preston Trucking suffered a setback when its general administrative offices in Preston, Maryland, burned to the ground in a late-night fire. It's part of a strategy to expand door count by replacing a smaller facility with a larger facility, the company said. Saia Stock Forecast, Price & News (NASDAQ:SAIA) - MarketBeat But the rating indicates that analysts have confidence in the stock's longer-term prospects. He said significant increases in truckload or LTL capacity are not expected. Kate Stalter is a Series 65-licensed asset manager, with more than two decades of experience in various areas of financial services. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies. Although it has to manage driver shortages in some pockets, it has nowhere near the problems of truckload carriers, claims O'Dell. We do a great deal of research on those matters. SAIA Tracking | Track Saia Parcel & Shipment Delivery - Ship24 By 1942 things were looking up, and Preston paid the first cash dividend on its stock. The collision avoidance system keeps drivers aware of safe following intervals and warns of potential hazards. Andrey is a coach, sports writer and editor. As far as keeping up with current technology, Saia purchased 300 tractors within the past year that employ an Eaton Vorad (Vehicle On-board Radar, truck.eaton.com/vorad) system. ", https://www.facebook.com/MaterialHandlingLogistics, https://www.youtube.com/channel/UCTO3PUFzLZbmdcva2Lq_bAQ, When Saia Motor Freight Line, Inc. (Duluth, Ga., www.saia.com) acquired Madison Freight Systems, Inc. (MFS, Waunakee, Wis.) in early February, it was, Empower your staff with mobile Monitoring and Control, Tips on Creating Digitized On-Prem Data Centers and Smart Buildings Using Edge Computing Platforms, Rapidly Modernize HMI/SCADA and Maximize Reliability Using Edge Computing Platforms, Stratus Global System Integrator Program Guide, Latest from Transportation & Distribution, Seaports to Deploy Over 370,000 AGVs by 2030, Cargo Volume In August to Hit Highest Level Since Last Fall. CEOs "see the risk of taking a position as exceeding the return," James O'Rourke, Norte Dame professor, told ABC News. Revenue was $616.22 million for the quarter, topping estimates by 8.35%, and a rise of 28% over the year-ago revenue of $481.37 million. Analysts noted terminals will play a central role in the companys shutdown. "If you look at someone in truckload," he says, "if they're replacing all their trucks every three years, they can pre-buy and maybe not buy for a whole year and save on a third of their fleet when dealing with a situation like the need to buy new engines to meet new government regulations. Compare all Driver salaries in the United States Jobs Line Haul Truck Driver Fredericksburg, VA Easily apply Growth slowed in the fourth quarter of 2019 and the second quarter of 2020, but the company managed to grow annual earnings in both those years. Do you have to be home for FedEx home delivery? SBLK Split History . In Q3, Saia recorded a $4.3 million gain from selling a terminal. Associated Press Trucking heavyweight Saia will no longer transport firearms, Freight Waves reported Monday. Users need the tracking number to locate the packages and the transport time of the trucks. Saia operates as a regional LTL carrier, focusing on efficient and reliable . By 1986, Saia was one of the largest regional LTL carriers in the country, with 23 terminals across five Southeastern states, approximately 1000 employees and over $50 million in revenue. Get the inside scoop on todays biggest stories in business, from Wall Street to Silicon Valley delivered daily. We use our customer service indicators to measure our performance and are always looking for continuous improvement. Tonnage was up 11.2%, shipments rose 7.5% and revenue per shipment excluding fuel rose a strong 25.7%. The medical benefits and different insurance policies is pretty similar, not much difference. Its currently beneath both its 10- and 21-day averages, and Id prefer to see it begin to trade higher again, regaining one or both of those lines, before investors initiate a buy. }); NOVEMBER 7-9, 2023 CHATTANOOGA, TN IN-PERSON EVENT. Trucking Company Saia Will No Longer Transport Guns, Firearms The company will still move individual parts of guns and ammunition, Freight Waves added. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. He created the Dated Brent benchmark, now the worlds most important crude oil marker. The following year, as Preston celebrated its fiftieth anniversary, revenues exceeded $200 million, and the company became the United States' ninth-largest trucker, based on profits. U.S. freight rates increased 28% year over year, but declined nearly 2% month over month in July, according to new data from Cass Information Systems. Average Saia LTL Freight Truck Driver hourly pay in the United States is approximately $30.10, which is 34% above the national average. SCS changed its name to Saia to reflect the company's present focus. The thing we like about organic growth is were in control of regulating it up or down if there was a scenario in which we didnt feel comfortable executing, he said. Customer service is available at the telephone number: 1-800-765-7242. Founded in 1924, SAIA is an American trucking company that offers less than truckload, non-asset truckload, and logistic services. Debt dropped to $4.9 million from $66 million a year ago. By Paul Birkhead November 05, 2019 A Comparison of LTL Freight Additional Service Fees LTL Freight Freight Service Fees LTL Freight Service Fee Comparison Guide If you use LTL freight carriers to ship your goods, you're probably concerned about costs. How Transparent Should You Be with Employees During Times of Uncertainty? While Saia currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. For us it's more like 7 or 8% of our fleet is impacted by a spec change. It can seem counterintuitive that analysts are recommending a stock as a buy, when they also expect a price drop in the next 12 to 18 months (or sooner). SAIA - Overview, News & Competitors | ZoomInfo.com Using its traditional operating area of the northeast as a base, the company introduced 'Gold Rush' service to California and Nevada and, pushing beyond the shores of the continental United States, began shipping goods to Puerto Rico and the Caribbean under the name 'Velero.' Saia's tonnage declines carry into Q1 - FreightWaves Tonnage for the entire fourth quarter was down 7.7%, which is in line with the February decline, suggesting not all that much has changed. Saia opened two new terminals in the first quarter, one near Chicago and the other near Parkersburg, West Virginia. Preston managed to avoid losses throughout this time. The company kept its prices two to three percent higher than those of its rivals for the first half of 1985, before deciding that it was losing too much business and pronouncing its experiment a failure. Our daily ratings and market update email newsletter. It may not be complete. Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds. SAIA is lower by -$8.13 from the previous closing price of $297.77 on volume of 360,426 shares. Goldman Sachs' Jordan Alliger asked, "How is the best way to think about 2022? Also that year, in an effort to cap ever-growing health insurance-related expenses, the company announced a controversial policy of limiting insurance benefits for employees stricken with acquired immune deficiency syndrome (AIDS). A 24-day Teamster strike in 1994 resulted in more . googletag.pubads().enableSingleRequest(); Saia LTL Freight Tracking - AfterShip Saia has at least found land in Virginia. In 1973 Preston bought Kirby Transfer & Storage, and later that year, the company was given permission by the Interstate Commerce Commission (ICC), which regulated the trucking industry, to acquire the American Transfer Company. Are These 3 Travel-Related Stocks Actionable After Big Rallies? At present, Saia covers the Northeast, one of two regions of the United States where it does not have direct coverage, with partner relationships. The downturn for the industry started in late summer after roughly two years of volume gains. But he added that number was not the end of the process, and that in recent quarters, performance has exceeded the number on the renewals. Transportation conglomerate Yellow Corp. plans to spin off its regional LTL subsidiaries Saia Motor Freight and Jevic Transportation by year's end. Saia's latest "rules tariff," (which describes prices and other policies) is dated Monday and has on its list of banned or restricted items, "Firearms to include handguns, rifles, assembled and unassembled.". We focus on the customers first, and that allows us to push the pricing around that, Holzgrefe said on the call. That number led Mehrotra to say that Deutsche Bank believes that underlying profitability is higher than the 84.4% OR SAIA has reported when adjusting for much higher purchased transportation costs which we believe is more cyclical than the pricing gains.. This will give you the truck load transit time. "Truckload turnover for drivers is about 130% per year," he says. Growing to $5.5 million in the first nine months of 1983, profits increased by one-third over 1982 levels. Next year, thats pegged at $11.25 per share, a gain of 23%. A year earlier, it was $53.3 million. Dec 1, 2021, This story originally appeared on MarketBeat. Although Saia does not do much business with Canada or Mexico, it does have partner carriers for both countries. In 1979 the company hired a management consulting firm to conduct a survey of employee attitudes at its Detroit and York, Pennsylvania, freight terminals and to advise it on how to declare a truce in the ongoing guerilla war between supervisors and workers. Finally, we can read about how these great companies came about with Company Histories.. Get detailed information with maximum possible attributes about your shipments, latest status and location. F3 combines innovation and entertainment featuring live demos, industry experts discussing freight market trends for 2024, afternoon networking events, and Grammy Award-winning musicians performing in the evenings amidst the cool Appalachian fall weather. PRESTON CORPORATION Address: 151 Easton Boulevard Preston, Maryland 21655 U.S.A. Telephone: (410) 673-7151 Fax: (800) 551-7737, ext. Hogan: Strong quarter for Covenant but costs of trucking keep rising. In the wake of the fire, part of the home office staff was displaced to temporary quarters nearby so the company could rebuild. 326 E 8th St #105, Sioux Falls, SD 57103 For any specific questions or remarks, it is recommended to contact the relevant department. How much does a Dock Worker make at Saia LTL Freight in the United States? }); googletag.cmd.push(function() { 8 Best Artificial Intelligence Stocks Under $10, This is a Social Media Stock Unlike Any Other, 3 High Dividend REITs That Analysts Are Bullish On. Periodic unpredictability and volatility are near certainties in business, and in response, leaders are left with the choice of being truly open with employees or not. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. Discounted freight rates, increased costs--due in part to the need to hire and train new workers--and lower efficiency, however, combined to hamper profitability.