Saia, Inc. (SAIA)

In the past six months, Saia's stock price as of March 31, 2026, was 351.28 USD, with a 52-week range between 229.12 USD and 430.11 USD, increasing by 17.87%, but underperforming the US Transportation industry and the broader US Market over the past year. In February 2026, Saia reported mixed Q4 2025 results with revenue beating forecasts but diluted EPS missing expectations, leading to a stock decline, and the operating ratio deteriorated. Despite these challenges, Saia plans continued national network expansion and projects an improved operating ratio for 2026. Recent operating data indicated a decline in LTL shipments and tonnage per workday, with January tonnage affected by severe weather, while analysts raised or adjusted price targets based on operating data and freight trends.

Saia's revenues are subject to seasonal variations, with the first quarter typically being the weakest and the second and third quarters generally the strongest. Customers tend to reduce shipments after the winter holiday season, and operating expenses are often higher as a percentage of revenue during the winter months due to lower capacity utilization and weather effects. In 2025, the company experienced flat shipments from February to March, causing first-quarter revenues to fall below expectations due to an uncertain macroeconomic environment. In January 2026, tonnage was affected by severe weather, and February appeared slightly below normal seasonality when adjusted for the weather-impacted baseline in January. Historically, implied volatility for SAIA tends to rise most in January and decline to its lowest levels in May.

Saia, Inc., headquartered in Johns Creek, Georgia, operates in the Industrials sector, providing less-than-truckload (LTL) services, transporting shipments between 100 and 10,000 pounds, and also offers non-asset truckload, expedited, and logistics services across North America. Its major products and services include Saia LTL Freight, Saia Logistics Services, and LinkEx, with offerings such as guaranteed delivery, retail delivery, cross-border shipping, offshore shipping, distribution, trade show services, customs clearance, and final mile delivery, serving diverse industries like retail, chemical, and manufacturing.

Saia, Inc. directly serves the 48 contiguous United States through a network of over 210 terminals, operating 213 owned and leased terminals as of December 31, 2025. The company has been actively expanding its network, opening new terminals in various locations, including North Dakota, Montana, California, Iowa, Ohio, Kentucky, New Jersey, and Utah in 2024. Through partnerships, Saia extends its services to Alaska, Hawaii, Puerto Rico, Mexico, and Canada.

Saia has received positive recognition, being named a "Top Company for Women to Work in Transportation" in November 2024 and November 2023, recognized as a "2025 Green Supply Chain Partner" by Inbound Logistics in July 2025, and honored with a "2024 SmartWay Excellence Award" in October 2024. Saia has also engaged in notable partnerships, including joining the Atlanta Braves as an exclusive LTL Freight Partner in March 2025 and partnering with Joe Gibbs Racing in January 2025. In December 2024, Saia partnered with Tesla to launch two electric semis. However, there has been at least one customer complaint regarding inflated invoices.

Saia, Inc.'s ownership is predominantly institutional, with major asset managers holding a significant majority of outstanding shares, controlling over 97% of the company's stock as of early 2025. Major institutional owners include BlackRock, Inc., The Vanguard Group, T. Rowe Price Investment Management, AllianceBernstein L.P., and State Street Global Advisors. Individual insider ownership remains below 1%, with RCG Holdings LLC owning 5.39% of the company.