Topic
saia
Logistics Saia CEO: How We Built a National LTL Network & Cut Transit Times
Saia has opened 70 LTL terminals since 2017, cutting transit times and doubling Atlanta metro market share, CEO Fritz Holzgrefe told FreightWaves. The network now serves Trenton, N.J., to Texas in three days, while a July rate increase and two wage hikes are passing through customer costs.
Logistics Saia’s Softer Q3 Margin Guidance Triggers 12% Share Drop Despite Record Q2 Results
Saia reported record second-quarter earnings but its third-quarter margin guidance disappointed investors, sending shares down 12%. New service centers continue to drag on margins, though they improved 300 basis points in Q2. The carrier implemented a 7.1% general rate increase in July and expects full-year margin improvement at the lower end of its guidance range.
Logistics Saia Launches REV Initiative to Accelerate Transit, Expand Services and Boost Visibility
Saia launched REV, a company-wide initiative focused on faster transit times, expanded logistics and final-mile capabilities, and enhanced real-time tracking. The initiative responds to growing customer demand for speed, predictability, and transparency in freight.
For a third month in a row, Saia opens new terminals in Duluth and Columbia
Less-than-truckload carrier Saia has opened new terminals in Duluth, Minnesota and Columbia, Missouri, marking the third consecutive month of network expansion. The company did not open any new terminals in 2025 but had ten openings in 2024, partly from real estate acquired after Yellow Corp's bankruptcy. CEO Frederick Holzgrefe noted $1.8 billion invested in network and fleet over 36 months.
Logistics Saia's Tonnage Growth Surges Amid Market Shifts
Saia's tonnage growth accelerated by 8.4% year-over-year in May, driven by increased shipment weights and a softer prior-year comparison. This growth reflects a strengthening less-than-truckload (LTL) market.