Saia Inc SAIA

Saia's Growth Outlook Favorable Thanks to Yellow Terminal Acquisitions and Share Gains

Saia ranks among the 10 largest less-than-truckload, or LTL, carriers by revenue and is a top-tier operator in terms of profitability and service quality. Pure-play public competitors of similar quality include XPO and best-in-class Old Dominion. Saia was historically a super-regional carrier, serving 34 states across the South, Southwest, Midwest, Pacific Northwest and West. That said, in 2017, it launched an organic expansion strategy into the Northeast, while more recently boosting door capacity and service capabilities in existing regions with solid long term growth prospects such as Dallas and Atlanta. Saia has opened more than 40 new terminal facilities since 2017, with about half of those opened over the past few years, bringing the total to more than 190.