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JOHNS CREEK, Ga., Nov. 30, 2022 (GLOBE NEWSWIRE) — Saia, Inc. (NASDAQ: SAIA ), a leading transportation provider offering the nation’s less-than-truckload (LTL), idle truck, freight forwarding and logistics services, provides LTL shipment and tonnage data for the first two months of the fourth quarter. In October 2022, LTL final shipment per business day was down 4.4%, LTL tonnage per business day was down 3.0%, and LTL weight per shipment was up 1.4% to 1,445 pounds compared to from 1,425 pounds in October 2021 was down 8.6%, LTL tonnage per business day was down 7.7% and LTL weight per shipment was up 1.0% to 1,427 pounds compared to 1,413 pounds in November in 2021
Actual fourth quarter and annual shipments, tonnage and weight per shipment may differ materially from those expressed in this press release, including due to the risk factors included in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year then ended December 31, 2021 and in other filings with the Securities and Exchange Commission. The information herein is as of the date of this press release and is subject to change. Saia has no obligation and expressly disclaims any obligation to update or modify such information, whether as a result of new information, future events or otherwise, except as required by law.
Saia, Inc. (NASDAQ: SAIA) offers customers a wide range of light cargo, non-asset trucking, expedited and logistics services. Headquartered in Georgia, Saia LTL Freight operates 187 terminals in 45 states. For more information about Saia, Inc. visit the Investor Relations section at www.saia.com/about-us/investor-relations.
Note Regarding Forward-Looking Statements
The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This press release may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “may”, “plan”, “anticipate”, “believe”, “should” and similar words or expressions have for the purpose of identifying forward-looking statements. Investors should not place undue reliance on forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. All forward-looking statements reflect our management’s current expectations of future events as of the date of this press release and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. refer to the future. These factors, risks, uncertainties and assumptions include, but are not limited to, (1) general economic conditions including downturns or periods of inflation in the business cycle; (2) operating in a highly competitive industry and being adversely affected by downward pricing pressures, including in connection with fuel surcharges and other factors; (3) industry-wide external factors that are largely beyond our control; (4) costs and availability of qualified drivers, dock and other employees, purchased transportation and fuel; (5) inflationary increases in operating costs and corresponding decreases in profitability; (6) expense claims and other expense volatility, including personal injury, cargo loss and damage, workers’ compensation, employment and group health plan claims; (7) the cost and availability of insurance coverage, including the possibility that the company may be required to pay additional premiums, assume additional liability under its auto liability policies, or be unable to obtain insurance; (8) failure to successfully implement a strategy to expand the geography of our services; (9) costs and liabilities due to the interruption or failure of our technology or equipment essential to our business, including as a result of cyber incidents, security breaches, malware or ransomware attacks; (10) failure to keep pace with technological developments; (11) labor relations, including the adverse impact if a portion of our workforce becomes unionized; (12) price, availability and resale value of real estate and equipment for income; (13) supply chain disruption and delays in delivery of new equipment; (14) limitations of highway capacity and infrastructure; (15) risks arising from international business operations and relationships; (16) seasonal factors, severe weather and disasters caused by climate change; (17) economic downturns in the geographic regions or industries in which our clients operate; (18) the creditworthiness of our customers and their ability to pay for services; (19) our need for capital and the uncertainty of the credit markets; (20) the possibility of default under our debt agreements, including breach of financial covenants; (21) failure to operate and grow the acquired businesses in a manner that supports the value assigned to the acquired businesses; (22) dependence on key employees; (23) employee turnover from changes to compensation and benefits or market factors; (24) increased costs of health benefits; (25) damage to our reputation due to negative publicity, including the use of or influence from social media; (26) inability to make future acquisitions or achieve acquisition synergies; (27) the effect of litigation and class actions arising from the operation of our business, including the possibility of claims or judgments that exceed our insurance or that result in increased insurance costs or that prevent us from obtaining adequate insurance in the future; (28) the potential for higher corporate taxes and new regulations, including with respect to climate change, employment and labor laws, health care and securities regulations; (29) the effect of government regulations, including hours of service and driver’s license compliance, engine emissions, the Compliance, Safety, Accountability (CSA) initiative, Food and Drug Administration and homeland security regulations, and health and environmental regulations; (30) unanticipated costs from new and existing data privacy laws; (31) changes in accounting and financial standards or practices; (32) a widespread outbreak of disease or any other infectious disease, including the COVID-19 pandemic, or any other health crisis or business disruption and higher costs that may arise due to the COVID-19 pandemic in the future, including government regulations requiring it that employees are vaccinated or regularly tested for COVID-19 before reporting to work; (33) increasing the sensitivity of investors and buyers to social and sustainability issues, including climate change; (34) provisions in our applicable documents and Delaware laws that may have anti-takeover effects; (35) issuance of shares that would dilute ownership of shares; and (36) other financial, operational and legal risks and uncertainties identified from time to time in the Company’s filings with the SEC.
As a result of these and other factors, no assurance can be given as to our future results and achievements. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. Undue reliance should not be placed on forward-looking statements, which speak only as of the date of this release. We are under no obligation, and we expressly disclaim any obligation, to update or change any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
CONTACT: |
Saia, Inc. |
Douglas Col |
|
Executive Vice President and Chief Financial Officer |

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