Earnings summaries and quarterly performance for SAIA.
Executive leadership at SAIA.
Frederick J. Holzgrefe, III
Detailed
President & Chief Executive Officer
CEO
AR
Anthony R. Norwood
Detailed
Executive Vice President & Chief Human Resources Officer
MJ
Matthew J. Batteh
Detailed
Executive Vice President & Chief Financial Officer
PD
Patrick D. Sugar
Detailed
Executive Vice President of Operations
RR
Raymond R. Ramu
Detailed
Executive Vice President & Chief Customer Officer
Board of directors at SAIA.
DE
Di-Ann Eisnor
Detailed
Director
DR
Donald R. James
Detailed
Director
DE
Donna E. Epps
Detailed
Director
JC
Jeffrey C. Ward
Detailed
Director
JP
John P. Gainor, Jr.
Detailed
Director
KA
Kevin A. Henry
Detailed
Director
RW
Randolph W. Melville
Detailed
Director
RD
Richard D. O’Dell
Detailed
Chairman of the Board
SF
Susan F. Ward
Detailed
Director
Research analysts who have asked questions during SAIA earnings calls.
BO
Brian Ossenbeck
JPMorgan Chase & Co.
6 questions for SAIA
Also covers: ARCB, CHRW, CNI +18 more
JC
Jonathan Chappell
Evercore ISI
6 questions for SAIA
Also covers: ASC, CCEC, CHRW +21 more
JA
Jordan Alliger
Goldman Sachs
6 questions for SAIA
Also covers: ARCB, CSX, FDX +13 more
Ken Hoexter
BofA Securities
6 questions for SAIA
Also covers: ARCB, CHRW, CNI +21 more
RS
Ravi Shanker
Morgan Stanley
6 questions for SAIA
Also covers: AAL, ALGT, ALK +27 more
Eric Morgan
Barclays
5 questions for SAIA
Also covers: CSX, JBHT, KNX +3 more
JS
Jason Seidl
TD Cowen
5 questions for SAIA
Also covers: ARCB, CHRW, CSX +17 more
Stephanie Moore
Jefferies
5 questions for SAIA
Also covers: APG, ARCB, ARMK +30 more
Bascome Majors
Susquehanna Financial Group
4 questions for SAIA
Also covers: CHRW, CNI, CSX +20 more
Christian Wetherbee
Wells Fargo
4 questions for SAIA
Also covers: ARCB, CHRW, CNI +14 more
Christopher Kuhn
The Benchmark Company
4 questions for SAIA
Also covers: FWRD, HUBG, ODFL +1 more
DI
Daniel Imbro
Stephens Inc.
4 questions for SAIA
Also covers: ARCB, CHRW, CNI +23 more
SG
Scott Group
Wolfe Research
4 questions for SAIA
Also covers: AAL, ALGT, ALK +35 more
Tyler Brown
Raymond James Financial, Inc.
4 questions for SAIA
Also covers: CLH, CWST, MLM +7 more
BM
Ben Moore
Citigroup
3 questions for SAIA
Also covers: GATX, KEX, R +1 more
Thomas Wadewitz
UBS
3 questions for SAIA
Also covers: ALK, ARCB, CHRW +20 more
TW
Tom Wadewitz
UBS Group
3 questions for SAIA
Also covers: ARCB, CHRW, CNI +19 more
AR
Ariel Rosa
Citigroup
2 questions for SAIA
Also covers: ARCB, CHRW, CNI +16 more
CW
Chris Wetherbee
Wells Fargo & Company
2 questions for SAIA
Also covers: ARCB, CNI, CP +11 more
FC
Fadi Chamoun
BMO Capital Markets
2 questions for SAIA
Also covers: CAE, CNI, CP +2 more
Harrison Bauer
Susquehanna
2 questions for SAIA
Also covers: FWRD, GATX, GBX +3 more
JB
J. Bruce Chan
Stifel
2 questions for SAIA
Also covers: ARCB, CENN, CHRW +14 more
Reed Seay
Stephens Inc.
2 questions for SAIA
Also covers: ARCB, CHRW, FDX +7 more
RH
Richa Harnain
Deutsche Bank
2 questions for SAIA
Also covers: CHRW, CSX, FDX +7 more
BO
Brandon Oglenski
Barclays
1 question for SAIA
Also covers: AAL, ALGT, ALK +21 more
Joseph Lawrence Hafling
Jefferies
1 question for SAIA
Also covers: FWRD, GXO, RXO +3 more
Matthew Milask
Stifel Financial Corp.
1 question for SAIA
Also covers: FWRD, GXO, TFII
PB
Patrick Brown
Raymond James
1 question for SAIA
Also covers: BLX, CLH, CWST +8 more
RH
Richa Harned
Deutsche Bank
1 question for SAIA
Also covers: FDX, GXO, NSC
RH
Richard Hanan
Deutsche Bank
1 question for SAIA
Also covers: NSC
Recent press releases and 8-K filings for SAIA.
SAIA Provides January and February 2026 LTL Operating Data
SAIA
Demand Weakening
- SAIA, Inc. released its LTL operating data for January and February 2026 on March 3, 2026.
- In January 2026, LTL shipments per workday declined 2.1%, LTL tonnage per workday declined 7.0%, and LTL weight per shipment declined 5.1% compared to January 2025.
- For February 2026, LTL shipments per workday increased 0.3%, while LTL tonnage per workday declined 2.7% and LTL weight per shipment declined 3.0% compared to February 2025.
- Contractual renewals were 6.6% in January 2026 and 5.9% in February 2026.
- Quarter-to-date 2026, LTL shipments per workday declined 0.9%, LTL tonnage per workday declined 4.8%, and LTL weight per shipment declined 4.0% compared to the same period in 2025.
Mar 3, 2026, 12:45 PM
Saia Provides January and February 2026 LTL Operating Data
SAIA
Demand Weakening
- Saia, Inc. reported that LTL shipments per workday declined 2.1% in January 2026 compared to January 2025, but increased 0.3% in February 2026 compared to February 2025.
- LTL tonnage per workday declined 7.0% in January 2026 and declined 2.7% in February 2026, both compared to the respective prior year months.
- For the quarter to date (QTD) 2026 versus QTD 2025, LTL shipments per workday declined 0.9%, LTL tonnage per workday declined 4.8%, and LTL weight per shipment declined 4.0%.
- Contractual renewals were 6.6% in January 2026 and 5.9% in February 2026.
Mar 3, 2026, 12:30 PM
SAIA Reports Q4 and Full Year 2025 Results
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported Q4 2025 revenue of $790.0 million, a 0.1% increase compared to the prior year, and diluted earnings per share of $1.77.
- The Q4 2025 operating ratio was 91.9%, a deterioration from 87.1% in Q4 2024, primarily due to $4.7 million in increased self-insurance costs from adverse claim developments on prior year accidents.
- For the full year 2025, revenue reached a record high, increasing 0.8% compared to 2024, with an adjusted operating ratio of 89.6%.
- Volume trends in Q4 2025 showed shipments per day down 0.5% and tonnage per day down 1.5% year-over-year. January 2026 volumes were also down, impacted by weather, but ex-weather shipments would have been slightly positive.
- Management anticipates 100-200 basis points of operating ratio improvement for the full year 2026, assuming a positive macroeconomic backdrop, and notes 20%-25% excess capacity in their network to absorb increased volume.
Feb 17, 2026, 10:08 PM
SAIA Reports Q4 and Full Year 2025 Results
SAIA
Earnings
Guidance Update
New Projects/Investments
- Saia's Q4 2025 revenue increased by 0.1% to $790 million, with diluted earnings per share of $1.77.
- The Q4 2025 operating ratio was 91.9%, a deterioration from 87.1% in Q4 2024, largely impacted by $4.7 million in unexpected adverse developments on self-insurance costs from prior years.
- For the full year 2025, revenue was a record, increasing 0.8% compared to 2024, and the adjusted operating ratio was 89.6%.
- The company has invested over $2 billion in capital over the last three years to expand its national network and currently possesses 20%-25% excess capacity, positioning it to scale with an improved macroeconomic environment.
- Saia expects to achieve 100-200 basis points of operating ratio improvement in 2026 in a steady market, with a long-term target of a sub-80 operating ratio.
Feb 10, 2026, 3:00 PM
SAIA Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
SAIA
Earnings
Guidance Update
New Projects/Investments
- SAIA reported Q4 2025 revenue of $790 million, a 0.1% increase, with diluted EPS of $1.77 and an operating ratio of 91.9%. For the full year 2025, revenue increased 0.8% with an operating ratio of 89.1%.
- For 2026, the company expects 100-200 basis points of operating ratio improvement and anticipates 30%-40% incremental margins in an upturn environment, leveraging 20%-25% excess capacity across its network.
- Strategic investments over the past three years totaled over $2 billion in real estate, revenue equipment, and technology, including the opening of 39 terminals since 2022, which operated profitably in 2025.
- SAIA expects to be free cash flow generative in 2026 and plans to balance shareholder returns, such as buybacks and dividends, with future investment opportunities.
Feb 10, 2026, 3:00 PM
SAIA Reports Q4 2025 Results and Provides 2026 Outlook
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported Q4 2025 revenue of $790 million, a record for any quarter, representing a 0.1% increase year-over-year, while diluted earnings per share decreased to $1.77 from $2.84 in Q4 2024. The operating ratio for the quarter increased to 91.9% compared to 87.1% a year ago.
- For the full year 2025, revenue was a record, increasing 0.8% compared to 2024, with an adjusted operating ratio of 89.6%. The company has invested over $2 billion in its network expansion, revenue equipment, and technology over the past three years.
- Volume trends in Q4 2025 included a 1.5% decrease in tonnage and a 0.5% shipment decline. January 2026 shipments per day were down 2.1% and tonnage per day down 7% due to weather impacts, though ex-weather shipments would have been slightly positive. SAIA anticipates a full-year 2026 operating ratio improvement of 100-200 basis points.
Feb 10, 2026, 3:00 PM
SAIA Reports Fourth Quarter and Full Year 2025 Results
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported diluted earnings per share of $1.77 for Q4 2025, a decrease from $2.84 in Q4 2024, and $9.52 for the full year 2025, down from $13.51 in 2024.
- Revenue for Q4 2025 increased slightly by 0.1% to $790.0 million, while operating income decreased by 36.9% to $64.0 million, resulting in an operating ratio of 91.9%.
- For the full year 2025, revenue increased by 0.8% to $3.2 billion, with operating income decreasing by 27.0% to $352.2 million.
- The company's Q4 2025 results were impacted by approximately $4.7 million in elevated self-insurance related costs.
- SAIA anticipates net capital expenditures for 2026 to be between $350 million and $400 million.
Feb 10, 2026, 12:45 PM
Saia Reports Fourth Quarter and Full Year 2025 Results
SAIA
Earnings
Guidance Update
Demand Weakening
- Saia reported diluted earnings per share of $1.77 for the fourth quarter of 2025, a decrease from $2.84 in the fourth quarter of 2024, and full-year diluted earnings per share of $9.52 for 2025, down from $13.51 in 2024.
- Revenue increased by 0.1% to $790.0 million in Q4 2025 and by 0.8% to $3.2 billion for the full year 2025.
- Operating income for Q4 2025 decreased by 36.9% to $64.0 million, resulting in an operating ratio of 91.9% compared to 87.1% in the prior year quarter.
- The company ended 2025 with $19.7 million of cash on hand and $164.0 million in total debt.
- Net capital expenditures were $544.1 million in 2025, and are anticipated to be approximately $350 million to $400 million in 2026.
Feb 10, 2026, 12:30 PM
SAIA Reports October and November 2025 LTL Operating Data
SAIA
Demand Weakening
Guidance Update
- SAIA, Inc. released its LTL operating data for October and November 2025 on December 2, 2025, covering the first two months of the fourth quarter.
- In October 2025, LTL shipments per workday declined 3.4% and LTL tonnage per workday declined 3.3% compared to October 2024.
- In November 2025, LTL shipments per workday increased 2.6% and LTL tonnage per workday increased 1.8% compared to November 2024.
- For the combined October and November 2025 period, LTL shipments per workday were down 0.8% and LTL tonnage per workday was down 1.1% compared to the same period in 2024.
Dec 2, 2025, 12:45 PM
SAIA Reports Q3 2025 Results and Provides Q4 Outlook
SAIA
Earnings
Guidance Update
Demand Weakening
- SAIA reported Q3 2025 revenue of $839.6 million, a 0.3% decrease compared to the prior year, with an adjusted operating ratio of 87.6%. This adjusted OR increased by 250 basis points year-over-year but improved by 20 basis points sequentially from Q2 2025.
- Diluted earnings per share for Q3 2025 were $3.22, and adjusted diluted EPS was $2.81.
- Shipments per workday decreased 1.9% year-over-year but improved 3.2% sequentially. The 39 ramping terminals opened since 2022 achieved a sub-95 operating ratio and saw a 4.2% sequential improvement in shipments per workday.
- For Q4 2025, the company anticipates a 300 to 400 basis point degradation in operating ratio from Q3, with October shipments down approximately 3.5% and tonnage down 4%.
- SAIA implemented a 5.9% General Rate Increase (GRI) on October 1 and expects 2026 capital expenditures to be in the range of $400 million to $500 million.
Nov 5, 2025, 9:23 PM
Quarterly earnings call transcripts for SAIA.
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