G-21VCE8Y34V

Saia Reports Earnings Dip Amid Investments for Q4

But Georgia-Based Carrier Sets Revenue Record of $3.21 Billion in 2024

Saia opened a record 21 terminals in 2024 and now has 214 facilities and a national footprint. (Saia LTL Freight via Facebook)

[Stay on top of transportation news: Get TTNews in your inbox.]

Saia Inc. closed out 2024 with lower fourth-quarter earnings amid efforts to reinvest in the operations of the business, but it set a revenue record for the full year, the company reported Feb. 3.

The Johns Creek, Ga.-based less-than-truckload carrier posted net income of $76.1 million, or $2.84 a diluted share, for the three months ending Dec. 31. That compared with $89.2 million, $3.33, during the same time the previous year. Total Q4 revenue increased by 5% to $789 million from $751.1 million.

We opened 21 terminals in 2024, which is, by far, a record, and we relocated an additional nine terminals,” Saia CEO Fritz Ho…

CONTINUE READING THE ARTICLE FROM Transport Topics HERE

You might also like

Comments are closed, but trackbacks and pingbacks are open.