Saia

Knight-Swift adds LTL veteran to board as it targets Northeast expansion

Knight-Swift Transportation announced Friday that Doug Col, former chief financial officer at less-than-truckload carrier Saia, joined its board of directors effective Thursday.

Col retired from Saia in May after 10 years of service. He joined in 2014 as vice president and treasurer and was tapped to be CFO in 2020.

Col joins Knight-Swift (NYSE: KNX) as it looks to add a major presence in the Northeast – the last significant hole in what will become a national LTL footprint.

He was with Saia (NASDA...

https://www.freightwaves.com/news/knight-swift-adds-ltl-veteran-to-board-as-it-targets-northeast-expansion

Deutsche Bank Eyes Industrial Rebound, respalda estas acciones de transporte

Los inversores deben favorecer las existencias de transporte atado industrial con iniciativas idiosincráticas de autoayuda, según un informe que relata la cobertura del espacio por parte de Deutsche Bank. La firma de inversión emitió calificaciones de «Comprar» en tres operadores de carga menos que...

https://fullavantenews.com/deutsche-bank-eyes-industrial-rebound-respalda-estas-acciones-de-transporte/?lang=es

Deutsche Bank eyes industrial rebound, endorses these transportation stocks

Investors should favor industrial-tethered transportation stocks with idiosyncratic, self-help initiatives, according to a report relaunching Deutsche Bank’s coverage of the space. The investment firm issued “buy” ratings on three less-than-truckload carriers, a pair of railroads and a couple other companies on Friday.

Equity research analyst Richa Harnain told clients the industrial complex appears ready to shake a two-year downturn and that any turnaround could be amplified by the new...

https://www.freightwaves.com/news/deutsche-bank-eyes-industrial-rebound-endorses-these-transports

Old Dominion, Saia stay on different paths to overcome same challenge in Q1

A pair of less-than-truckload carriers on somewhat divergent paths provided first-quarter updates on Tuesday that displayed no material change of course. Old Dominion Freight Line saw volumes sag again in February as it plays the long game at the bottom of the cycle, while competitor Saia reported another large tonnage increase as it fills its recently expanded network through the downturn.

Source: Company reports
Old Dominion’s volumes sag as it awaits more opportune entry point

Thomasville,...

https://www.freightwaves.com/news/old-dominion-saia-stay-on-different-paths-to-overcome-same-challenge-in-q1

Saia excited about pricing opportunities across expanded network

Less-than-truckload carrier Saia took market share again in the fourth quarter, but margins slid as new business wins and terminals came online. The company is at the tail end of an intense network growth initiative that has catapulted it to a national carrier serving all 48 contiguous states. The focus will now shift to pricing and margin opportunities.

Saia (NASDAQ: SAIA) beat fourth-quarter expectations Monday, reporting earnings per share of $2.84, 7 cents higher than the consensus estimate...

https://www.freightwaves.com/news/saia-excited-about-pricing-opportunities-across-expanded-network

First look: Saia Q4 earnings

Less-than-truckload carrier Saia beat fourth-quarter expectations Monday before the market opened. Earnings per share of $2.84 was 7 cents higher than the consensus estimate but 49 cents lower year over year.

Saia (NASDAQ: SAIA) reported a 5% y/y increase in revenue to $789 million. Revenue per workday was 3.3% higher in the quarter as tonnage per day increased 8.3% and revenue per hundredweight, or yield, fell 5.4% (down 2.3% excluding fuel surcharges). However, a 3.7% increase in weight per...

https://www.freightwaves.com/news/first-look-saia-q4-earnings

Saia starts its engines: LTL carrier will sponsor a leading NASCAR team

There will be a big Saia logo traveling at a high rate of speed before thousands soon, but it won’t be delivering any freight.

The less-than-truckload carrier has signed on to be the primary sponsor of seven NASCAR Cup races this season. The deal with Joe Gibbs Racing will place the Saia (NASDAQ: SAIA) logo as the most prominent signage on the car driven by Gibbs’ grandson, Ty Gibbs. Joe Gibbs is the legendary football coach who led the then-Washington Redskins (now Commanders) to three Super...

https://www.freightwaves.com/news/saia-starts-its-engines-ltl-carrier-will-sponsor-a-leading-nascar-team

A stand-alone FedEx Freight gives LTL investors another pure play

Investors are getting more optionality when it comes to playing the less-than-truckload market. FedEx Corp. said Thursday it will move forward with a plan to spin off FedEx Freight, the nation’s largest LTL carrier, which experts say could be worth as much as $30 billion.

Details surrounding the transaction were sparse, but FedEx (NYSE: FDX) said separating into two publicly listed companies – a domestic and international package and freight business generating $78 billion in annual revenue, and...

https://www.freightwaves.com/news/a-stand-alone-fedex-freight-gives-ltl-investors-another-pure-play

XPO, Old Dominion waiting for market turn

Less-than-truckload carriers are still seeing negative tonnage results at what is likely the bottom of the cycle. XPO and Old Dominion Freight Line are the latest to provide November results after updates from a pair of carriers sent shares for the group lower on Tuesday.

XPO eyeing Q4 margin improvement

XPO (NYSE: XPO) reported a 4% y/y decline in tonnage per day during November, which followed an 8% decline in October. October was up against a tough comp due to a cyberattack at Estes last year...

https://www.freightwaves.com/news/xpo-old-dominion-waiting-for-market-turn

LTL stocks sag on Q4 updates

Shares of less-than-truckload carriers were lower Tuesday after two companies provided fourth-quarter updates. The updates likely reflect the bottom of the cycle, the point where carriers are in need of more volume, or an improved freight mix, moving through their high fixed-cost networks.

ArcBest (NASDAQ: ARCB) was down 1.6% at 11:19 a.m. EST while shares of Saia (NASDAQ: SAIA) were down 2.7%. The S&P 500 was down just 0.1% at the time.

ArcBest’s network needs more freight

ArcBest’s asset-based...

https://www.freightwaves.com/news/ltl-stocks-sag-on-q4-updates

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