$14.06 -0.11 (-0.78%)
12/3/2009 4:00 PM

Saia, Inc. (SAIA)

CAPS Rating: 3 out of 5

The Company is an asset-based trucking transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, chemical and manufacturing industries.

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Member Avatar 92557 (< 20) Submitted: 8/1/2008 2:51:13 AM : Underperform Start Price: $17.00 SAIA Score: +7.06

With the US headed into a obvious reccession why is SAIA hiring people like we are going into the wanton economy of the past? The trucking companies that will survive are going to be very conservative. I just dont feel the upper management has a handle on what will be needed to stay stable in the near term marketplace.

Full disclosure I am an employee of rival ABFS.

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Member Avatar h2ouup2 (< 20) Submitted: 8/6/2008 11:37:43 PM
Recs: 1 Rec This

Saia has shrunk its work force and has a hiring freeze at many of its terminals. currently the company has somewhere between 8,300-8,400 employes, that is down from 8,700 workers 16 months ago. Also in May Saia closed 4 of their terminals which were not profitable. The company still has a lot of work to do though to be where they should be, but they are taking the right steps to being remaing competive in the current market conditions.

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