$16.66
-0.18 (-1.07%)
Saia, Inc. (NASDAQ:SAIA)
CAPS Rating:
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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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.
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.