Saia, Inc. (SAIA)
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.
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Decent company, horrible fundamental business outlook with the US entering a full blown recession and oil likely to stay stubbornly high.
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They'll make a comeback
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Trucking company Saia Inc. said Friday it swung to a first-quarter loss, hurt by weak pricing and demand compounded by "unprecedented" fuel prices and severe winter weather.
The company posted a loss of $833,000, or 6 cents per share, compared with a year-ago profit of $3 million, or 21 cents per share.
Saia estimated the rapid increase in fuel prices hurt the quarter by 6 cents per share. Severe winter weather had a 2-cent-per-share impact, the company said.
Analysts were expecting break-even earnings per share, according to a poll by Thomson Financial.
Revenue rose 8 percent to $249.3 million, from $231.8 million in the prior-year period.
"We are operating in a difficult economic environment with weak tonnage demand, increasing price competition and escalating fuel prices which continue to pressure margins," President and Chief Executive Rick O'Dell said in a statement. "We are managing through this challenging environment with our targeted sales and marketing programs to build density while continuing to pursue engineered cost and efficiency initiatives."
© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Recs
A recessions a coming this summer and high oil prices are not going away since the falling dollar is to blame, and continued inflation is not going to bring the value of the dollar up any time soon. Burnanke was not helping this country by bailing out the crust of American society. Also, Bush's stimulus package didn't help the upward inflationary pressure that is killing this countries middle class. Sorry about my rant but anyway my point is to sell trucking since rail is about to take over from the high price of fuel.
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I'm calling this one down for the long haul. They are a stable company as far as the day-to-day efforts, but external factors are going to beat them senseless over time. On their left hand is the impending driver strike, which is going to impact every trucking business whether they use independents or not just out of solidarity and fear of getting shot. On their right hand is fuel instability. Fuel costs are not going back down, and the trucking industry is going to have to get creative. Unfortunately for even the ones that make it through, creative = expensive.
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Had some problems the past year but are making a strong come back.
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Below $15 - seems like a decent time to buy this good company.
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A turn around story that will take a little time to come through.
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Beaten down trucker with book value around $11; respectable balance sheet, good earnings...at current levels it becomes a takeover candidate.
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Keep a close eye on this one guys. These folks are aggressive this trend is temporary. Look at the stock for their competators $24 a share. Get it while is cheap
Recs
A short term drop in fuel prices will fuel increased earnings. Demand for freight services continues to grow.

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