M&A - SAIA INC

Form Type: 10-K

Filing Date: 2025-02-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025025702

Filing Summary: Saia, Inc. has provided its annual report for the fiscal year ended December 31, 2024. The company reported a significant acquisition involving the purchase of 17 freight terminals and leases for 11 additional terminals as part of the Chapter 11 bankruptcy proceedings of Yellow Corporation. This acquisition is expected to enhance Saia's service capacity and integration within its network. The report highlighted a robust financial performance with total revenue of $3.2 billion and operating income of $482.2 million, showing growth from the prior year. Saia emphasized its strategy of continued expansion both organically and through targeted acquisitions, focusing on infrastructure, technology, and improving operational efficiencies. The company has also prioritized safe operations and environmental initiatives, contributing to its positive corporate reputation and commitment to sustainability. The annual report includes a detailed overview of the business strategy, operational metrics, and workforce demographics, underlining the importance of human capital in driving the company's success.

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