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While more than 97% of our revenue is derived from transporting LTL shipments, we also offer customers a wide range of other value-added services, including non-asset truckload, expedited and logistics services across North America.
−Removed: Founded in 1924, Saia Motor Freight Line, LLC (Saia LTL Freight), a wholly-owned subsidiary of Saia, Inc., is a leading LTL carrier that serves 45 states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers.
+Added: Founded in 1924, Saia Motor Freight Line, LLC (Saia LTL Freight), a wholly-owned subsidiary of Saia, Inc., is a leading LTL carrier that provides direct service to the 48 contiguous states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers.
Saia LTL Freight specializes in offering its customers a range of LTL services including time-definite and expedited options.
Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds.
−Removed: As of December 31, 2023, Saia LTL Freight operated a network comprised of 198 owned and leased facilities, including three general offices and one warehouse.
+Added: As of December 31, 2024, Saia LTL Freight operated a network comprised of 214 owned and leased terminals, plus three general offices and one warehouse.
At December 31, 2024, Saia LTL Freight owned approximately 6,600 tractors and 26,200 trailers, including equipment acquired with finance leases.
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It is a corporate priority to continuously emphasize the importance of safe operations to reduce both the frequency and severity of injuries and accidents.
−Removed: As part of our ongoing replacement and growth of our tractor fleet, we are adding accident avoidance technology in our new over-the-road tractors, including active braking assistance, adaptive cruise control, lane departure warning systems and roll stability control.
−Removed: This emphasis on safe operations is important to protect our employees and the communities in which we operate.
+Added: As part of our ongoing replacement and growth of our tractor fleet, we have been adding accident avoidance technology over the last several years in our new over-the-road tractors, including active braking assistance, adaptive cruise control, lane departure warning systems and roll stability control.
+Added: This emphasis on safe operations is important to protecting our employees and the communities in which we operate.
A safety first focus has the added benefit of helping to control inflationary insurance costs.
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This element of our business strategy involves managing both the price we charge for our services and the mix of freight we transport to operate our network more profitably.
−Removed: Changes in the economy coupled with the tightening of available capacity in the industry over the last several years allowed the Company to implement pricing initiatives to increase the Company’s yield and revenue per shipment.
+Added: Expansion of our geographic footprint and improvement in our service offering over the last several years has allowed the Company to provide unique solutions to our customers which has lead to increases in revenue per shipment, excluding fuel surcharges.
Increase density in existing geographies.
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These initiatives help offset a variety of structural cost increases like wages, healthcare benefits, casualty insurance, workers’ compensation claims, casualty claims and parts and maintenance expense.
−Removed: Optimizing our linehaul scheduling and pick-up and delivery operations provides the opportunity to better utilize assets and thus improve fuel consumption and carbon emissions.
+Added: Optimizing our linehaul scheduling and pick-up and delivery operations provides the opportunity to better utilize assets and thus reduce fuel consumption and carbon emissions.
We believe we continue to be well positioned to manage costs, utilize assets and explore additional opportunities for cost savings.
−Removed: Continue growing the organization through an enhanced geographic terminal footprint.
+Added: Continue growing the organization through an expanded geographic terminal footprint.
We plan to further pursue geographic expansion and build additional density in markets to promote profitable growth and improve our customer value proposition over time.
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In addition to direct expansion through adding new terminals, we may consider acquisitions from time to time to help expand geographic reach and density while gaining the business base of the acquired entity.
−Removed: Continue to address environmental and social issues.
+Added: Continue to address environmental and employee relations.
We are dedicated to building on our strong, positive culture by being a leading corporate citizen for the benefit of our customers, employees, communities and stockholders.
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We invest in our employees through training and professional development programs, safety training, wellness programs, internal employee communications and employee recognition programs, along with providing competitive wages and employee benefit programs.
−Removed: We seek to promote workplace diversity by celebrating our differences gathered from the unique experiences and diverse perspectives of our employees.
Our revenues are subject to seasonal variations.
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These responsibilities include recruiting, hiring, training and retention, as well as the development of our compensation and benefits programs.
+Added: Our mission is to safely drive our customers' success with custom solutions built on the three pillars of our service-focused values:
+Added: people, purpose and performance.
+Added: Our core values place the Customer First as they are the heart of the business.
+Added: Safety is a unifying fundamental behavior and practice that supports our Company’s purpose and goals.
+Added: Taking Care of Each Other is rooted in our leadership team caring for our employees and our employees caring for each other.
+Added: Every employee deserves to be treated with Dignity and Respect .
+Added: Our emphasis to Do the Right Thing focuses on making the ethical choice.
+Added: Ultimately, we seek and embrace our responsibility to the Community where we live and operate.
Our nearly 15,300 union-free employees are comprised of about 50% licensed commercial drivers, about 25% dock workers (approximately one-quarter of whom are part-time) and the remaining 25% work in sales, technology and administration to support our business.
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As the success of our business is fundamentally connected to the well-being of our people, we offer benefits that support their physical, financial and emotional well-being.
−Removed: We provide our employees with access to affordable and convenient medical programs intended to meet their physical and emotional needs and the needs of their families, with 95% of employees participating in our benefits programs.
+Added: We provide our employees and their families with access to affordable and convenient medical, dental and vision programs.
To foster retention, employees with ten or more years of service do not pay premiums for participation in the medical program.
−Removed: In addition to standard medical coverage, we offer eligible employees dental and vision coverage.
−Removed: Additionally, we strive to help employees lead healthier lives through a voluntary wellness program aimed at engaging employees to promote proactive evaluation, tracking and management of major health and wellness indicators, such as blood pressure, weight, and routine blood laboratory analysis.
−Removed: The program has an annual participation rate of approximately 78% of our employee base.
+Added: Additionally, we strive to help employees lead healthier lives through a voluntary wellness program aimed at engaging employees to promote proactive evaluation, tracking and management of major health and wellness indicators.
As an added benefit for employees, we offer a 401(k) savings plan with a Company match as well as paid vacation and personal days.
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Annual safety awards and recognition are given to drivers, mechanics and dock employees who qualify.
−Removed: Diversity, Equity and Inclusion.
−Removed: We are committed to fostering a work environment that values and promotes diversity, equity and inclusion.
−Removed: We pride ourselves in the fair treatment of our employees and strive to have a high level of employee satisfaction and productivity.
−Removed: We use periodic employee engagement surveys as well as compensation surveys to measure our success in meeting our employees' needs in the workplace.
−Removed: We seek to promote workplace diversity and to create a spirit of inclusivity in our Company that encourages authenticity, celebrates our differences and supports collaborative effort gathered from the unique experiences and diverse perspectives of our employees.
−Removed: Saia's commitment to diversity, equity, and inclusion is a cornerstone of our organizational culture, exemplified by the establishment of the Diversity, Equity, and Inclusion Council in 2021 and later transitioning to a Diversity, Equity, and Inclusion Steering Committee emphasizing the enhancement of representation, retention, and overall engagement within Saia.
−Removed: Our Steering Committee embodies a cross-functional perspective on diversity-related issues, striving to promote a culture where individual differences are respected, and all employees are valued for their contributions.
−Removed: Through continuous examination of processes and systems, the Committee ensures the encouragement of attraction, engagement, development, and retention of a diverse workforce through inclusive leadership principles.
Employee Engagement.
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Our communication starts with an employee’s manager and is supplemented by a variety of means, including regular industry updates, a monthly magazine, reports on quarterly performance directly from the CEO and executive team and annual employee engagement surveys.
−Removed: Corporate Culture.
−Removed: Our mission is to safely drive our customers' success with custom solutions built on the three pillars of our service-focused values:
−Removed: people, purpose and performance.
−Removed: Our core values place the Customer First as they are the heart of the business.
−Removed: Safety is a unifying fundamental behavior and practice that supports our Company’s purpose and goals.
−Removed: Taking Care of Each Other is rooted in our leadership team caring for our employees and our employees caring for each other.
−Removed: Every employee deserves to be treated with Dignity and Respect .
−Removed: Our emphasis to Do the Right Thing focuses on making the ethical choice.
−Removed: Ultimately, we seek and embrace our responsibility to the Community where we live and operate.
−Removed: The Company seeks to adhere to our core values by communicating with employees, providing long-term growth and by providing development opportunities and a leading and comprehensive employee compensation and benefits program.
−Removed: We believe this focus has fostered a positive company culture and great success with our employees and customers.
+Added: We are committed to fostering a work environment that values collaboration, fairness, and employee growth.
+Added: We pride ourselves on the equitable treatment of our employees and aim to achieve high levels of satisfaction and productivity.
+Added: We use periodic engagement and compensation surveys to evaluate our efforts in meeting employee needs and driving organizational success.
+Added: We seek to create a culture that encourages authenticity and values unique perspectives.
+Added: By fostering an environment that highlights shared experiences and celebrates individual contributions, we empower our employees to achieve excellence.
+Added: Saia’s commitment to fostering a culture of engagement, innovation, and collaboration is exemplified by our emphasis on retention, leadership development, and opportunities for employee growth.
+Added: This approach ensures alignment with our core values of safety and taking care of each other.
+Added: Our workforce engagement efforts reflect a cross-functional perspective on fostering collaboration and fairness, striving to promote a workplace where all employees feel valued for their contributions.
+Added: Through ongoing evaluation of processes and programs, we focus on attracting, developing, and retaining top talent.
Although there has been some tightening of capacity and some industry consolidation, shippers continue to have a wide range of choices.
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These competitors include a small number of large, national transportation service providers in the long haul and two-day LTL markets and a larger number of shorter-haul or regional transportation companies in the two-day and overnight LTL markets.
−Removed: The larger the service area, the greater the barriers to entry into the LTL trucking segment due to the need for additional equipment and freight terminals associated with this coverage.
+Added: The larger the service area, the greater the barriers to entry into the LTL trucking
+Added: segment due to the need for additional equipment and freight terminals associated with this coverage.
The level of technology investment required and density needed to provide adequate labor and asset utilization make larger-scale entry into the LTL market difficult.
Saia also competes against several modes of transportation, including truckload and private fleets, small package carriers, final mile delivery services, railroads, air freight carriers, third party logistics providers and other emerging digital competitors.
−Removed: Over the past 40 years, the trucking industry has been substantially deregulated and rates and services are largely free of regulatory controls.
−Removed: Nevertheless, the trucking industry remains subject to regulation by many federal, state and local governmental agencies, and these authorities have broad powers over matters ranging from the authority to engage in motor carrier operations, motor carrier registration, driver hours of service, safety and fitness of transportation equipment and drivers, insurance requirements, employment practices, taxation, data privacy and security, financial reporting, fuel efficiency and emissions standards and the transportation and handling of hazardous materials.
+Added: The trucking industry is subject to regulation by many federal, state and local government agencies in the U.S., and these authorities have broad powers over matters ranging from the authority to engage in motor carrier operations, motor carrier registration, driver hours of service, safety and fitness of transportation equipment and drivers, port security, insurance requirements, employment practices, taxation, data privacy and security, certain mergers and acquisitions, financial reporting, fuel efficiency and emissions standards and the transportation and handling of hazardous materials.
+Added: Regulatory requirements, and changes in regulatory requirements or guidance, may adversely affect our business or the economics of the industry by requiring changes in operating practices that could influence the demand for and increase the costs of providing transportation services.
Key areas of regulatory activity include:
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Department of Transportation (DOT) and various state agencies.
+Added: We are also subject to a variety of vehicle registration and licensing requirements in certain states and local jurisdictions where we operate.
Within the DOT, the Federal Motor Carrier Safety Administration (FMCSA) has issued rules, including hours of service regulations that limit the maximum number of hours a driver may be on duty between mandatory off-duty hours and require driver rest breaks.
−Removed: Revisions to these rules could further impact our operations, further tighten the market for qualified drivers and put additional pressure on driver wages and purchased transportation costs.
+Added: The rules provide that a truck driver may work no more than a maximum of 60 hours within 7 consecutive days and 70 hours within 8 consecutive days.
+Added: FMCSA rules further impose a maximum work period of 14 hours (no more than 11 hours of which may be driving time) after first coming on-duty following 10 consecutive hours of off-duty time.
+Added: Drivers are also required to take a 30-minute break prior to driving beyond 8 hours.
The FMCSA’s Compliance Safety Accountability Program (CSA) is an enforcement and compliance model that assesses a motor carrier’s on-road performance and investigation results for a 24-month period using roadside stops and inspections, resulting in safety and performance ratings in the following categories:
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The evaluations are used to rank carriers and individual drivers and to select carriers for audit and other interventions or enforcement action.
−Removed: The FMCSA established the Commercial Driver’s License Drug and Alcohol Clearinghouse (DAC) in 2020, which is a database that discloses drug and alcohol violations of commercial motor vehicle drivers.
−Removed: The DAC requires us to check for current and prospective employee’s drug and alcohol violations and annually query for violations of each driver we employ.
−Removed: In November 2023, the FMCSA issued a warning that by November 2024, drivers with a prohibited status in the DAC will lose or be denied their state issued commercial driving privileges.
−Removed: The Infrastructure Investment and Jobs Act signed into law in 2021 requires the FMCSA to establish an apprenticeship pilot program that allows drivers between the ages of 18-20 with an intrastate commercial driver’s license to operate in interstate commerce under certain conditions.
−Removed: In response to this requirement, the FMCSA established the Safe Driver Apprenticeship Pilot Program (SDAP) in January 2022.
−Removed: Although carriers are not currently mandated to participate, we may participate in SDAP to help address driver shortages in the future.
−Removed: Participation in the program may affect our delivery times, increase our cost of operations, and affect the costs of transportation to maintain compliance.
+Added: The FMCSA maintains the Commercial Driver’s License Drug and Alcohol Clearinghouse (DAC), which is a database that discloses drug and alcohol violations of commercial motor vehicle drivers.
+Added: The DAC requires us to check for current and prospective employees' drug and alcohol violations and annually query for violations of each driver we employ.
+Added: Drivers with a prohibited status in the DAC will have their state issued commercial driver licenses downgraded and will be unable to continue driving with such until they complete the return-to-duty process.
Department of Homeland Security.
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Environmental Regulations.
−Removed: Our operations are subject to U.S.
−Removed: federal, state, local, and foreign regulations with regard to air and water quality and other environmental matters.
+Added: Our operations are subject to federal, state, local, and foreign regulations with regard to air and water quality and other environmental matters.
Regulation in this area continues to evolve with changes in the enforcement of existing regulations, as well as the enactment and enforcement of new regulations that may require us or our customers to modify, supplement or replace equipment or facilities or to change or discontinue present methods of operation.
Specifically, the EPA has issued regulations reducing the sulfur content of diesel fuel and reducing engine emissions.
−Removed: These regulations increased the cost of replacing and maintaining trucks.
−Removed: Future environmental laws in this area could further increase our costs and impact our operations.
Our operations are subject to environmental laws and regulations dealing with the handling of hazardous materials, underground fuel storage tanks and discharge and retention of storm water.
We operate in industrial areas where truck terminals and other industrial activities are located and where groundwater or other forms of environmental contamination may have occurred.
+Added: Under existing law, we could be held responsible for costs related to environmental contamination at or emanating from our current and past facilities and at third party waste disposal sites.
Our operations involve the risks of fuel spillage or seepage, environmental damage and hazardous waste disposal and costs associated with the leakage or discharge of hazardous materials we transport for our customers, among others.
Violations of applicable environmental laws or regulations or spills or other accidents involving hazardous substances may subject us to cleanup costs, liabilities not covered by insurance, substantial fines or penalties and to civil and criminal liability, any of which could adversely affect our financial condition, results of operations, liquidity and cash flows.
+Added: Clean Trucks Plan
The EPA and DOT have announced fuel efficiency standards for medium and heavy-duty trucks, which require a reduction of up to 25 percent in carbon emissions over the next decade.
−Removed: In August 2021, the EPA announced its “Clean Trucks Plan,” which aimed to develop new rules over a three-year timeframe to reduce greenhouse gas emissions and other air pollutants from heavy-duty trucks.
−Removed: In December 2022, the EPA finalized the first phase of the Clean Trucks Plan by adopting a final rule that sets more stringent nitrogen oxides emission standards for new heavy-duty vehicles and engines starting in model year 2027.
−Removed: This rule could impose substantial costs on us.
−Removed: In April 2023, the EPA proposed a new rule under the Clean Trucks Plan that would implement more stringent standards to reduce greenhouse gas emissions from heavy-duty vehicles by reducing carbon emissions and increasing use of zero-emission vehicle technology.
−Removed: Several states have individually enacted and may continue to enact legislation relating to engine emissions, trailer regulations, fuel economy, and/or fuel formulation, such as regulations enacted by the California Air Resources Board (CARB).
−Removed: In December 2021, CARB adopted more stringent standards to reduce nitrogen oxide emissions by heavy-duty engines.
+Added: In 2021, the EPA announced its “Clean Trucks Plan,” which aimed to develop new rules over a three-year timeframe to reduce greenhouse gas emissions and other air pollutants from heavy-duty trucks.
+Added: In 2022, the EPA finalized the first phase of the Clean Trucks Plan by adopting a final rule that sets more stringent nitrogen oxides emission standards for new heavy-duty vehicles and engines starting in model year 2027.
+Added: In March 2024, the EPA approved a new rule under the Clean Trucks Plan regarding new greenhouse gas standards for the manufacture, sale, or importation of heavy-duty trucks that aims to reduce greenhouse gas emissions by up to 60 percent by 2032 for some vehicle classes.
+Added: The standards apply to heavy-duty vehicles manufactured starting in model year 2028 through model year 2032 and revise certain greenhouse standards for model year 2027 that were established under the prior rulemaking.
+Added: California Air Resources Board (CARB)
+Added: Several states have enacted and may continue to enact legislation relating to engine emissions, trailer regulations, fuel economy, and/or fuel formulation, such as regulations enacted by CARB.
+Added: CARB regulations apply to both in-state California carriers and carriers outside of California who own or dispatch equipment in the state.
+Added: In 2021, CARB adopted more stringent standards to reduce nitrogen oxide emissions by heavy-duty engines.
CARB has also adopted regulations to accelerate large-scale transition in California to zero-emission medium and heavy-duty trucks, including trucks of a type used in our operations in California.
+Added: Advanced Clean Trucks
CARB’s Advanced Clean Truck regulation is designed to ensure that zero-emission vehicles are brought to market in California.
−Removed: That regulation requires manufacturers to sell zero-emission trucks as an increasing percentage of their annual California sales starting with model year 2024.
−Removed: By 2035, zero-emission truck/chassis sales must account for 40% of truck tractor sales in the state.
−Removed: In April 2023, CARB adopted the Advanced Clean Fleets regulation mandating that operators of 50 or more trucks must operate fleets comprised of an increasing percentage of zero-emission
−Removed: The regulation includes a phase-in period from 2027 to 2045, depending on the class of vehicle.
−Removed: Other states have signed a multi-state agreement to require 100% sales of zero-emission trucks by 2050.
+Added: That regulation requires manufacturers to sell zero-emission trucks as an increasing percentage of their annual California sales.
+Added: By 2035, zero-emission truck/chassis sales must account for 40 percent of truck tractor sales in the state.
+Added: Numerous other states have adopted or are in the process of adopting the Advanced Clean Trucks Regulation.
+Added: Advanced Clean Fleets
+Added: In 2023, CARB adopted the Advanced Clean Fleets (ACF) regulation mandating that operators of 50 or more trucks must operate fleets comprised of an increasing percentage of zero-emission vehicles.
+Added: The regulation includes a
+Added: phase-in period from 2027 to 2045, depending on the class of vehicle.
+Added: In January 2025, CARB withdrew its request to the EPA for a waiver that would have allowed it to adopt and enforce the ACF standards.
+Added: It remains unclear how the decision to withdraw CARB’s request for waiver and authorization will affect its implementation of the ACF regulations or enforcement of the requirements.
Food and Drug Administration.
3 unchanged sentences
Under the SFTA requirements, carriers are required to develop and implement written procedures subject to recordkeeping that specify its practices for cleaning, sanitizing, and inspecting vehicles and transportation equipment.
−Removed: Continued compliance with current and future SFTA requirements may cause us to incur additional expenses and affect our operations.
Data Privacy Regulations.
−Removed: There have been increased legislative and regulatory efforts regarding data protection and transparency in how customer data is used and stored in the U.S.
+Added: We are subject to laws and regulations regarding data protection and transparency in how data is used and stored in the U.S.
and other countries.
−Removed: As a transportation and logistics provider, we collect and process significant amounts of customer data.
+Added: As a transportation and logistics provider, we collect and process significant amounts of data daily.
Trademarks and Patents
17 unchanged sentences
Executive Vice President and Chief Financial Officer of Saia, Inc.
−Removed: since January 2020.
−Removed: Col joined the Company in 2014 as Treasurer and continued in that role until January 2020.
−Removed: Col has also served as the Company’s Secretary since February 2019.
+Added: since May 2024.
+Added: Batteh has been with Saia since 2015, most recently serving as Vice President of Finance since 2023.
+Added: Prior to that, he served as Saia’s Vice President, Pricing and Analytics from 2020 to 2023 after serving in a variety of pricing and financial analysis roles.
Executive Vice President of Operations of Saia, Inc.
18 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.