Saia Inc

saia.com

What Do They Do?

Transports less-than-truckload freight and provides truckload and logistics services to shippers across North America.

How Do They Make Money?

Shippers pay negotiated or published rates for freight transportation. Saia bills after completing each shipment, with payment generally due after invoicing.

FY2025 revenue

Who Are Their Customers?

Shippers across North America arrange freight transportation through negotiated service agreements or published rates; Saia serves them through an integrated transportation network.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.

Operating income, FY2025

11% of revenue

▼ −27% vs FY2024 ($482.2M, 15%)

Net income, FY2025

8% of revenue

▼ −30% vs FY2024 ($362.1M, 11%)

Free cash flow, FY2025

1% of revenue

▲ Now profitable vs FY2024 (−$459.9M, −14%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +17%; vs $817.1M in Q2 FY2025
Net income: ▲ +32%; vs $71.4M in Q2 FY2025

Growing. Revenue grew 41% in 4 years, from $2.3B in FY2021 to $3.2B in FY2025, about 9% a year.

Wider direct coverage Saia expanded its direct LTL service to cover the contiguous United States, while LTL shipments to Canada and Mexico continue through third-party interline carriers.

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