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Later in the month, Susquehanna raised its price target on Saia to $585, implying an upside of 30% in the stock as it said a lack of price war in the industry would benefit the company even though ...
Saia is an American less than truckload (LTL) trucking company that originated in Houma, Louisiana, in 1924.With original operation occurring in Louisiana and Texas for the first fifty years, expansion came after 1980 when coverage began reaching into more states within the South.
In December 2023, 17 terminals of Yellow Corporation were sold to former subsidiary Saia in the Chapter 11 bankruptcy sale for $235.7 million. [52] On December 12, 2023, XPO, Inc. got approval to acquire 28 service centers of Yellow Corporation as a part of Chapter 11 bankruptcy for $870 million. [53] [54]
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A yearslong recession in the freight market may be ending as the industry returns to growth in 2025. Bank of America said its proprietary truck demand indicator is at its highest level since April ...
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Saia v. New York, 334 U.S. 558 (1948), was a case in which the Supreme Court of the United States held that an ordinance which prohibited the use of sound amplification devices except with permission of the Chief of Police was unconstitutional on its face because it established a prior restraint on the right of free speech in violation of the First Amendment.