Duluth, GASaia, Inc. (NASDAQ: SAIA), a leading multi-regional less-than-truckload (LTL) carrier, has successfully completed its full integration of recently acquired Midwest carrier The Connection Company ("The Connection") and Wisconsin carrier Madison Freight Systems.
The 19 terminals added by the acquisition of The Connectiona less-than-truckload carrier operating in Indiana, Kentucky, Michigan and Ohio since 1983are now officially operating as Saia in the major Midwest markets of Cincinnati, Cleveland, Columbus, Detroit, Indianapolis, Louisville and Toledo. Saia purchased The Connection in November 2006 and completed the integration in February.
The newly integrated territories are providing service that has already surpassed performance goals, said Saia President, Rick ODell. For more than 80 years Saia has focused on growth; the integration of these acquisitions further advances Saia toward our strategic goal of achieving complete coverage across
The operations of Madison Freight Systema less-than-truckload carrier headquartered in
The acquisition strategy focused on accelerating enhanced customer service, operating efficiencies and synergy revenue development between Saia and the new territories, culminating in an expanded organization that now serves 34 states with 151 terminals.
About Saia, Inc.
Saia, Inc. (NASDAQ: SAIA) is a less-than-truckload provider of regional, interregional and guaranteed services covering 34 states. Saia is home to the industry-leading Xtreme Guarantee product, which guarantees total customer satisfaction from pick-up through invoicing. Saia offers complete North American coverage through partner agreements. With headquarters in
The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release contains these types of statements, which are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors and risks include, but are not limited to, general economic conditions; integration risks; indemnification obligations associated with the sale of Jevic Transportation, Inc.; cost and availability of qualified drivers, fuel, purchased transportation, property, revenue equipment and other operating assets; governmental regulations, including but not limited to Hours of Service, engine emissions, compliance with recent legislation requiring companies to evaluate their internal control over financial reporting and Homeland Security; dependence on key employees; inclement weather; labor relations; effectiveness of company-specific performance improvement initiatives; competitive initiatives and pricing pressures; terrorism risks; self-insurance claims, equity-based compensation and other expense volatility; the Company's determination from time to time whether to purchase any shares under the repurchase program; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings.
