Saia, Inc. reported its fourth-quarter and full-year 2024 financial results, highlighting revenue growth and continued investment in expansion. Fourth-quarter revenue increased by 5.0% year-over-year to $789.0 million, though operating income declined by 9.9% to $101.5 million. The company's operating ratio increased to 87.1% from 85.0% in the prior year. LTL tonnage per workday rose by 8.3%, while LTL revenue per hundredweight, excluding fuel surcharges, decreased by 2.3%.

For the full year 2024, revenue reached $3.2 billion, an 11.4% increase over 2023, with operating income rising 4.7% to $482.2 million. The company expanded its operations by opening 21 new terminals and relocating nine others, ending the year with 214 terminals across all 48 contiguous states.

Saia's capital expenditures reached a record $1.04 billion, including $235.7 million for property acquisitions from the Yellow Corporation auction. The company anticipates over $700 million in capital expenditures for 2025. Cash on hand at the end of 2024 was $19.5 million, with total debt rising to $200.3 million from $16.5 million the previous year.

Saia’s leadership emphasized its focus on operational excellence and expansion, hiring approximately 1,300 new employees in 2024. Management will hold a conference call to discuss the results, with a replay available through March 3, 2025.