Saia Has Plenty of Fuel Left in the Tank

Saia’s expansion plans are helping it mitigate weak less-than-truckload (LTL) demand, but that also comes with higher costs and margin pressures as new facilities build density. The company added 21 new facilities with plans to open up to six in 2025. Tonnage has increased 12-13% during the first two months of the year, while its competitors are experiencing mid- to high-single-digit declines. In this episode of the Talking Transports podcast, Saia’s President and CEO Fritz Holzgrefe joins Lee Klaskow, Bloomberg Intelligence’s senior transportation and logistics analyst, to discuss the outlook for the LTL market and the company’s network build-out. Capital spending will remain elevated this year even after declining 28% from 2024, as Saia continues to expand. Holzgrefe also talks about the driver market, the competitive landscape and how he went from peanuts to trucking.

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