Saia pays every Wednesday, good insurance, good 401-k plan with company match, excellent equipment, excellent road or interminal repair infrastructure, an annual raise in both mileage and hourly pay, and for most employees, a five day work week with weekends and paid major holidays off and that's not all. On top of all that, when I left, I was running a regular, nothing special, and reasonable mileage route, that paid 90 grand a year. You still want the company to do more???????
SAIA | Saia’s Record Or Driven By Higher Yield On Small Revenue Increase
- Thread starter Freightmaster1
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About a year ago the stock was selling at $65 per share. Ten shares then was $650.00. Ten shares now is roughly $2,000. Yes, I agree, some ass kicking is in order.
OR is the standard measure for ltl & trucking in general. No one wants to see the actual thin profit margin. I’d guess, on your info, Yellow’s margin was 4% or so.
1523672701
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In 2012 the stock price was around 14.00 per share. There is no doubt that Saia is a "little darling" on NASDAQ. My point is how did they get there. The competition didn't defer compensation to the life line of the truckline, to those on the front line. If a 2nd wage increase is granted in 2021, and the withheld emplyee 401k contribution from 2020 is matched, then I'll be proven wrong.
RockyMountainDoubles
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Doesn’t matter. The company would of still did good numbers. 2020 in trucking has actually been amazing for everyone besides the 1st quarter. If you lost money as a company you are absolutely doing something wrong. That’s why you can become an owner operator and have no business sense and still succeed. You can buy a non fuel efficient truck and make a lot of money. Saia paying the match and increasing the wage wouldn’t of sunk the numbers in 2020. It might have not been record breaking but it would have been growth regardless. Unlike YRC when they gave their employees a raise then the ship sprung a bigger hole same concept towards Saia wouldn’t happen the people who run this company are financially savvy. Trucking was booming in 2020 and still going so far in 2021.
Turn the Page
Let's turn the page back to better times
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So why did Saia not give raises and a bonus last year if it wasn't going to affect their profits last year
They got there by offering a product that customers found attractive, by making on time pickups and deliveries, being very reliable, and affordable. Just a better mousetrap.
Saia did give raises last year. You want a bonus, then you have to work inside and who the hell wants that stress.
1523672701
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Saia did not give raises during the calender year of 2020. 401k contributions were also eliminated. I'm not an accountant, but that is significant if you consider the number of full time employees that work for the corporation. On paper, and on Wall Street, Saia maybe the next ODFL. Saia has the potential to do what Wall Street forecasts, but it will not happen until they put their drivers and customers first.
On the Saia forum.
When Will Saia Start 401k Matching?
- Thread starterBogie
- Start dateOct 14, 2020
McUzi
Member
They've resumed matching, I'm already seeing it in my Fidelity account.Bastardly
Member
Didn't they specifically state that they were going to resume on October 1st postdated back to June or July.... I don't remember exact dates but it was at the end of the last video that was emailed to usWhite
Straight’nin the curves, flat’nin the hills
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Correct
https://www.truckingboards.com/bb/threads/when-will-saia-start-401k-matching.106319/watch
During my last several years at Saia, we got an annual mileage and hourly wage hike around July of each year. But, you are right, in that, Saia did not give a pay raise in 2020. However, you are wrong, too. Saia gave a pay raise, in January, 2021. The expectation is that Saia will also give another raise, somewhere around July of 2021.
Saia made good on the 401-k match and giving the raise in January several months ahead of the normal July wage hike. If Saia comes through, in July, with the second pay raise, then I can't see where anybody has anything to bitch about.
Just want to point out that Saia also has a history of pay reduction and/or staff reduction. When that happened and we were brought back to the rate prior to the reduction, the company (along with those with blinders on) lauded it as a wage increase. No it certainly was not. It was just getting us back to where we were at before. Saia does have a way of manipulating some of their nomenclature and numbers to come out smelling like a rose. But, for anyone who has gardened before, you know you have to shovel an awful lot of **** before you get roses.
runawaytrain
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runawaytrain
Wear their scorn with pride.
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Although OD is much bigger, I never thought I’d see SAIA’s stock higher.
Comparing share price alone is almost meaningless. OD has a market cap of $24.6 billion with 117.33 million shares outstanding while SAIA has a market cap of $5.33 billion and 26.16 million shares outstanding.
runawaytrain
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I know all that! I stated they were much bigger. My intention wasn’t to compare. I just never thought SAIA’s stock would ever trade even close to ODs ... That surprised me.
I jus check the stock market and OD is back in the left lane truckn up
The only way a comparison of share price would have any meaning is if the number of shares outstanding were the same for both companies. Then you could say the company with the higher share price is more highly valued. Otherwise it's a meaningless comparison. It's like saying a guy with a $5 bill is worth more than a guy with 5 $1 bills.
joes bar and grill
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Still praising them even after they fired you, you are like a batered wife
runawaytrain
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Good to know you still can’t spell.... battered, Joe.... Good to know you’re still a pain in my ass too.