Form 8-K for SAIA INC 25-Aug-2009 Other Events Item 8.01 Other Events.
On August 24, 2009, Saia, Inc. announced, effective August 30, 2009, the Company is terminating its current vacation policy. The Company is implementing a new policy effective January 1, 2010 under which employees will accrue vacation time proportionally throughout the year, which can then be used in the same year it is accrued. The Company expects the change in vacation policy will result in a reduction of approximately $11 million in vacation expense in 2009 with $8 million of the reduction in the third quarter and the remainder in the fourth quarter. The Company's vacation expense will return to historical levels in 2010.
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