SAIA, INC. (NASDAQ:SAIA) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
Attached as Exhibit 99.1 is the transcript of the conference call to discuss the third quarter earnings of Saia, Inc. 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," "should" 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 update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management as of the date of this news release 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, risks, uncertainties and assumptions include, but are not limited to, the following:
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general economic conditions including downturns in the business cycle; |
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effectiveness of Company-specific performance improvement initiatives, including management of the cost structure to match shifts in customer volume levels; |
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the creditworthiness of our customers and their ability to pay for services; |
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failure to achieve acquisition synergies; |
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failure to operate and grow acquired businesses in a manner that supports the value allocated to these acquired businesses, including their goodwill; |
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economic declines in the geographic regions or industries in which our customers operate; |
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competitive initiatives and pricing pressures, including in connection with fuel surcharge; |
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loss of significant customers; |
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the Company’s need for capital and uncertainty of the credit markets; |
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the possibility of defaults under the Company’s debt agreements (including violation of financial covenants); |
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possible issuance of equity which would dilute stock ownership; |
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the effect of litigation including class action lawsuits; |
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cost and availability of qualified drivers, fuel, purchased transportation, real property, revenue equipment, technology and other assets; |
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the effect of governmental regulations, including but not limited to Hours of Service, engine emissions, the Compliance, Safety, Accountability (CSA) initiative, compliance with legislation requiring companies to evaluate their internal control over financial reporting,Homeland Security, environmental regulations, tax law changes, potential changes to the North American Free Trade Agreement and the Food and Drug Administration; |
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changes in interpretation of accounting principles; |
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dependence on key employees; |
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labor relations, including the adverse impact should a portion of the Company’s workforce become unionized; |
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self-insurance claims and other expense volatility; |
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cost and availability of insurance coverage; |
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increased costs of healthcare and prescription drugs, including as a result of healthcare reform legislation; |
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disruption in or failure of the Company’s technology including services essential to operations of the Company and/or cyber-security risk; |
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failure to successfully execute the strategy to expand the Company’s service geography into the Northeastern United States; and |
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other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s SEC filings. |
As a result of these and other factors, no assurance can be given as to our future results and achievements. A forward looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur.
The information in this Current Report is being furnished to Item 9 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement to the Securities Act of 1933, as amended. The furnishing of the information in this Current Report is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information this Current Report contains is material investor information that is not otherwise publicly available.
Item 9.01 Financial Statements and Exhibits.
99.1 Transcript conference call of Saia, Inc. on October 31, 2018.
SAIA INC ExhibitEX-99.1 2 saia-ex991_6.htm EX-99.1 saia-ex991_6.htm Exhibit 99.1 CONFERENCE CALL TRANSCRIPT SAIA – Q3 2018 EARNINGS CONFERENCE CALL EVENT DATE/TIME: October 31,…To view the full exhibit click here
About SAIA, INC. (NASDAQ:SAIA)
Saia, Inc. is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc. (MetroGo) and LinkEx, Inc. (LinkEx). Saia LTL Freight is a multi-regional LTL carrier that serves over 30 states in the South, Southwest, Midwest, Pacific Northwest and West. Saia LTL Freight specializes in offering its customers a range of regional and interregional LTL services, including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds, as well as selected guaranteed, expedited and truckload services.