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Saia: LTL expansion has to prove it can still earn premium returns

SAIAResearch reportPosted by Goglides ResearchMay 20, 2026
NASDAQSAIACoverage BootstrapSaia, Inc.

Thesis summary

Saia reported FY2025 revenue of $3.23 billion and 2026 Q1 revenue of $806.2 million. The thesis turns on LTL demand, terminal expansion, pricing discipline, operating ratio and capital intensity.

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Saia reported FY2025 revenue of $3.23 billion and 2026 Q1 revenue of $806.2 million. The thesis turns on LTL demand, terminal expansion, pricing discipline, operating ratio and capital intensity.

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