Saia announces plans for Northeast expansion

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State of Logistics 2016: Pursue mutual benefit Saia announces plans for Northeast expansion UPS turns in strong Q3 earnings performance project44 and 10-4 systems announce strategic partnership to take effect in late 2016 AAR reports more declines for week ending October 8 More Logistics News How API Technology Connects the Transportation Economy Thursday, October 27, 2016 | 2pm ET All Resources Multi-regional less-than-truckload (LTL) carrier Saia, the ninth largest U.S. LTL carrier serving 34 states, announced this week that it plans to extend its network into the Northeast, effective next year. Saia said it plans to open three-to-five Northeast terminals in the second quarter of 2017, with an eye on major markets in Pennsylvania and New Jersey. "These new markets line up perfectly with our existing geography and allow us to offer more direct shipping points for our loyal customers," said Chief Customer Officer Ray Ramu in a statement. "Not only do we plan to invest in new facilities and equipment, but we intend to invest heavily in certain areas of our existing network so that we will be able to handle the increased freight flow to and from these new markets. We estimate that the Northeast LTL market represents approximately $7 billion in annual market revenue opportunity." Saia officials said that this expansion will be supported and enhanced by the various initiatives Saia has instituted over the last several years, adding that expanding into Pennsylvania and New Jersey is a first step in a strategic growth plan that will continue into 2018 and beyond as the company works to provide complete coverage of the continental United States. David Ross, Stifel analyst, observed in a research note that Saia’s service does not currently go east of Ohio or north of Virginia, with its coverage map basically the same since […]