7/29/2023 0 Comments Saia tracking 102947847706The acquisition of Robart, which Saia planned to rebrand under the Saia name, marked Saia's first significant move into non-asset logistics services. Robart, founded in 1981 in Duluth, Georgia, was a non-asset truckload and brokerage service provider while The RL Services Group focused on supply chain, logistics, data mining, and operations analysis and related services. Saia acquired Robart Transportation (and subsidiary The RL Services Group) in 2012 for approximately $7.8 million. Saia expanded further with the acquisitions of two LTL carriers: Columbus, Ohio-based The Connection Company in 2006 and Madison Freight Systems (MFS) of Waunakee, Wisconsin in 2007. Saia began trading on the NASDAQ with the symbol SAIA. Jevic, originally founded in 1981 by Harry Mulschlegel, would shut down in 2008 after being unable to improve its fortunes as an independent company. Saia president Rick O'Dell would become president, CEO, and a board member of the parent company with former chairman and CEO, Bert Trucksess, transitioning to non-executive chairman. Along with the sale, SCS announced plans to rebrand the parent company to Saia and move its corporate headquarters from Kansas City, Missouri to Saia's headquarters in Duluth, Georgia. The sale came after years of low profitability at Jevic and allowed SCS to focus on its more successful Saia unit. In 2006, SCS sold Jevic to a Sun Capital Partners affiliate for $40 million. was acquired in 2004 incorporating its nine state, sixteen terminal operations into Saia. In 2002 Saia and Delanco, New Jersey-based Jevic Transportation, another Yellow Corporation subsidiary, spun off to form an independent publicly traded company called SCS Transportation (SCS). Saia truck at McCarran International Airport, Las Vegas, Nevada in 2019 In 1995 Saia merged with Smalley Transportation resulting in the establishment of terminals in North Carolina, South Carolina and western Texas. The Yellow Corporation purchased Preston Trucking, along with subsidiaries Saia & Smalley, in 1993. The Saia family sold Saia to Preston Trucking in 1987. Saia became one of the largest regional LTL carriers in the United States with 23 terminals throughout the Southeastern United States and revenue exceeding $50 million. The first Saia truck was his car with the rear seats removed.īy 1970, Saia expanded and established terminals in Texas and Louisiana. Louis was a produce dealer who realized that there was more success in delivering produce rather than selling it. Saia began in 1924 in Houma, Louisiana by Louis Saia Sr. Saia ranks within the top ten of LTL carriers in the United States, with revenues of over $1.8 billion in 2020. Further expansion happened through mergers with other companies, which allowed Saia to provide service for thirty six states. With original operation occurring in Louisiana and Texas for the first fifty years, expansion came after 1980 when coverage began reaching into more states within the South. Saia is an American less than truckload (LTL) trucking company, that originated in Houma, Louisiana in 1924.
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