Saia set for $1bn expansion as LTL market feeds on Yellow carcass
The combination of relatively stable market conditions and the gap left by the demise of ...
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PRESS RELEASE
| Source: Saia, Inc.
JOHNS CREEK, Ga., April 01, 2024 (GLOBE NEWSWIRE) — Saia Inc. (NASDAQ: SAIA) announced today an exclusive partnership between Saia LTL Freight and Fletes Mexico via their less-than-truckload (LTL) division, Carga Express, to serve both companies’ U.S. to Mexico cross-border customers. As a result of the partnership, Saia will service Carga Express’ shipments entering the U.S. and Carga Express will service Saia’s freight entering Mexico.
The partnership brings together two companies with extensive LTL experience. Celebrating its 100-year anniversary this year, Saia began operations in Houma, Louisiana in 1924 and today operates 194 terminals across the U.S. Saia plans to open 15 to 20 new terminals as it adds direct service to new geographies, enhancing its value proposition to customers through a stronger service offering. Likewise, Carga Express has been a leader in the national and international transportation industry for more than three decades.
“We are excited about this new partnership with Carga Express as our companies share similar values when it comes to providing efficient, on-time transportation solutions for customers,” said Saia Vice President of International Juan Barroso. “Our customers will benefit from Carga Express’ network of distribution centers and commitment to providing leading LTL service into and across Mexico.”
Miguel Gomez, CEO of Fletes Mexico, said, “We are very pleased to partner with Saia. Our customers will greatly benefit from Saia’s extensive network of terminals around the U.S. and with access to our network throughout Mexico, we will be able to offer Saia’s U.S. customers unparalleled north and southbound cross-border services.”
The full release can be found here.
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