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Saturday, December 9, 2023

SAIA Stock Rose After Receiving An Analyst Upgrade

Saia, Inc. (NASDAQ: SAIA) shares concluded the most recent trading session with a notable increase of 5.98%, settling at $379.93. This surge was primarily instigated by a favorable analyst recommendation, as Stifel elevated the stock from a “HOLD” rating to a “BUY.” Additionally, the analyst firm adjusted the price target for SAIA stock to $425, up from its previous target of $412.

Furthermore, Saia (SAIA) proudly revealed yesterday that Saia LTL Freight has earned the esteemed accolade of being recognized as one of the “Top Companies for Women to Work For in Transportation” for the year 2023 by Redefining the Road magazine. This publication serves as the official periodical of the Women In Trucking Association (WIT).

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The achievement of this recognition underscores Saia’s dedication to once again being acknowledged as a preeminent company for women. Saia acknowledges the paramount significance of gender inclusivity within the corporate landscape and remains steadfast in its commitment to cultivating an organizational culture where women can thrive and advance professionally.

According to Brian Everett, the publisher of Redefining the Road, a set of defining attributes characterizes the companies that earn a place on this distinguished list. These attributes encompass opportunities for professional development and career progression, flexible work hours and conditions, and competitive compensation packages and benefits.

The introduction of gender diversity into the workforce brings a distinct and valuable perspective, fostering innovation and reflecting the diverse spectrum of customers served by Saia. Gender diversity is deemed a cornerstone of Saia’s success, an accolade that the company has rightfully earned.

Earlier this year, Annie Lowery, who serves as the director of financial planning and analytics, was accorded the honor of being named one of the “Top Women to Watch in Transportation” for 2023 by WIT. This recognition acknowledges women within the industry who have made a positive impact within their respective companies and championed diversity. Lowery was particularly commended for embodying WIT’s mission of tirelessly striving to enhance the industry and create a more inclusive environment for women at Saia.

This distinguished list comprises a diverse array of businesses within the commercial freight transportation sector, encompassing motor carriers, third-party logistics companies, and original equipment manufacturers. The recipients of these accolades will be duly celebrated at the upcoming WIT Accelerate! Conference & Expo to be held in Dallas, Texas.

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