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Stock impact report

Saia adds terminals in Southern California, Minnesota [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
A service center near Anaheim, California, appears to be a location previously leased by Yellow ( OTC: YELLQ ) while a location in Owatonna, Minnesota, had been owned and operated by the defunct carrier . In total, Saia ( NASDAQ: SAIA acquired 28 owned and leased properties valued at more than $240 million from Yellow. Saia has already expanded its coverage map this year by adding new terminals in Montana, New Jersey, Texas and Utah. It plans to open as many as 16 locations this year. “The terminal near Anaheim will significantly boost our service offering in Southern California, replacing our current Long Beach facility, while the Owatonna terminal will strengthen our operations in the Upper Midwest, as this is a new market for Saia,” said Patrick Sugar, Saia's executive vice president of operations, in a Monday news release. Saia's capital expenditures budget for 2024 includes $550 million in real estate, which will boost its total door count 12% to 14%. It also has $400 mill Show less Read more
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