Growth Analysis

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The current US and Global supply chains are strained to their limits. Analysts say that the lingering effects of COVID-19 mitigation strategies essentially reduced the production of goods and services, and the supply-chain shortages now happening are the result of struggles to return to pre-pandemic levels (Vann, 2021). 4.3 million Americans quit their jobs in August, with the dock and warehouse industry reporting a 490,000 worker shortage (Vann, 2021). With demand for consumer goods up 22% Saia is in a prime position to experience hearty growth in revenue and profit in 2021 (Goodman, 2021). 

Saia has experienced steady growth in the stock market with shares averaging $223.47 at close in 2021. As well as a healthy profit and net income growth year over year. Saia's healthy growth pre-pandemic as well as in the early pandemic of 2020 allows for the opportunity to expand their fleet of trucks, trailers, and drivers. Over the road freight bills have increased on average 85% due to the pandemic e-commerce boom (Lynch, 2021). This increase opens the door to a massive revenue growth for the entire freight industry.


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