Advisor, Saia
Search every verified Douglas Col interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2024 interview, Saia President and CEO Fritz Holzgrefe discussed the company's growth and market conditions. He stated that no single customer represents more than 5% of Saia's business and noted that retail business has increased relative to industrial or manufacturing customers. Holzgrefe said the company opened 12 facilities since the beginning of 2023 and acquired 28 facilities following Yellow's exit from the market, describing the opportunity as "once in a lifetime." He characterized the less-than-truckload (LTL) sector as "pretty mixed" broadly, but attributed Saia's growth to its "core execution" and ability to replicate high service levels for customers in new markets. Holzgrefe also addressed the impact of near-shoring, calling it a "tailwind" for the business. He cited the opening of a terminal in Laredo, Texas, acquired as part of the Yellow transaction, as an example of supporting customers through this trend. He emphasized that LTL assets are flexible and allow the company to serve multiple segments of the U.S. economy.
“Our footprint is a wide range and reflecting the macro economy. No customer represents more than 5% of our book of business. Retail businesses for us are up a little bit more relative to what our industrial or manufacturing customers are here.”
“We opened 12 facilities since the beginning of last year and we are seeing the impact of that in our result.”
“When Yellow exited the market, we had a long developed real estate pipeline of growing our footprint to become more of a national carrier. We acquired 28 facilities as part of the Yellow process and added that to the pipeline of opportunities.”
“A terminal in the LTL business is specific to the industry. It is meant to be used across stock freight. As we opened those across the country, we had the opportunity to replicate the service we have been providing customers in locations.”
Fritz Holzgrefe, President and CEO of Saia, discusses the company's second quarter update, demand for freight and trucking, and ...
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