Is Saia Really A Reincarnation Of Yellow Freight?

Discussion in 'LTL and Local Delivery Trucking Forum' started by Lotsa Bellyfat, Jun 20, 2024.

  1. Lotsa Bellyfat

    Lotsa Bellyfat Bobtail Member

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    I’ve heard through the grapevine that Saia Truckload is a re-creation of Yellow Freight. I know both companies were originally formed many years ago, but some are saying that the same company that owned Yellow also owns Saia. Is it mere coincidence that Saia has been expanding rapidly, especially in the northeast, at almost exactly the same time that Yellow collapsed?

    Word has it that the main intent of the restructure was to boot the union out of company operations, and the closing of unionized Yellow, along with the expansion of non union Saia was the best way to do so.

    Anybody have any details?
     
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  3. Chinatown

    Chinatown Road Train Member

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    Estes Express is the company that spent billions buying Yellow terminals & equipment.
     
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  4. jmz

    jmz Road Train Member

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    This is one of the most bizarre conspiracy theories I’ve ever heard of that people keep inexplicably believing.

    Saia has been an independent, publicly traded company since 2002. Not only would some kind of secret merger be impossible to hide since bother companies are publicly traded, it would also surely break some laws to attempt to hide that critical information from the public.
     
  5. Opus

    Opus Road Train Member

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    Saia was a private company started by Louis Saia.
     
  6. FLHT

    FLHT Road Train Member

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    Saia and Jevic were spun off from Yellow in 2002.
     
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  7. Radman

    Radman Road Train Member

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    Saia upper people know how to make money and turn a profit. They don’t mismanage money. So I doubt it.
     
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  8. McUzi

    McUzi Road Train Member

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    I believe at one point in the 80’s SAIA was sold to Preston, which was then part of some later merger into a Yellow division. SAIA and Jevic spun off around 2002 and Jevic was dissolved around 2006 I think.
     
  9. ‘Olhand

    ‘Olhand Cantankerous Crusty

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    Only one who made out on that deal was Harry…sell Jevic to Yaller for mazillions.,..sign 5 year no compete….Start New Century…w/all Jevics old customers pissed at Yaller….create board of directors…mostly with old competitors what didn’t like him anyway…Piss em off some more…They demand his resignation as Pres… mazillion $$$ buyout severance pkg..,live happily rich ever after
     
  10. Lazer

    Lazer Road Train Member

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    Well, depends how far down the rabbit hole you want to go on the subject of ‘who owns who’.
    Reports of how much of the stock market is controlled by ‘investment houses’, stocks traded by computers, throw into that mix, Vanguard and BlackRock, it’s not really a stretch to say the ‘same’ people that owned Yellow own Saia, as well as any other company that is ‘publicly traded’.
     
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