Saia Keeps Trucks Rolling Despite Hurricane Katrina
SCS Transportation Inc. said operations at its wholly owned subsidiary, Saia, have been impacted in selected markets due to the effects of Hurricane Katrina
SCS Transportation Inc. said operations at its wholly owned subsidiary, Saia, have been impacted in selected markets due to the effects of Hurricane Katrina.
While facilities are standing and dry, New Orleans and Gulfport, Miss., terminals are temporarily closed due to the devastation in surrounding communities, limited access to roads and loss of power and communications systems.
"Although Saia today operates across a 30-state network, its heritage dates to the 1920s as a Louisiana and Gulf Coast company. The No. 1 priority right now is the well-being of employees and their families, as well as the customers and neighbors who have been part of the Saia family for so long," said Bert Trucksess, chairman, president and chief executive officer of SCS Transportation.
In July 2005, the two terminals accounted for an estimated 2.8 percent of consolidated revenue, some of which is now being serviced by other network facilities. The company is still assessing the potential revenue, cost and business interruption insurance impacts from the hurricane. The effect on annual earnings guidance, if any, cannot be determined at this time.
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