Atlanta-based Saia Motor Freight Line has acquired the former Holland terminal in Beaver Township, Ohio for $15.5 million, expanding its terminal network as it marks 100 years in the trucking industry.
The deal: On February 8th, Saia purchased the terminal previously owned by Holland Trucking, which ceased operations in 2023 following the bankruptcy of its parent company, Yellow Corporation.
Backstory: Holland was amongst the subsidiaries shuttered after Yellow, which acquired Holland in 2005, filed for Chapter 11 bankruptcy last summer, reported WFMJ News.
- With the addition of the Beaver Township terminal, Saia operates 194 terminals throughout the United States.
- The company currently employs nearly 14,000 people, upholding its significant presence in the industry.
Growth during adversity: The trucking firm's strategic acquisition reflects an ongoing commitment to expansion, even amidst challenges faced by other operators in the highly competitive and dynamic transportation sector.
Saia's acquisition not only strengthens its position but also underscores the resilient nature of certain segments of the trucking industry in times of sector-wide strain.
Industry Impact: This purchase could serve as a strategic foothold for Saia as it continues to serve customers across the nation and potentially increases its market share.