SAIA — what changed in the latest 10-Q
A section-by-section comparison of SAIA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-30 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +17 | −13 | ~14 | 43 |
| Market risk (Item 3) | Text added/removed | 0 | −1 | ~1 | 1 |
| Controls & procedures | Text added/removed | +4 | −1 | 0 | 9 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-30
Quarter and six months ended June 30, 2026 compared to quarter and six months ended June 30, 2025
For the six months ended June 30, 2026, operating revenues were $1.8 billion, up 9.8 percent from operating revenues for the six months ended June 30, 2025 as a result of an increase in fuel surcharge revenue, higher volumes and pricing actions. Fuel surcharge revenue as a percentage of operating re…
Consolidated operating income was $125.2 million in the second quarter of 2026 compared to $99.4 million in the prior year quarter. The increase is a result of increased revenue, partially offset by higher overall compensation levels, increased fuel costs and increased purchased transportation expen…
Salaries, wages and employees’ benefits increased $43.4 million in the second quarter of 2026 compared to the second quarter of 2025. This change was primarily driven by increased employee hours in response to increased volumes, increased compensation levels due to company performance and a Company-…
For the six months ended June 30, 2026, consolidated operating income was $192.0 million, up 13.2 percent compared to $169.6 million for the six months ended June 30, 2025. This increase in consolidated operating income during the first six months of 2026 was the result of increased revenue, partial…
Text removed vs the prior filing · source: 10-Q · 2026-04-30
Quarter ended March 31, 2026 compared to quarter ended March 31, 2025
Consolidated operating income was $66.8 million in the first quarter of 2026 compared to $70.2 million in the prior year quarter. The decrease is a result of increased self-insurance costs, increased purchased transportation expense, increased fuel expense and increased depreciation expenses. The fi…
Salaries, wages and employees’ benefits increased $4.0 million in the first quarter of 2026 compared to the first quarter of 2025. This change was primarily driven by higher group health insurance costs, which increased by approximately $7.9 million related to elevated claims activity and average co…
Interest expense for the quarter ended March 31, 2026 was lower than the same period in 2025 due to lower average balances under our credit arrangements during the first quarter of 2026.
The effective tax rate was 23.3 percent and 24.0 percent for the quarters ended March 31, 2026 and 2025, respectively.
Market risk (Item 3)
Text removed vs the prior filing · source: 10-Q · 2026-04-30
The carrying amount of the Company’s variable rate debt approximates fair value as interest rates approximate the current rates available to the Company.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-07-30
Other than the following risk factor, which replaces the risk factor titled “We face litigation risks that could have a material adverse effect on the operation of our business,” there have been no material changes to the risk factors identified in Part I, Item 1A. “Risk Factors” in our Annual Repor…
We face litigation risks that could have a material adverse effect on our business.
We face litigation risks regarding a variety of issues, including accidents involving our trucks and employees, workers’ compensation claims, federal and state labor and employment law claims, securities claims, privacy claims, contract claims, environmental liability, and other matters. There has a…
In recent years, several insurance companies have completely stopped offering coverage to trucking companies for automobile liability claims, have significantly reduced the amount of coverage they offer or have significantly raised premiums as a result of increases in the severity of automobile liab…
Text removed vs the prior filing · source: 10-Q · 2026-04-30
There have been no material changes to the risk factors identified in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10‑K for the year ended December 31, 2025.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice