Is Saia Really A Reincarnation Of Yellow Freight?

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

 

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.

 

Saia was a private company started by Louis Saia.

 

Saia - Wikipedia

 

Saia and Jevic were spun off from Yellow in 2002.

 

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

 

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.

 

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

 

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’.