---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-069432"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:43:19.999246+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Saia acquires 17 Yellow Corp terminals for $235.7M in bankruptcy court-approved sale

## Summary
- Saia to pay $235.7M cash for 17 freight terminals in 14 states from bankrupt Yellow Corp.
- Bankruptcy Court hearing on Dec 12, 2023; transaction expected to close Q1 2024.
- Saia made $11.8M earnest money deposit; balance from cash on hand and credit facilities.
- Acquisition expands Saia's terminal network; assumes defined liabilities including cure costs and environmental.
- Representations and warranties do not survive closing; parties retain specific performance rights.

## SEC filing metadata
- accession: 0000950170-23-069432
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177702/000095017023069432/0000950170-23-069432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000095017023069432/saia-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-069432
- JSON: https://secwatch.observer/filing/0000950170-23-069432.json
- Plain text: https://secwatch.observer/filing/0000950170-23-069432.txt

## Key facts
- Material Agreements
  SAIA INC entered into Asset Purchase Agreement with Yellow Corporation and certain of Yellow's subsidiaries valued at $235.7 million (effective 2023-12-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Yellow Corporation and certain of Yellow's subsidiaries
  - Value: $235.7 million
  - Effective: 2023-12-05
  source text: On December 5, 2023, Saia, Inc. (the “Company”), and its wholly-owned subsidiary Saia Motor Freight Line, LLC (the “Purchaser”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Yellow Corporation (“Yellow”) and certain of Yellow’s subsidiaries (together with Yellow, the “Sellers”) in connection with the Sellers’ proposed asset sale pursuant to Chapter 11 of Title 11 of the United States Code
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177702/000095017023069432/0000950170-23-069432-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.