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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
Saia, Inc. · 10-Q · Q2 FY2026 · Period ended Jun 30, 2026
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The Company is exposed to a variety of market risks including the effects of interest rates and diesel fuel prices. To help mitigate our risk to rising diesel fuel prices, the Company has an established fuel surcharge program. The detail of the Company’s debt structure is more fully described in Note 5, “Debt and Financing Arrangements,” of the accompanying unaudited condensed consolidated financial statements in this Form 10-Q.
The following table provides information about the Company’s third-party financial instruments as of June 30, 2026. The table presents annual principal cash flows (in millions) and related weighted average interest rates by contractual maturity dates. The fair value of fixed rate debt is based on current market interest rates for similar types of financial instruments, reflective of level two inputs.
2026
2026 2027 2028 2029 2030 Thereafter Total Fair Value
Fixed rate debt $0.1 $— $— $100.0 $— $— $100.1 $100.5
Average interest rate 3.1% — — 6.1% — — 6.1%