Saia (SAIA) 8-K SCS Transportation, Inc. Reports Third-Quarter EPS of $0.47

Exhibit 99.1

October 25, 2005

SCS Transportation, Inc. Reports Third-Quarter EPS of $0.47

KANSAS CITY, Mo. – SCS Transportation, Inc. (NASDAQ: SCST), today reported third-quarter revenue of $284.5 million, up 11 percent from $256.8 million in the third quarter of 2004. Consolidated operating income for the third quarter was $13.9 million, up 3 percent from the prior-year quarter. Net income was $7.0 million, up 7 percent from $6.6 million in the third quarter of 2004. Earnings per share were $0.47, a 9 percent increase compared with $0.43 a year earlier.

“We achieved record consolidated revenues and earnings in the quarter, despite weather challenges in our historically important Gulf Coast markets,” said Bert Trucksess, chairman, president and chief executive officer of SCS Transportation. “We believe ongoing initiatives provide further opportunity for revenue and profitability improvements.”

The current-quarter and year-earlier operating results were subject to several unusual items:

• Hurricanes Katrina and Rita caused property damage and disrupted operations, which adversely impacted third-quarter consolidated results. The company has not completed an assessment of business interruption impact and third-quarter results do not include an estimate of insurance recovery, which we anticipate in a future period.

• Current-quarter results also include a charge of $0.8 million, or $0.03 per share, for executive severance costs.

• Third-quarter 2004 results at Jevic included a $1.9 million charge, which resulted from unfavorable development of prior-year workers’ compensation claims, partially offset by a $0.6 million gain on the sale of excess real estate, for a net unfavorable impact of $0.05 per share.

Update on Operating Companies

Saia

• Revenue increased 15 percent to $198.8 million versus the prior-year quarter.

• LTL tonnage increased 7 percent from the prior year.

• Operating income rose 27 percent to $13.4 million, for an operating ratio of 93.3 percent.

“Saia’s momentum in growth and profitability improvement continued, despite significant impact from Hurricanes Katrina and Rita,” Trucksess said. “Saia is focused on capitalizing on industry consolidation opportunities, while they continue to evaluate future geographic expansion.”

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Jevic

• Revenue was $85.7 million, up 1 percent from 2004.

• Tonnage weakness continued, with tonnage down 4 percent versus 2004.

• Operating income was $1.4 million, for an operating ratio of 98.4 percent.

“Jevic’s priority is to improve profitability and we are pleased with the early progress under Dave Gorman’s new leadership,” Trucksess said. “Key initiatives focus on the basic fundamentals of growing LTL tonnage, improving cost effectiveness and improving revenue quality.”

Financial Position and Outlook

Total debt at September 30, 2005, was $125.8 million and debt to total capital stood at 36.6 percent.

The Company expects net capital expenditures of approximately $65 to $75 million in 2005. Net capital expenditures year-to-date were $42.4 million. As of September 30, 2005, the Company has acquired 724,900 shares at a cost representing 64 percent of its $20 million stock repurchase program.

Year-to-date earnings per share are $1.10. Third-quarter trends, seasonally adjusted and without unusual items, are continuing early in the fourth quarter. Consistent with recent past practice of not providing individual quarterly guidance, the Company is not providing guidance on the fourth quarter and thus the full calendar year. Further, the Company intends to discontinue the practice of providing annual earnings guidance, in favor of offering long-term perspectives on business rather than shorter-term numerical ranges.

Conference Call

SCST will hold a conference call to discuss third-quarter results on Wednesday, October 26, 2005, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To participate in the call, please dial 1-800-275-8866 or dial 1-706-634-4936 for international calls. Callers should dial in five to 10 minutes in advance of the conference call. This call will be webcast live via the company web site atwww.scstransportation.com and will be archived on the site. A replay of the call will be available two hours after the completion of the call through November 2, 2005. The replay is available by dialing 1-800-642-1687 and using conference code 1163793.

The webcast is also being distributed over CCBN’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN’s individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN’s Individual Investor Network. Institutional investors can access the call via CCBN’s password-protected event management site, StreetEvents (www.streetevents.com).

SCS Transportation, Inc. provides trucking transportation and supply chain solutions to a broad base of customers across the United States. With annual revenue exceeding $1 billion, the

SCS Transportation Third-Quarter 2005 Earnings	October 25, 2005
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Company focuses on regional and interregional less-than-truckload (LTL), and selected truckload (TL) and time-definite services. Operating subsidiaries are Saia, a multi-region LTL carrier based in Duluth, Ga., and Jevic, a hybrid LTL and truckload carrier based in Delanco, N.J. Headquartered in Kansas City, Mo., SCST has approximately 9,000 employees nationwide.

The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release contains these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “may,” “plan,” “predict,” “believe” and similar words or expressions are intended to identify forward-looking statements. We use such forward-looking statements regarding our future financial condition and results of operations and our business operations in this release. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to, general economic conditions; labor relations; cost and availability of qualified drivers, fuel, purchased transportation, insurance coverage, property, revenue equipment and other operating assets; governmental regulations, including but not limited to Hours of Service, engine emissions, compliance with recent legislation requiring companies to evaluate their internal control over financial reporting and Homeland Security; dependence on key employees; inclement weather; integration risks; effectiveness of company-specific performance improvement initiatives; competitive initiatives and pricing pressures including fuel surcharges and other accessorials; terrorism risks; insurance claim recoveries, self-insurance claims, equity-based compensation and other expense volatility; the Company’s determination from time to time whether to purchase any shares under the repurchase program; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s SEC filings.

# # #

CONTACT:	Greg Drown
	Treasurer
	SCS Transportation
	816-714-5906
	gdrown@scstransportation.com
	Dick Johnson
	Johnson Strategic Communications Inc.
	913-649-8885
	dick@johnsonstrategic.com

SCS Transportation, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Amounts in thousands)
(Unaudited)

	September 30,			December 31,
	2005			2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	3,943		$	7,499
Accounts receivable		141,927			110,044
Prepaid expenses and other		34,214			35,721
Total current assets		180,084			153,264
PROPERTY AND EQUIPMENT:
Cost		602,037			569,526
Less: Accumulated depreciation		269,849			248,914
Net property and equipment		332,188			320,612
GOODWILL AND OTHER ASSETS		34,457			34,862
Total assets	$	546,729		$	508,738
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable and checks outstanding	$	52,749		$	33,193
Wages and employees’ benefits		42,401			35,761
Other current liabilities		35,201			28,981
Current portion of long-term debt		2,500			1,263
Total current liabilities		132,851			99,198
OTHER LIABILITIES:
Long-term debt		123,281			121,547
Deferred income taxes		51,951			57,662
Claims, insurance and other		21,110			17,789
Total other liabilities		196,342			196,998
SHAREHOLDERS’ EQUITY:
Common stock		15			15
Additional paid-in capital		207,066			205,800
Treasury stock		(12,721	)		—
Deferred compensation trust		(1,411	)		(1,116	)
Retained earnings		24,587			7,843
Total shareholders’ equity		217,536			212,542
Total liabilities and shareholders’ equity	$	546,729		$	508,738

SCS Transportation, Inc. and Subsidiaries
Consolidated Income Statements
Forthe Quarter and Nine Months Ended September 30, 2005 and 2004
(Amounts in thousands, except per share data)
(Unaudited)

	Third Quarter						Nine Months
	2005			2004			2005			2004
OPERATING REVENUE	$	284,537		$	256,824		$	809,711		$	730,332
OPERATING EXPENSES:
Salaries, wages and employees’ benefits		152,651			143,074			440,169			408,300
Purchased transportation		26,656			25,241			71,473			68,817
Operating expenses and supplies		61,843			48,461			170,525			136,096
Operating taxes and licenses		10,531			9,583			31,566			28,076
Claims and insurance		7,107			6,074			25,789			21,071
Depreciation and amortization		12,253			12,180			36,129			35,957
Operating (gains) and losses		(378	)		(1,305	)		(1,295	)		(1,734	)
Integration charges		—			—			—			2,054
Total operating expenses		270,663			243,308			774,356			698,637
OPERATING INCOME		13,874			13,516			35,355			31,695
NONOPERATING EXPENSES:
Interest expense		2,388			2,489			7,239			7,296
Other, net		(137	)		(19	)		(120	)		(146	)
Nonoperating expenses, net		2,251			2,470			7,119			7,150
INCOME BEFORE INCOME TAXES		11,623			11,046			28,236			24,545
Income tax provision		4,641			4,494			11,492			9,913
NET INCOME	$	6,982		$	6,552		$	16,744		$	14,632
Average common shares outstanding — basic		14,499			14,910			14,815			14,830
Average common shares outstanding — diluted		14,828			15,345			15,158			15,300
Basic earnings per share	$	0.48		$	0.44		$	1.13		$	0.99
Diluted earnings per share	$	0.47		$	0.43		$	1.10		$	0.96

SCS Transportation, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2005 and 2004
(Amounts in thousands)
(Unaudited)

	2005			2004
OPERATING ACTIVITIES:
Net cash from operating activities	$	48,181		$	43,453
INVESTING ACTIVITIES:
Acquisition of property and equipment		(45,880	)		(35,437	)
Proceeds from disposal of property and equipment		3,433			7,332
Acquisition of subsidiary, net of cash received		—			(23,549	)
Net cash used in investing activities		(42,447	)		(51,654	)
FINANCING ACTIVITIES:
Borrowing of long-term debt		10,886			—
Repayment of long-term debt		(8,002	)		—
Repurchase of common stock		(12,721	)		—
Proceeds from stock option exercises		547			1,118
Net cash from (used in) financing activities		(9,290	)		1,118
NET DECREASE IN CASH & CASH EQUIVALENTS		(3,556	)		(7,083	)
CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD		7,499			30,870
CASH & CASH EQUIVALENTS, END OF PERIOD	$	3,943		$	23,787

Saia Motor Freight Line, Inc.
Financial Information
For the Quarter and Nine Months Ended September 30, 2005 and 2004
(Amounts in thousands)

	Third Quarter				%		Nine Months				%
	2005		2004		Change		2005		2004		Change
Operating revenue (excluding fuel surcharge)		177,984		162,341		9.6		501,398		455,062		10.2
Operating revenue		198,810		172,307		15.4		551,599		479,727		15.0
Operating income		13,406		10,526				34,876		25,734
Integration charges*		—		—				—		2,054
Operating income excluding integration charges*		13,406		10,526				34,876		27,788
Operating ratio		93.3		93.9				93.7		94.6
Operating ratio excluding integration charges*		93.3		93.9				93.7		94.2

										Third Quarter
		Third Quarter					%			Amount/Workday				%
		2005			2004		Change			2005		2004		Change
Workdays											64		64
F/S Revenue	LTL		183,929			159,672		15.2			2,873.9		2,494.9		15.2
	TL		14,881			12,635		17.8			232.5		197.4		17.8
	Total		198,810			172,307		15.4			3,106.4		2,692.3		15.4
				��
Revenue excluding	LTL		184,207			159,723		15.3			2,878.2		2,495.7		15.3
revenue recognition	TL		14,904			12,639		17.9			232.9		197.5		17.9
adjustment	Total		199,111			172,362		15.5			3,111.1		2,693.2		15.5
Tonnage	LTL		821			764		7.4			12.82		11.93		7.4
	TL		170			160		6.2			2.66		2.51		6.2
	Total		991			924		7.2			15.48		14.44		7.2
Shipments	LTL		1,477			1,398		5.6			23.07		21.84		5.6
	TL		23			22		8.0			0.36		0.34		8.0
	Total		1,500			1,420		5.7			23.43		22.18		5.7
Revenue/cwt.	LTL		11.22			10.46		7.4
	TL		4.37			3.94		11.0
	Total		10.05			9.33		7.7
Revenue/cwt.	LTL		9.97			9.81		1.6
(excluding fuel surcharge)	TL		4.29			3.90		10.0
	Total		9.00			8.79		2.4
Revenue/shipment	LTL		124.74			114.26		9.2
	TL		641.58			587.61		9.2
	Total		132.75			121.44		9.3
Pounds/shipment	LTL		1,111			1,093		1.7
	TL		14,666			14,910		(1.6	)
	Total		1,321			1,302		1.5

* — Integration charges consist of employee retention and stay bonuses, communications, re-logoing the fleet of Clark Bros., technology integration and other items in connection with the integration of the operations of Clark Bros. Management believes that excluding these charges more accurately reflects the core operating performance of Saia.

Jevic Transportation, Inc.
Financial Information
For the Quarter and Nine Months Ended September 30, 2005 and 2004
(Amounts in thousands)

	Third Quarter				%			Nine Months				%
	2005		2004		Change			2005		2004		Change
Operating revenue (excluding fuel surcharge)		76,128		79,406		(4.1	)		233,666		237,317		(1.5	)
Operating revenue		85,727		84,517		1.4			258,112		250,605		3.0
Operating income		1,414		2,832					2,461		8,300
Operating ratio		98.4		96.6					99.0		96.7

									Third Quarter
		Third Quarter				%			Amount/Workday				%
		2005		2004		Change			2005		2004		Change
Workdays										64		64
F/S Revenue	LTL		54,243		54,469		(0.4	)		847.5		851.1		(0.4	)
	TL		27,263		26,450		3.1			426.0		413.3		3.1
	Other		4,221		3,598		17.3			66.0		56.2		17.3
	Total		85,727		84,517		1.4			1,339.5		1,320.6		1.4
Revenue excluding	LTL		54,420		54,663		(0.4	)		850.3		854.1		(0.4	)
revenue recognition	TL		27,360		26,548		3.1			427.5		414.8		3.1
adjustment	Other		4,221		3,598		17.3			66.0		56.2		17.3
	Total		86,001		84,809		1.4			1,343.8		1,325.1		1.4
Tonnage	LTL		250		266		(6.1	)		3.90		4.16		(6.1	)
	TL		294		301		(2.2	)		4.59		4.70		(2.2	)
	Total		544		567		(4.0	)		8.49		8.86		(4.0	)
Shipments	LTL		209		221		(5.4	)		3.26		3.45		(5.4	)
	TL		34		36		(3.9	)		0.54		0.56		(3.9	)
	Total		243		257		(5.2	)		3.80		4.01		(5.2	)
Revenue/cwt.	LTL		10.89		10.28		6.0
	TL		4.66		4.42		5.4
	Total		7.52		7.17		4.9
Revenue/cwt.	LTL		9.62		9.63		(0.2	)
(excl. fuel surcharge)	TL		4.11		4.14		(0.7	)
	Total		6.64		6.72		(1.2	)
Revenue/shipment	LTL		260.53		247.68		5.2
	TL		798.65		744.71		7.2
	Total		336.35		316.80		6.2
Pounds/shipment	LTL		2,391		2,410		(0.8	)
	TL		17,154		16,864		1.7
	Total		4,477		4,412		1.5