Less-than-truckload (LTL) carrier Saia stated it is unconcerned about fluctuating quarterly financial results as it expands its national network through terminal acquisitions. The company is prioritizing the long-term capabilities of its business and the potential returns now that it serves all 48 contiguous United States. Saia (NASDAQ: SAIA) fell short of third-quarter expectations, reporting earnings per share of $3.46, which was 7 cents below the consensus estimate and 21 cents lower than the previous year. "These investments were never about the current quarter, the next quarter, or frankly next year, but an opportunity to transform our footprint and market positioning into the future," said Fritz Holzgrefe, Saia's president and CEO, during a call with analysts. The carrier opened 11 new terminals and relocated one facility in the third quarter, bringing the total new service centers opened this year to 18, with three more planned for the fourth quarter. These 21 new locations are part of an expansion program that also includes relocating some terminals to larger and more strategically situated spaces. Saia anticipates operating 214 service centers by year-end, with the capacity to scale up some of the new sites to handle increased volume when market conditions improve. Earlier this year, the company acquired 28 terminals from the bankrupt Yellow Corp. (OTC: YELLQ) estate for $235.7 million. The debt incurred to fund these acquisitions led to a nearly $5 million year-over-year swing.