SCS Transportation, Inc. Reports Second-Quarter 2006 Earnings; Revenues and Operating Income Increase 21 Percent and 51 Percent, Respectively; Company Renamed Saia, Inc.

SCS Transportation, Inc. (NASDAQ: SCST), a holdingcompany comprised of Saia Motor Freight Line, Inc. (Saia), a leadingmulti-regional less-than-truckload (LTL) carrier, today reportedsecond-quarter 2006 results. The Company also announced today thateffective immediately its name has changed to Saia, Inc. and effectiveMonday, July 24, 2006 it will adopt and trade under the new NASDAQticker symbol "SAIA". These changes more accurately reflect theCompany's focus on its sole operating company, Saia, following theJune 30, 2006 completion of the sale of Jevic Transportation, Inc.(Jevic).

Second-Quarter 2006 Results from Continuing Operations Compared toSecond-Quarter 2005

-- Revenues were $225 million, an increase of 21 percent

-- Operating income was $17.0 million, an increase of 51 percent

-- Income from continuing operations was $9.0 million, an increase of 70 percent

-- Earnings per share from continuing operations were $0.60, an increase of 71 percent

Second-Quarter 2006 Operational Highlights From ContinuingOperations

-- LTL tonnage increased 12 percent versus the prior-year quarter

-- LTL yield grew 8 percent (3 percent excluding fuel surcharges)

-- Operating ratio, excluding restructuring charges, improved 220 basis points to 91.7

"Saia is a top-tier LTL service provider that delivered yetanother strong quarter," said Bert Trucksess, chairman and chiefexecutive officer. "We are confident that Saia is well-positioned forcontinued profitable growth and value creation and that the continuedexecution of Saia's strategic initiatives should create outstandingvalue for our shareholders."

Rick O'Dell, president, said, "Revenues benefited from bothtonnage growth well above the underlying economy and a favorablepricing environment. Operating income gains resulted from the volumeincreases as well as effective cost management."

Discontinued Operations and Related Charges

In connection with the sale of Jevic, the Company recorded anon-cash, after-tax charge in the second quarter of $44.0 million, or$2.96 per share. Jevic is now reflected as a discontinued operation inthe Company's financial statements. Also in the second quarter, theCompany recorded a pre-tax charge in continuing operations of $1.7million, or $0.07 per share, of an estimated $2.6 million in costsrelated to the planned consolidation and relocation of the Company'scorporate headquarters to Duluth, Ga.

Year-to-Date 2006 Results from Continuing Operations Compared toYear-to-Date 2005

-- Revenues were $429 million, an increase of 22 percent

-- Operating income was $25.6 million, an increase of 31 percent

-- Income from continuing operations was $12.9 million, an increase of 48 percent

-- Earnings per share from continuing operations were $0.87, an increase of 53 percent

Financial Position and Capital Expenditures

Total debt was $112.4 million at June 30, 2006, and debt to totalcapital was 36 percent. Net debt to total capital was 25 percent as aresult of the Company's $47.6 million cash balance reflecting proceedsfrom the sale of Jevic.

Consolidated net capital expenditures from continuing operationsfor the first six months of 2006 were $41.7 million. The Companyexpects 2006 net capital expenditures from continuing operations ofapproximately $90 million which includes planned investments instrategic real estate.

Conference Call

The Company will hold a conference call to discuss second-quarterresults on Friday, July 21, 2006, at 9:30 a.m. Eastern Time (8:30 a.m.Central Time). To participate in the call, please dial 1-800-275-8866or dial 1-706-634-4936 for international calls. Callers should dial infive to 10 minutes in advance of the conference call. This call willbe webcast live via the company web site at www.scstransportation.comand will be archived on the site. A replay of the call will beavailable two hours after the completion of the call through July 28,2006. The replay is available by dialing 1-800-642-1687 and usingconference code 2686402.

The webcast is also being distributed through the ThomsonStreetEvents Network. Individual investors can listen to the call atwww.earnings.com, Thomson's individual investor portal, powered byStreetEvents. Institutional investors can access the call via ThomsonStreetEvents (www.streetevents.com), a password-protected eventmanagement site.

Saia, Inc., formerly known as SCS Transportation, Inc., is theparent of Saia Motor Freight Line, Inc., a multi-region LTL carrierbased in Duluth, Ga. Saia focuses on regional and interregionalless-than-truckload (LTL), and selected truckload (TL) andtime-definite services. It operates 128 terminals throughout 30 statesand employs approximately 7,100 people. For more information, pleasevisit the Company's website at www.saia.com.

The Securities and Exchange Commission encourages companies todisclose forward-looking information so that investors can betterunderstand the future prospects of a company and make informedinvestment decisions. This news release contains these types ofstatements, which are "forward-looking statements" within the meaningof the Private Securities Litigation Reform Act of 1995.

Words such as "anticipate," "estimate," "expect," "project,""intend," "may," "plan," "predict," "believe" and similar words orexpressions are intended to identify forward-looking statements.Investors should not place undue reliance on forward-lookingstatements, and the Company undertakes no obligation to publiclyupdate or revise any forward-looking statements. All forward-lookingstatements reflect the present expectation of future events of ourmanagement and are subject to a number of important factors, risks,uncertainties and assumptions that could cause actual results todiffer materially from those described in any forward-lookingstatements. These factors and risks include, but are not limited to,general economic conditions; adjustments to consideration received forthe sale of Jevic; indemnification obligations associated with thesale of Jevic; cost and availability of qualified drivers, fuel,purchased transportation, property, revenue equipment and otheroperating assets; governmental regulations, including but not limitedto Hours of Service, engine emissions, compliance with recentlegislation requiring companies to evaluate their internal controlover financial reporting and Homeland Security; dependence on keyemployees; inclement weather; labor relations; integration risks;effectiveness of company-specific performance improvement initiatives;competitive initiatives and pricing pressures; terrorism risks;self-insurance claims, equity-based compensation and other expensevolatility; the Company's determination from time to time whether topurchase any shares under the repurchase program; and other financial,operational and legal risks and uncertainties detailed from time totime in the Company's SEC filings.
Saia, Inc. and Subsidiaries
(formerly SCS Transportation, Inc. and Subsidiaries)
Condensed Consolidated Balance Sheets
(Amounts in thousands)
(Unaudited)

June 30, December 31,
2006 2005
--------- ------------
ASSETS

CURRENT ASSETS:
Cash and cash equivalents $47,602 $ 16,865
Accounts receivable 95,959 85,074
Prepaid expenses and other 30,441 22,233
Current assets of discontinued operations - 50,073
--------- ------------
Total current assets 174,002 174,245

PROPERTY AND EQUIPMENT:
Cost 457,510 427,019
Less: Accumulated depreciation 191,689 180,385
--------- ------------
Net property and equipment 265,821 246,634

GOODWILL AND OTHER ASSETS 32,765 33,419
Long-term assets of discontinued operations, net - 100,443
--------- ------------
Total assets $472,588 $554,741
========= ============

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable and checks outstanding $ 43,166 $ 43,487
Wages and employees' benefits 39,105 37,915
Other current liabilities 27,101 26,797
Current portion of long-term debt 8,856 5,000
Current liabilities of discontinued operations - 23,388
--------- ------------
Total current liabilities 118,228 136,587

OTHER LIABILITIES:
Long-term debt 103,593 109,913
Deferred income taxes 40,949 40,949
Claims, insurance and other 12,199 14,041
Long-term liabilities of discontinued
operations - 24,859
--------- ------------
Total other liabilities 156,741 189,762

SHAREHOLDERS' EQUITY:
Common stock 15 14
Additional paid-in capital 197,498 194,398
Deferred compensation trust (1,630) (1,322)
Retained earnings 1,736 35,302
--------- ------------
Total shareholders' equity 197,619 228,392
--------- ------------
Total liabilities and shareholders' equity $472,588 $554,741
========= ============


Saia, Inc. and Subsidiaries
(formerly SCS Transportation, Inc. and Subsidiaries)
Consolidated Statements of Operations
For the Quarter and Six Months Ended June 30, 2006 and 2005
(Amounts in thousands, except per share data)
(Unaudited)

Second Quarter Six Months
------------------- -------------------
2006 2005 2006 2005
--------- --------- --------- ---------

OPERATING REVENUE $224,814 $185,824 $429,460 $352,789

OPERATING EXPENSES:
Salaries, wages and
employees' benefits 117,502 101,761 230,568 195,551
Purchased transportation 18,101 14,149 35,109 26,734
Operating expenses and
supplies 48,758 37,308 93,664 70,379
Operating taxes and licenses 7,303 6,513 14,651 12,732
Claims and insurance 6,793 7,662 13,099 14,234
Depreciation and
amortization 7,845 7,313 15,429 14,055
Operating (gains) and losses (191) (162) (324) (436)
Restructuring charges 1,680 - 1,680 -
--------- --------- --------- ---------
Total operating expenses 207,791 174,544 403,876 333,249
--------- --------- --------- ---------

OPERATING INCOME 17,023 11,280 25,584 19,540

NONOPERATING EXPENSES:
Interest expense 2,427 2,429 4,901 4,850
Other, net (28) (74) (213) 53
--------- --------- --------- ---------
Nonoperating expenses, net 2,399 2,355 4,688 4,903

INCOME BEFORE INCOME TAXES 14,624 8,925 20,896 14,637
Income tax provision 5,658 3,650 8,013 5,911
--------- --------- --------- ---------
INCOME FROM CONTINUING
OPERATIONS 8,966 5,275 12,883 8,726
Income (loss) from discontinued
operations, net (including loss
on disposal of $44,015 in 2006,
net of tax benefit) (44,903) 515 (46,449) 1,036
--------- --------- --------- ---------
NET INCOME (LOSS) $(35,937) $ 5,790 $(33,566) $ 9,762
========= ========= ========= =========

Average common shares
outstanding - basic 14,557 14,892 14,529 14,975
========= ========= ========= =========
Average common shares
outstanding - diluted 14,873 15,217 14,859 15,318
========= ========= ========= =========

Basic earnings per share-
continuing operations $ 0.61 $ 0.35 $ 0.89 $ 0.58
Basic earnings (loss) per
share-discontinued operations (3.08) 0.04 (3.20) 0.07
--------- --------- --------- ---------
Basic earnings (loss) per
share $ (2.47) $ 0.39 $ (2.31) $ 0.65
========= ========= ========= =========

Diluted earnings per share-
continuing operations $ 0.60 $ 0.35 $ 0.87 $ 0.57
Diluted earnings (loss) per
share-discontinued operations (3.02) 0.03 (3.13) 0.07
--------- --------- --------- ---------
Diluted earnings (loss) per
share $ (2.42) $ 0.38 $ (2.26) $ 0.64
========= ========= ========= =========


Saia, Inc. and Subsidiaries
(formerly SCS Transportation, Inc. and Subsidiaries)
Condensed Consolidated Statements of Cash Flows
For the Six Months Ended June 30, 2006 and 2005
(Amounts in thousands)
(Unaudited)

2006 2005
--------- ---------

OPERATING ACTIVITIES:
Net cash from operating activities-continuing
operations $ 27,609 $ 26,531
Net cash from operating activities-discontinued
operations 9,158 10,283
--------- ---------
Net cash from operating activities 36,767 36,814

INVESTING ACTIVITIES:
Acquisition of property and equipment (42,328) (14,349)
Proceeds from disposal of property and equipment 667 897
Proceeds from sale of subsidiary 41,200 -
Net investment in discontinued operations (5,359) (11,203)
--------- ---------
Net cash used in investing activities (5,820) (24,655)

FINANCING ACTIVITIES:
Repayment of long-term debt (2,500) (8,002)
Borrowing of long-term debt - 4,000
Repurchase of common stock - (9,177)
Proceeds from stock option exercises 2,290 514
--------- ---------
Net cash used in financing activities (210) (12,665)
--------- ---------

NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS 30,737 (506)
CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD 16,865 6,949
--------- ---------
CASH & CASH EQUIVALENTS, END OF PERIOD $ 47,602 $ 6,443
========= =========


Saia Motor Freight Line, Inc.
Financial Information
For the Quarter and Six Months Ended June 30, 2006 and 2005
(Amounts in thousands)

Second Quarter Six Months
---------------- % ---------------- %
2006 2005 Change 2006 2005 Change
---------------- ------ ---------------- ------

Operating
revenue 224,814 185,824 21.0 429,460 352,789 21.7

Operating income 19,117 12,507 31,577 21,470

Operating ratio 91.5 93.3 92.6 93.9

Second Quarter
----------------
Second Quarter Amount/Workday
---------------- % ---------------- %
2006 2005 Change 2006 2005 Change
---------------- ------ ---------------- ------
Workdays 64 64

F/S Revenue LTL 208,519 172,432 20.9 3,258.1 2,694.3 20.9
TL 16,295 13,392 21.7 254.6 209.3 21.7
Total 224,814 185,824 21.0 3,512.7 2,903.6 21.0

Revenue excluding
revenue LTL 208,867 172,720 20.9 3,263.5 2,698.8 20.9
recognition TL 16,322 13,414 21.7 255.0 209.6 21.7
adjustment Total 225,189 186,134 21.0 3,518.5 2,908.4 21.0

Tonnage LTL 882 787 12.1 13.78 12.29 12.1
TL 179 162 10.5 2.80 2.54 10.5
Total 1,061 949 11.9 16.58 14.83 11.9

Shipments LTL 1,564 1,416 10.5 24.44 22.12 10.5
TL 25 22 14.2 0.39 0.34 14.2
Total 1,589 1,438 10.5 24.83 22.46 10.5

Revenue/cwt. LTL 11.84 10.98 7.8
TL 4.55 4.13 10.1
Total 10.61 9.81 8.2

Revenue/cwt. LTL 10.26 9.95 3.1
(excluding fuel TL 4.46 4.07 9.8
surcharge) Total 9.28 8.95 3.8


Revenue/shipment LTL 133.53 121.99 9.5
TL 653.32 612.93 6.6
Total 141.70 129.47 9.4

Pounds/shipment LTL 1,128 1,111 1.5
TL 14,357 14,831 (3.2)
Total 1,336 1,320 1.2