Universal Logistics Acquires Michael’s Cartage
Universal Logistics Holdings Inc., an asset-light transportation and logistics company, acquired Michael’s Cartage Inc., according to an April 22 news release. Terms were not disclosed.
Headquartered in Bridgeview, Ill., Michael’s is a full-service intermodal drayage company. Universal Logistics officials said Michael’s Cartage has served the Midwest for 20 years.
Michael’s has a fleet of more than 130 tractors, providing intermodal drayage services primarily within a 300-mile radius of the Chicagoland area, according to Universal Logistics.
For the year that ended Dec. 31, 2018, Michael’s reported total operating revenues of $31.1 million.
Universal Logistics will operate Michael’s Cartage to operate as a subsidiary of Universal Intermodal Inc. CEO Jeff Rogers said his company is actively seeking opportunities in other key transportation markets, including Dallas, Atlanta and Kearny, N.J.
Based in Warren, Mich., Universal Logistics operates throughout the United States, Mexico, Canada and Colombia.
Universal Logistics ranks No. 31 on the Transport Topics Top 100 list of the largest for-hire carriers in the North America. — Transport Topics
