Universal Logistics

Business, Logistics, Top 100

Universal Posts Lower Profit, Declining Revenue in Q2

Universal Logistics Holdings truck Universal Logistics Holdings

Universal Logistics Holdings reported July 30 that net income and revenue were down during the second quarter compared with last year.

Connor D. Wolf | Staff Reporter
July 31, 2020
Business

Universal Logistics Reports Revenue Increases, but Net Income Falls in Q1

Universal Universal Logistics Holdings Inc.

Universal Logistics Holdings saw revenue increase but net income decline during a first quarter marked by what its leader described as a “deteriorating operating environment caused largely by the COVID-19 pandemic.”

Connor D. Wolf | Staff Reporter
May 1, 2020
Business, Logistics, Top 50

Tim Phillips Named CEO at Universal Logistics Holdings

Universal Logistics Holdings truck Universal Logistics Holdings

Universal Logistics Holdings Inc. announced Jan. 13 that company veteran Tim Phillips has become its new CEO.

Connor D. Wolf | Staff Reporter
January 14, 2020
Business, Logistics, Top 100

Roadrunner Sells Intermodal Business to Universal Logistics for $51 Million

Roadrunner truck The intermodal business had revenue of approximately $125 million for the 12 months ended Sept. 30 and was part of the company’s truckload segment, according to Roadrunner officials. (Roadrunner Transportation Systems Inc.)

Roadrunner Transportation Systems has sold its intermodal business to Universal Logistics Holdings for $51.25 million in cash, the transportation and asset-light logistics company announced Nov. 5.

Jim Stinson | Staff Reporter
November 5, 2019
Business, Logistics

Universal Logistics Reports Net Loss of $8.4 Million

Universal Logistics Holdings truck Despite reporting a net loss of $8.4 million in the third quarter, revenue was up over the year-ago period. (Universal Logistics Holdings Inc.)

Universal Logistics Holdings Inc. reported a third-quarter net loss of $8.4 million, compared with $15.1 million net income in the third quarter of 2018.

Jim Stinson | Staff Reporter
October 25, 2019
Business, Top 50

Universal Logistics Reports 12.9% Increase in Net Income for 2Q

Universal Logistics Universal Logistics tractors. (Universal Logistics via Facebook)

Universal Logistics Holdings Inc. reported net income of $20 million for its quarter ending June 29, a 12.9% increase over the same quarter last year.

Jim Stinson | Staff Reporter
July 25, 2019
Business, Logistics

Universal Logistics Acquires Michael’s Cartage

Universal Logistics Holdings Based in Warren, Mich., Universal Logistics operates throughout the United States, Mexico, Canada and Colombia. (TT file photo)

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.

May 3, 2019
Business, Top 50

Universal Logistics Reports Record Revenue in 4Q, 2018

Universal Logistics Universal Logistics Holdings Inc.

Universal Logistics Holdings Inc. reported its best quarter ever, marking its eighth consecutive reporting period in which a revenue record was set.

February 25, 2019
Business, Logistics

Universal Logistics Acquires Container Connection in Latest Drayage Expansion

Universal Logistics Holdings, an asset-light provider of customized transportation and logistics solutions, has announced the acquisition of Deco Logistics and Oaktree Logistics, which conduct business as Container Connection.

January 4, 2019
Business, Logistics, Top 50, Top 100

Universal Logistics Reports Best-Ever 3Q Results

Universal Logistics Holdings truck Universal Logistics Holdings

Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.

Daniel P. Bearth | Staff Writer
October 25, 2018

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