Universal Logistics
Universal Posts Lower Profit, Declining Revenue in Q2
Universal Logistics Holdings
Universal Logistics Holdings reported July 30 that net income and revenue were down during the second quarter compared with last year.
July 31, 2020Universal Logistics Reports Revenue Increases, but Net Income Falls in Q1
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.”
May 1, 2020Tim Phillips Named CEO at Universal Logistics Holdings
Universal Logistics Holdings
Universal Logistics Holdings Inc. announced Jan. 13 that company veteran Tim Phillips has become its new CEO.
January 14, 2020Roadrunner Sells Intermodal Business to Universal Logistics for $51 Million
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.
November 5, 2019Universal Logistics Reports Net Loss of $8.4 Million
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.
October 25, 2019Universal Logistics Reports 12.9% Increase in Net Income for 2Q
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.
July 25, 2019Universal Logistics Acquires Michael’s Cartage
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, 2019Universal Logistics Reports Record Revenue in 4Q, 2018
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, 2019Universal 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, 2019Universal Logistics Reports Best-Ever 3Q Results
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.
October 25, 2018