Universal Logistics

More than 1,300 layoffs hit freight-related companies in Texas, Florida, Illinois, Michigan and Georgia over the past two weeks.

Universal Logistics Holdings released its third-quarter financial results on Friday, reporting year-over-year decreases in its trucking, intermodal and brokerage segments.

The ever-changing trucking scene in California started off 2023 with a visit from Washington and a removal of some engines from the road.

In the first earnings call since its AB5-driven deal with the Teamsters, Universal CEO Tim Phillips speaks positively about its impact.

The Teamsters call it a strike, but it is more of a protest. Still, it did garner support from another union on Wednesday.

The NLRB action is a gathering of earlier Teamsters actions against Universal, now pulled together in one filing by the government agency.

In today’s edition of The Daily Dash, a lawmaker would like to make COVID vaccines available at a truck stop chain; the future of trucking regulations; and why is trucking employment falling?

In today’s edition of The Daily Dash, peak season could be among the most volatile in years if current data trends continue. Plus, grading the success of the president, and Amazon’s logistics network just keeps growing.

Universal Logistics credits its turnaround to the resurgence of the North American automotive industry, particularly in the light-truck and SUV markets.

Universal Logistics reported revenue of $365 million during the third-quarter, a 2.8% decrease compared to the same period last year.

While revenue for Universal Logistics Holdings’ truckload, brokerage and intermodal segments all declined during the second quarter, the CEO said he was pleased with the “anticipated direction of our current operations.”

On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million.

Company reports 30% plunge in revenue during month, but CEO Tim Phillips hopes the resumption of auto and heavy truck plants will bring some relief this month.

ULH withdraws 2020 outlook and suspends dividends after slowdowns in retail and manufacturing weigh on first-quarter financial results.

Company posts expected $8.6 million profit as intermodal helps offset declines from trucking and other divisions as new CEO looks to better performance in 2020.

Universal Logistics Holdings names current head of transportation Tim Phillips as its new CEO. Phillips succeeds former CEO Jeff Rogers who “separated” from the company on Friday.

Intermodal business surges from acquisitions made during 2018.

The transportation and logistics services company closed out 2018 with the highest quarterly revenue ever reported.

It was a better quarter for three companies representing different sectors: 3PL, intermodal and truckload.

Universal is bullish on its intermodal division, and the Southern Counties acquisition will allow it to expand its footprint in that area.

All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated

Strong revenue and profit numbers, but margins are challenged from a few years ago.