Universal Logistics Holdings
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Company earnings
Universal Logistics reports brutal April as CEO looks toward recovery
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…
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Business
Universal Logistics’ profits plunge nearly 30% as COVID-19 hits truckload
ULH withdraws 2020 outlook and suspends dividends after slowdowns in retail and manufacturing weigh on first-quarter financial results.
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News
Roadrunner announces plans to delist from NYSE
Roadrunner seeks voluntary delisting from the NYSE as it continues its reorganization and focuses on asset-light offerings.
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Company earnings
Universal Logistics ekes out flat Q4 in promising end to rough 2019
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.
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News
Universal Logistics Holdings names new CEO amid ‘soft’ environment
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…
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Driver issues
Days before Christmas, Universal Logistics lays off 70 Port drivers
Some of the drivers were told they could return as independent contractors if they purchased their own trucks.
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Business
Universal Intermodal drivers at LA, Long Beach ports vote to join Teamsters
The union drive marks the seventh company at the San Pedro ports to employ workers represented by the Teamsters.
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Intermodal
Roadrunner sells flatbed unit, another step in restructuring
Roadrunner Transportation continues to overhaul its portfolio with the sale of its flatbed unit.
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News
Roadrunner incurs heavy losses amid restructuring
Roadrunner's third quarter earnings report resembled a triage list indicating that the company's restructuring path will be a bumpy one.
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Finance
Roadrunner continues to restructure, sells intermodal unit to Universal Logistics
Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.
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