Universal logistics’ intermodal struggles overshadow contract logistics growth, pushing the company into a quarterly loss.
Universal Logistics reported sharply lower Q4 revenue and earnings as freight demand softened and losses in intermodal dragged on overall results.
Universal Logistics Holdings reported a large headline net loss for the third quarter.
Universal Logistics Holdings reported a decline in second quarter earnings and revenue due to lower volumes and demand.
Universal Logistics Holdings reported a 15% decrease in revenue to $393.8 million in the second quarter.
Universal Logistics Holdings’ first-quarter revenue decreased 22.3% year over year to $382.4 million.
Universal Logistics Holdings reported a 22% decrease in revenue and an 88% drop in earnings per share in the first quarter.
Universal Logistics lowered its 2025 guidance due to headwinds in the intermodal market and expenses from a recent acquisition.
Universal Logistics Holdings reported a 19% increase in operating revenue to $465.1 million in the fourth quarter.
Firms in the U.S. have announced supply chain-related layoffs totaling 9,746 workers since the beginning of September.
Universal Logistics Holdings officials said they expect operating revenues of $1.8 billion to $1.9 billion in 2025.
Universal Logistics Holdings’ third-quarter financial results show year-over-year decreases in its trucking, brokerage and intermodal segments.
Universal Logistics Holdings saw increases in second-quarter top-line revenue, along with gains in its trucking and contract logistics segments.
Universal Logistics sees a potential uptick in trucking volumes and rates by the end of the year.
Universal Logistics posted lower Q4 revenue in its trucking, intermodal and brokerage segments.
Universal Logistics Holdings announced a $50 million expansion in Virginia to boost its heavy-truck division.
Universal Logistics Holdings released its third-quarter financial results on Friday, reporting year-over-year decreases in its trucking, intermodal and brokerage segments.
Universal Logistics reported revenue of $413 million and earnings per share of 90 cents during the second quarter.
Universal Logistics Holdings saw revenue declines in its trucking, brokerage and intermodal segments in the first quarter.
Flatbed operator Daseke saw its debt rating upgraded by S&P Global Ratings.
