Some of the drivers were told they could return as independent contractors if they purchased their own trucks.
The union drive marks the seventh company at the San Pedro ports to employ workers represented by the Teamsters.
Roadrunner Transportation continues to overhaul its portfolio with the sale of its flatbed unit.
Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.
Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.
General Motors strike, a personal injury lawsuit and soft freight market drive across- the-board losses.
Universal Logistics reported that it has agreed to a $36 million settlement for an accident that involved a “marginal driver.”
While management teams at some of the nation’s largest TL carriers have been talking up the potential for a solid peak shipping season, Universal Logistics has seen peak season sentiment move the opposite direction.
A softening freight market took a toll on Universal Logistics Holdings Inc. (NASDAQ: ULH), an asset-light provider of customized transportation and logistics solutions. The company reported second quarter 2019 net income of $20 million, or $0.70 per share, a 12.9 percent increase over the same period last year. Universal also reported second quarter 2019 operating […]
The on-demand warehousing solution picks up leading logistics providers as customers.
“We have a lot of reasons to believe 2019 will be our best ever.”
Universal and other carriers with exposure to automotive verticals face impact of GM plant shutdowns.
Company makes fourth acquisition in 2018.
The company lined up about $350 million in financing and cites acquisitions and debt payments as the core of its plans.
Michigan-based asset-light logistics provider aims to boost western U.S. presence with latest acquisition.
