Universal Logistics CEO touts company’s adaptability in ‘tough environment’

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

On Thursday, Universal (NASDAQ: ULH) released its second-quarter financial results, reporting $258 million in revenues and earnings of 23 cents per share, which topped the consensus forecast of 17 cents per share.

“We entered the second quarter with substantial portions of business...

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