Universal Logistics Holdings posted second-quarter revenue decreases in its trucking, brokerage and intermodal segments due to declines in freight volumes and rates, company officials said.
Operating revenue in Universal Logistics’ trucking division decreased 24% year over year (y/y) to $81.2 million, compared to $106.5 million for the same period last year.
Total revenue in the quarter was $412.5 million, a 22% y/y decline, and missed Wall Street estimates of $448 million.
“On the transportation...
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