Universal Logistics’ Q1 trucking revenue falls 12.6%

Capt. John

Universal Logistics Holdings’ first-quarter results showed year-over-year (y/y) decreases in its trucking, intermodal and managed brokerage segments, while the company’s total revenue increased 12.5% to $491.9 million.

“The first quarter was certainly a challenging environment for our transactional transportation business, but overall, I’m extremely pleased with our results,” CEO Tim Phillips said during an earnings call with analysts on Friday. “This was the best earnings-per-share and...

https://www.freightwaves.com/news/universal-logistics-q1-trucking-revenue-falls-12-6

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