Universal Logistics Holdings

Universal Logistics Holdings forecasts lower 2025 earnings

Universal Logistics Holdings lowered its full-year 2025 guidance amid a sluggish automotive production market and challenges in intermodal sales.

The company released its fourth-quarter results after the market closed on Thursday and held an earnings call Friday.

Officials said on the call that they expect total revenues of $1.7 billion to $1.8 billion and operating margins in the 7% to 9% range for 2025.

In the third quarter, the company’s full-year guidance for 2025 called for revenues between...

https://www.freightwaves.com/news/universal-logistics-holdings-forecasts-lower-2025-earnings

First look: Universal Logistics Q4 earnings

Universal Logistics Holdings reported a 19% year-over-year increase in operating revenue to $465.1 million in the fourth quarter.

The company’s adjusted earnings per share decreased 4.9% year over year to 77 cents during the quarter.

Universal Logistics beat Wall Street analysts’ revenue estimates of $435.7 million in the fourth quarter but missed on EPS expectations of 92 cents per share.

Company officials touted results in its contract logistics segment and demand for heavy-haul services during...

https://www.freightwaves.com/news/first-look-universal-logistics-q4-earnings

More than 4,500 freight-related layoffs slated for firms nationwide

Layoffs continue to surge across freight-related companies in the U.S., with 4,511 recently announced by companies in Alabama, California, Maryland, Michigan, New York, Ohio, Oklahoma and Pennsylvania.

Firms in the U.S. have announced supply chain-related layoffs totaling 9,746 workers over the last five months, according to companies filing Worker Adjustment and Retraining Notification (WARN) Act notices.

Big Lots

Discount retail giant Big Lots (OTCMKTS: BIGGQ) filed for Chapter 11 bankruptcy...

https://www.freightwaves.com/news/more-than-4500-freight-related-layoffs-slated-for-firms-nationwide

Universal Logistics misses on Q3 EPS and revenue forecasts

Universal Logistics Holdings reported a 1.3% increase in operating revenue to $426.8 million in the third quarter.

The company also reported earnings per share of $1.01 per in the third quarter.

However, Universal Logistics posted year-over-year decreases in its trucking, brokerage and intermodal segments, and shuttered its company-managed brokerage operation in the quarter.

“Universal, once again, delivered solid results in the third quarter 2024. We grew top-line revenues by 1.3%, delivered a...

https://www.freightwaves.com/news/universal-logistics-misses-on-q3-eps-and-revenue-forecasts

Universal Logistics Holdings Q3 earnings: First look

Universal Logistics Holdings’ third-quarter financial results were mixed, as the company saw year-over-year decreases in its trucking, brokerage and intermodal segments.

The Warren, Michigan-based company reported operating income increased $5.8 million to $42.6 million, compared to $36.8 million in the third-quarter of 2023. 

Universal (Nasdaq: ULH) also reported net income of $26.5 million, or $1.01 per share in the third-quarter, a 14.7% year-over-year increase compared to 2023.

Universal...

https://www.freightwaves.com/news/universal-logistics-holdings-q3-earnings-first-look

Universal Logistics’ Q2 trucking revenue increases 12.6% to $91M

Universal Logistics Holdings’ second-quarter results showed a 12% year-over-year increase in total revenue to $462.2 million, while earnings increased 30% year over year to $1.17 per share.

The company surpassed Wall Street expectations of $461.4 million in revenue and EPS of $1.14.

“We grew top-line revenue by 12%, delivered a double-digit operating margin and increased our earnings per share by 30% compared to the same period last year,” CEO Tim Phillips said during an earnings call with...

https://www.freightwaves.com/news/universal-logistics-q2-trucking-revenue-increases-12-6-to-91m

Universal Logistics’ Q1 trucking revenue falls 12.6%

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

Universal Logistics sees potential back-half uptick in freight volumes

Universal Logistics Holdings Inc. surpassed Wall Street expectations in the fourth quarter, despite revenue decreases across the firm’s trucking, intermodal and brokerage segments.

“The outlook for 2024 remains a bit murky with a variety of signals from various market verticals,” Tim Phillips, CEO of Universal Logistics Holdings, said in a call with analysts on Friday. “We’re not ready to predict a rise in volume from the current environment. We can explore potential pathways through the lens of...

https://www.freightwaves.com/news/universal-logistics-sees-potential-back-half-uptick-in-freight-volumes

Universal Logistics announces $50M truck division expansion in Virginia

Universal Logistics Holdings Inc. announced a 254,000-square-foot expansion in Roanoke, Virginia, to support its Class 8 truck parts subassembly division.

The $50 million expansion to the company’s Lee Highway building will create 45 direct jobs and “will be instrumental in catering to the growing demands of the heavy truck industry,” said Universal CEO Tim Phillips.

“Our expansion in the Roanoke region represents an exciting phase for Universal’s heavy truck division as we fortify our commitment...

https://www.freightwaves.com/news/universal-logistics-announces-50m-truck-division-expansion-in-virginia

Universal Logistics’ Q3 earnings decline in ‘sluggish freight market’

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Universal Logistics Holdings CEO Tim Phillips described the company’s third-quarter earnings...

https://www.freightwaves.com/news/universal-logistics-q3-earnings-decline-in-sluggish-freight-market

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