Universal Logistics Holdings

Universal Logistics blames falling demand for weak first quarter

Transportation and supply chain provider Universal Logistics Holdings said lagging demand for auto parts contributed to a sluggish first quarter.

Universal Logistics’ (NASDAQ: ULH) first-quarter operating revenue decreased 22.3% year over year to $382.4 million. First-quarter earnings per share came in at 23 cents per share, an 88% year-over-year decrease.

“The overall freight environment remained sluggish, and our largest vertical, automotive, saw a slowdown in January but improved as the...

https://www.freightwaves.com/news/universal-logistics-blames-falling-demand-for-weak-first-quarter

First Look: Universal Logistics Holdings

Universal Logistics Holdings’ first-quarter operating revenue decreased 22.3% year over year to $382.4 million, which company officials attributed to a sluggish freight market.

“While we gained positive momentum as the quarter progressed, the early softness posed a significant headwind to our overall performance for the entire period,” CEO Tim Phillips said in a news release. “Lower auto production, combined with sustained weakness in the freight market, resulted in top-line revenues falling...

https://www.freightwaves.com/news/first-look-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

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