Universal Logistics

Over 1,300 layoffs hit logistics companies across US

Layoffs continue across the freight and logistics industry, with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks.

Universal Logistics

Warren, Michigian-based Universal Logistics is permanently shuttering two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the state.

The layoffs are related to Universal-operated entities Logistics Insights Corp. and Universal...

https://www.freightwaves.com/news/over-1300-layoffs-hit-logistics-companies-across-us

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

California trucking: Older engines off the road; DOL’s Walsh talks unions

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California’s trucking sector kicked off the new year with an updated set of regulations and a visit...

https://www.freightwaves.com/news/california-trucking-older-engines-off-the-road-dols-walsh-talks-unions

Teamsters protest in SoCal gets burst of support from longshoremen

What had been deemed a strike in Southern California by the International Brotherhood of Teamsters — but was undertaken by people who were not employed — does appear to have disrupted some port operations in the Los Angeles/Long Beach port area Wednesday, albeit briefly.

Just how much of a disruption is a point of some contention. What is clear is that a protest by workers fired from divisions of Universal Logistics (NASDAQ: ULH)  late last year, soon after some of them had voted to unionize,...

https://s29755.pcdn.co/news/teamsters-protest-in-socal-gets-burst-of-support-from-longshoremen

Trucking firm clash with drivers’ union heats up and spreads into LA port

A confrontation between truck drivers and Universal Logistics, one of the largest trucking firms in southern California, has spilled into the port of Los Angeles.
On Monday, drivers started a strike, picketing a truck yard of Universal Logistics subsidiary Southern Counties Express in Compton, demanding the company reinstate drivers allegedly dismissed illegally and respect the right to unionise.
In addition, they called on management to negotiate ‘in good faith’ and stop classifying …

The post T...

https://theloadstar.com/trucking-firm-clash-with-drivers-union-heats-up-and-spreads-into-la-port/

NLRB files action against Universal Logistics over Teamsters vote fallout at SoCal facility

Several subsidiaries of Universal Logistics (NASDAQ: ULH) are the target of a complaint filed by the National Labor Relations Board against some of Universal’s activities in California, as the board has rounded up a series of earlier charges filed by the Teamsters into one action.

Some of the complaints filed by the Teamsters go back as far as 2019. That was the year workers at  the Compton facility of Universal Logistics voted to be represented by the Teamsters.

The earlier NLRB complaints...

https://www.freightwaves.com/news/nlrb-files-action-against-universal-logistics-over-teamsters-vote-fallout-at-socal-facility

The Daily Dash: Turning truck stops into vaccination centers

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a Tennessee lawmaker is looking into the possibility of making COVID-19 vaccines available at a major truck stop operator. Plus, trucking regulations could be changing under the Biden administration, and trucking employment fell in January but questions remain as to why.

Should truck stops become vaccination clinics?

A Tennessee lawmaker said he would look into the potential for making vaccines...

https://www.freightwaves.com/news/the-daily-dash-turning-truck-stops-into-vaccination-centers

The Daily Dash: Peak season volatility; grading Trump’s performance; and Amazon’s logistics network keeps growing

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, peak season could be among the most volatile in years if current data trends continue. Plus, grading the success of President Donald Trump’s promises as he asks voters to elect him for four more years, and Amazon’s logistics network just keeps growing.

A record-setting year?

Will peak season be smooth sailing for shippers and carriers? Data coming in this week may give an indication of how capacity...

https://s29755.pcdn.co/news/the-daily-dash-peak-season-volatility-grading-trumps-performance-and-amazons-logistics-network-keeps-growing

Universal Logistics rebounds after pandemic-related earnings decline

Universal Logistics Holdings’ (NASDAQ: ULH) earnings bounced back in the third quarter after pandemic-induced lows during the prior three-month period. 

The Warren, Michigan-based truckload and logistics company’s net income rose to $13.6 million for the third quarter and earnings per share of 50 cents. Second-quarter net income was $6.2 million, down 69% from the same period last year, and 23 cents per share.

The third-quarter results were a 261% turnaround compared to the same quarter in 2019,...

https://www.freightwaves.com/news/universal-logistics-rebounds

Universal Logistics reports better-than-expected Q3 revenue

Universal Logistics Holdings (NASDAQ: ULH) released its third-quarter financial results Thursday afternoon, reporting revenue of $365 million and earnings per share of 50 cents. 

The quarterly results were in line with Wall Street expectations, with most analysts predicting earnings of 50 cents per share and revenue of $327 million.

“The rapid recovery of North American automotive production was a primary driver behind Universal’s solid performance in the third quarter 2020,” Tim Phillips, CEO of...

https://s29755.pcdn.co/news/universal-logistics-reports-q3-revenue

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