image credit: Unsplash

Universal Logistics Beats Q4 Expectations

February 16, 2024


Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.

The Warren, Mich.-based asset-light transportation and logistics company posted net income of $21.4 million, or 81 cents a diluted share, for the three months ending Dec. 31. That compared with $33.4 million, $1.27, during the same time the previous year. Total operating revenue decreased 14.8% to $390.9 million from $458.7 million.

Read More on Transport Topics