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Universal Logistics Reports Earnings Growth on Revenue Decline for Q4

February 10, 2023


Universal Logistics Holdings’ earnings grew on a slight decline in revenue during the fourth quarter of 2022, the company reported Feb. 9.

The Warren, Mich.-based asset-light transportation and logistics company posted net income of $33.4 million, or $1.27 a diluted share, for the three months ending Dec. 31. That compared with $16.2 million, 60 cents, during the same time the previous year. The total revenue decreased 1.9% to $458.7 million from $467.4 million.

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