Universal Truckload Services’ second quarter profit and revenue slipped amid reduced truckload demand, but the company said volume and pricing strengthened for other businesses, notably intermodal drayage.
Wednesday July 8, 2020
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Universal Truckload Services
Universal Truckload Services
Universal Truckload Services is an asset-light provider of customized transportation and logistics solutions that offers services in transportation, value-added, intermodal and specialized services.
Universal Truckload Services and its subsidiaries — Westport Axle, Cavalry Logistics, Great American Lines, LINC, Louisiana Transportation, The Mason and Dixon Lines, Intermodal Services, Am-Can, and Logistics Solutions — employ more than 8,500 individuals and operate more than 90 terminals and logistics centers in North America. The truckload carrier provides services for the U.S., Canada, and Mexico, with a fleet of 2,500 flatbed trailers, 3,200 dry van trailers, and 47 refrigerated vans.
Westport Axle is the newest addition to the Universal family, recently acquired from a Brazil-based industrial group. Based in Louisville, Ky., Westport provides warehousing and component distribution services to U.S. manufacturers of Classes 4-8 trucks, recreational vehicles and super duty trucks, and also manufactures and distributes steering knuckles and axle components for the automotive industry.
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30 Jun 2015
The Michigan-based truckload carrier expects lower second quarter revenue than a year ago but better revenue than in the first quarter as the freight economy slowly expands.
06 Apr 2015
Slower U.S. economic growth is dampening first-quarter earnings expectations at Universal Truckload Services, which said lower than expected demand in February and March was a drag on first-quarter earnings.
24 Nov 2014
The nation’s largest regional less-than-truckload carrier is moving to larger digs.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
30 Oct 2014
Universal Truckload executive vice president and soon-to-be CEO Jeff Rogers spent years running LTL trucking companies, but don't call him an 'LTL guy.'
30 Oct 2014
Universal Truckload Services looks forward to hauling more of a product close to the company’s heart — heavy trucks — and is expanding in vertical markets beyond automotive, particularly energy and retail markets.
03 Oct 2014
Rising industrial output is lifting the outlook for U.S. trucking companies, including Universal Truckload Services, which now expects $300 million to $310 million in third-quarter revenue.
01 Sep 2014
A review of publicly owned trucking company earnings in the second quarter shows the strength of freight demand building up as the U.S. economy expanded, supporting growing expectations of a busier than typical peak shipping season in North America this fall.
05 Aug 2014
Automotive demand, increasingly global in nature, is keeping Universal Truckload Services busy.
10 Jun 2014
Jeff Rogers, until last September the president of YRC Freight, will have a new job and a new challenge next year when he becomes the next CEO of Universal Truckload Services.
16 May 2014
The first quarter was warmer for trucking than you might think — at least financially.
08 Apr 2014
Contract truckload rates are set to rise higher than anticipated, BB&T says, as carrier try to recoup high costs and compensate for lower earnings following this winter's disruptive storms.
26 Mar 2014
Heavy snow and frigid temperatures in the Midwest will keep Universal Truckload Services' earnings from rising to their projected levels in the first quarter, the trucking firm warned. It's not alone.
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