Universal Logistics Profits, Revenue Drop During Second Quarter
Universal Logistics Holdings Inc. (NASDAQ: ULH ) reported net income of $6.2 million, compared to $20 million during second quarter 2019, a 69% decline, according to the company's earnings report released on Thursday. On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million. This compares to 70 cents per share during the second quarter of 2019 on total operating revenues of $383.2 million. The asset-light provider of trucking and logistics solutions services reported its transportation segment, comprising truckload, brokerage and intermodal services operations, had operating income of $10 million on total operating … Full story available on Benzinga.com
Universal Logistics Profits, Revenue Drop During Second Quarter
Universal Logistics Holdings Inc. (NASDAQ: ULH ) reported net income of $6.2 million, compared to $20 million during second quarter 2019, a 69% decline, according to the company's earnings report released on Thursday. On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million. This compares to 70 cents per share during the second quarter of 2019 on total operating revenues of $383.2 million. The asset-light provider of trucking and logistics solutions services reported its transportation segment, comprising truckload, brokerage and intermodal services operations, had operating income of $10 million on total operating … Full story available on Benzinga.com