Universal Logistics CEO Touts Company's Adaptability In 'Tough Environment' Universal Logistics Holdings (NASDAQ: ULH ) truckload, brokerage and intermodal segments all declined during the second quarter, but CEO Tim Phillips said he was pleased with the "anticipated direction of our current operations." On Thursday, Universal released its second-quarter financial results, reporting $258 million in revenues and earnings of 23 cents per share, which topped the consensus forecast of 17 cents per share. "We entered the second quarter with substantial portions of business in flux or shut down because of the COVID-19 pandemic," Phillips said during the company's earnings call on Friday. "Despite the difficult sales environment, we secured new business and multiple verticals." Operating revenue declines during the second quarter included: Dedicated services, 49.7%. Truckload services, 37.5%. Brokerage services, 29.8%. Intermodal services, 11.7%. Phillips added: "Our truckload group experienced several good wins in food and beverage and consumer … Full story available on Benzinga.