Freight brokers are lobbying to include a truck-fitness bill in the highway reauthorization, sparking debate between large 3PLs and small carriers over safety standards, transparency, and federal oversight.
Universal Logistics Holdings, Inc. exceeded expectations in Q4 despite facing industry-wide challenges. Here's a nutshell view of their performance and outlook:
Earnings Overview:
Q4 operating revenue hit $390.9M, down 14.8% year-over-year but above Wall Street's $377.3M forecast.
Earnings per share were 81 cents, surpassing estimates and showcasing resilience amid declines.
Sector Highlights:
Truckload Services: Experienced a 15% revenue drop to $46M in Q4, with a slight reduction in loads hauled.
Intermodal Segment: Saw a 31% decrease in revenue at $85.4M, reflecting lower import volumes.
Brokerage Services: Dipped 23% to $58.1M.
Dedicated Segment: Grew by 3% in Q4, ending at $85.5M.
The company's strategic moves include the announcement of a $50M expansion in Roanoke, VA.
Looking Ahead:
With mixed signals from the market, CEO Tim Phillips cautiously optimistic about a potential uptick in H2 2024.
Two major contract logistics projects slated for Q1 2025 launch.
I’m Adriana, a writer and editor at FreightCaviar. I’ve covered everything from freight tech to industry lawsuits and market shifts, helping scale us to almost 14K subscribers. My goal: to make logistics stories digestible, clear, and fun to read.
PAMT breached a debt covenant in Q2 2025, highlighting mounting losses, rising debt from equipment purchases, and continued struggles to meet revenue goals as lenders grant temporary waivers.
Aurora logged its first revenue in Q2 2025, expanded driverless trucking to nighttime operations, and grew its network, even as losses topped $200 million and safety concerns.
Keep up with the freight broker world in 5 minutes.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
