Universal Logistics Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter of 2021
October 29, 2021 at 10:00 am EDT
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Universal Logistics Holdings, Inc. provided earnings guidance for the fourth quarter of 2021. For the quarter, the company expects top line revenues between $400 million and $425 million, and total operating revenues between $1.8 billion to $1.9 billion.
Universal Logistics Holdings, Inc. is a holding company, providing a variety of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. Its segments include contract logistics, intermodal, trucking, and company-managed brokerage. The contract logistics segment delivers value-added and dedicated transportation services to support in-bound logistics to original equipment manufacturers and retailers on a contractual basis. The intermodal segment is associated with local and regional drayage moves that are coordinated by company-managed terminals using a mix of owner-operators, company equipment and third-party capacity providers (broker carriers). The trucking segment's operations are associated with individual freight shipments coordinated by its agents. The company-managed brokerage segment provides for the pick-up and delivery of individual freight shipments using broker carriers, coordinated by its company-managed operations.