Universal Logistics Holdings, Inc. to Invest $50 Million, Create 45 New Jobs with Expansion into Greater Roanoke, Virginia Market
January 02, 2024 at 04:41 pm EST
Share
Universal Logistics Holdings, Inc. is poised to undertake an important expansion as it ventures into a new industrial building situated on Lee Highway within the greater Roanoke, Virginia area. Universal expects to invest approximately $50 million and generate 45 new employment opportunities with the expansion. The move marks a strategic initiative for Universal's heavy truck division, a key player in providing third-party assembly, sequencing, and other value-added services within the logistics sector.
This expansion aims to further bolster Universal's heavy truck capabilities in servicing Class 8 truck assembly operations. The 254,000 square-foot facility will be instrumental in catering to the growing demands of the heavy truck industry, and is expected to commence operations in 2025 after a comprehensive 12-month facility customization process. Over the next 12 months, Universal will upgrade the Lee Highway building to accommodate its specialized services, ensuring it aligns seamlessly with the company's operational requirements and quality standards.
This expansion initiative signifies Universal's commitment to innovation, efficiency, and excellence in delivering comprehensive assembly and logistics solutions to its clients.
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.
UNIVERSAL LOGISTICS HOLDINGS, INC. 
