Universal Logistics Shares Fall After Swing to 1Q Loss

Dow Jones
May 05

By Christopher Kuo

 

Universal Logistics Holdings shares tumbled after the company swung to a loss in the first quarter, driven by a steep operating revenue declines.

Shares of the transportation and logistics solutions company fell 23%, $16.85. Despite the intraday decline, shares are up 9% year to date.

The transportation and logistics company on Friday posted a loss of $3.5 million, or 13 cents a share, compared with a profit of $6 million, or 23 cents a share, a year earlier.

Operating revenue fell to $367.6 million from $382.4 million in the year-ago period. Operating revenues in the intermodal segment decreased 32.3% to $47.9 million in the first quarter. Trucking operating revenues decreased 9.7% to $50.2 million.

Chief Executive Tim Philips said the company had a slow start to the year caused by continued weakness in its intermodal segment marked by including lower volumes and pricing pressure.

 

Write to Christopher Kuo at chris.kuo@wsj.com

 

(END) Dow Jones Newswires

May 04, 2026 12:03 ET (16:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10