Universal Logistics(NASDAQ) ULH

Universal Logistics Holdings, Inc. moves goods for large companies. It manages supplies using trucks, warehouses, and ports. This helps businesses deliver their products on time.

Moving Goods and Managing Supplies

• Value-added Services: Material handling, sequencing, and warehousing for specific customer needs; accounted for 48.4% of operating revenues for the 13-week period ended July 4, 2026.
• Dedicated Services: Short-run or round-trip transportation provided to specific customers in defined geographic areas; accounted for 23.2% of operating revenues for the 13-week period ended July 4, 2026.
• Truckload Services: Dry van, flatbed, heavy-haul, and temperature-controlled transportation; accounted for 11.9% of operating revenues for the 13-week period ended July 4, 2026.
• Intermodal Services: Rail-truck and steamship-truck drayage support to move shipping containers; accounted for 11.4% of operating revenues for the 13-week period ended July 4, 2026.
• Brokerage Services: Freight services managed through a network of third-party transportation providers; accounted for 5.1% of operating revenues for the 13-week period ended July 4, 2026.

Strategic Moves and Shifting Assets

• Reincorporated from Michigan to Nevada on May 1, 2025.
• Sold a real estate facility in Kearny, New Jersey, to an affiliate in June 2026.
• Received a property in Newark, New Jersey, with a fair value of $55.6 million as partial consideration for the Kearny sale.
• Leased more properties under the contract logistics segment to support new programs during the first half of 2026.

What Makes the Model Work

Universal uses a flexible business model that combines company-managed facilities with a contract network of agents who solicit freight business. This strategy allows the firm to adjust its labor and equipment costs quickly when shipping demand changes.

Measuring the Recent Results

• Operating revenues were $379.3 million for the 13-week period ended July 4, 2026, down 3.7% year over year.
• Net income reached $26.2 million for the 13-week period ended July 4, 2026, up 214.9% year over year.
• Operating margin in the contract logistics segment rose to 9.1% for the 13-week period ended July 4, 2026, compared to 8.4% in the prior year period.
• Total outstanding borrowings were $695.5 million as of July 4, 2026, which was a decrease from $798.6 million as of June 28, 2025.
• Operating cash flow was $73.9 million for the 26-week period ended July 4, 2026, down from $110.0 million in the same period last year.

The Big Picture

Universal has evolved from a traditional trucking company into a diversified logistics partner for the automotive and industrial sectors. The company continues to refine its portfolio through strategic property sales while focusing on high-visibility contract services.