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Post# of 112995
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researcher59

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Thursday, 04/25/2024 5:11:27 PM

Thursday, April 25, 2024 5:11:27 PM

Post# of 112995
ULH (32.89) posts very strong Q1 earnings. EPS of $1.99 was up 91% y/y and crushed estimates for $0.73. Other trucking companies like JBHT and KNX have been missing estimates, but ULH's logistics business is on fire and more than offset weak results in their other trucking segments.

PR -

In the contract logistics segment, which includes our value-added and dedicated services, first quarter 2024 operating revenues increased 48.4% to $313.5 million, compared to $211.3 million for the same period last year. At the end of the first quarter 2024, we managed 71 value-added programs, including a recent contract logistics award that ramped-up in the first quarter and is expected to be complete by the end of 2024. This compares to 65 programs at the end of the first quarter 2023.

https://finance.yahoo.com/news/universal-logistics-holdings-reports-first-203000760.html
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