Universal Truckload Services has reported its financial results for 2014. It reported revenue of $1.19bn, an increase of 15.29% year-on-year. The company also recorded operating income of $80.84m, a decrease of 4.33% compared to 2013’s result. Accordingly the company’s margin stood at 6.78%.
The improvement to revenue registered over the year reflects growth across the board with particularly strong performances from the Transportation Services and Value-added services segments. The revenue growth registered within those businesses was attributable to higher volumes and yields over the year.
The decline in operating income was attributed to conclusion of certain customer operations conducted by subsidiaries in the previous year.
Universal’s Chief Executive Officer, Jeff Rogers said, “2014 was a period of operational and leadership transition for Universal. Our truckload transportation and intermodal businesses enjoyed favourable demand and pricing environments throughout the year. I am also somewhat encouraged by margin improvements in Universal’s value-added operations, where we are working hard to restore historic margin trends, following a difficult operating environment earlier in the year. The financial performance of our dedicated transportation operations remains subpar, though, and we will respond appropriately.”
The world's largest collection of global supply chain intelligence