Universal Logistics produced “fairly solid results” in Q4 of 2017, according to CEO Jeff Rogers. Revenues were 18.9% higher year-over-year and operating income was 16.5% higher on the same basis.
For the year revenues of $1,216.7m in 2017, up 13.4% year-over-year. Its operating income of $25.2m was 45.9% lower, but net income was $28,153m, 16.1% higher.
The groups strongest revenue growth in the full year was in Brokerage services, up 26.5% after it carried 15.2% more loads. In its largest segment, truckload services, revenues were 7.7% higher, despite a 1.1% decrease in loads. The group also reported revenue growth in Intermodal and Dedicated services, up 7.5% and 15.0% respectively. However, its Dedicated services revenues were 1.9% lower.
Source: Universal Logistics Holdings
