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Stock impact report

Universal Logistics Holdings Acquires Parsec, a Market-Leading Rail Terminal Operator [Yahoo! Finance]

Universal Logistics Holdings, Inc. (ULH) 
Last universal logistics holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.universallogistics.com
Company Research Source: Yahoo! Finance
Holdings, Inc. (NASDAQ: ULH) announced today its acquisition of Parsec, LLC, Parsec Intermodal of Canada ULC, and OB Leasing, LLC (collectively "Parsec"). Parsec is a market-leading provider of terminal management services to the Class I, regional, and short-line railroads across North America . With a highly-skilled workforce of nearly 2,100 employees, Parsec offers a comprehensive suite of terminal services at over 20 rail yards throughout the United States and in Canada . Parsec specializes in time-sensitive, container lift on and lift off services ensuring efficient and reliable operations at some of the most complex rail yards across the country. Among other services, Parsec also provides crane and intermodal equipment repair, drayage, and container and chassis stacking. For the trailing-twelve months ended August 31, 2024 , Parsec reported total operating revenues of $230.2 million . Parsec will operate within Universal's contract logistics segment, and the transaction is expect Show less Read more
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