Universal Logistics acquires rail terminal operator for $194M [Yahoo! Finance]
Universal Logistics Holdings, Inc. (ULH)
Last universal logistics holdings, inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
investors.universallogistics.com
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Source: Yahoo! Finance
Cincinnati-based Parsec provides terminal management services at 20 rail yards across North America. The company specializes in container lift services for Class I, regional and short-line railroads. It also offers drayage, container and chassis stacking, equipment maintenance, and equipment sales and leasing. Parsec has 2,100 employees and generated $230.2 million in revenue for the 12-month period ended Aug. 31. “This strategic acquisition further enhances our value-added service offering, and provides Universal a meaningful presence in the rail terminal services space,” said Universal CEO Tim Phillips in a news release. Parsec will become part of Universal's ( NASDAQ: ULH ) contract logistics segment, pushing annual revenue in the unit to more than $1 billion. The unit had 5,400 employees prior to the acquisition. Including Universal's intermodal, trucking and company-managed brokerage segments, the company generated a total of $1.66 billion in revenue last year. Shares
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News
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- Universal Logistics Holdings, Inc. (ULH) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Universal Logistics misses on Q3 EPS and revenue forecasts [Yahoo! Finance]Yahoo! Finance
- Why Universal Logistics (ULH) Shares Are Plunging Today [Yahoo! Finance]Yahoo! Finance
ULH
Earnings
- 10/24/24 - Miss
ULH
Sec Filings
- 12/6/24 - Form SCHEDULE
- 11/7/24 - Form 10-Q
- 10/24/24 - Form 8-K
- ULH's page on the SEC website