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Stock impact report

Nashville brokerage abruptly ceases operations, cuts 130 jobs [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
A manager for Universal Capacity Solutions (UCS) told FreightWaves on Thursday that a skeleton crew is staying on to help with the wind down and ensure that trucking companies hauling loads for the now-defunct 3PL are paid. He said initial reports of some motor carriers being stranded under loads with no guidance from the now-defunct 3PL could possibly be chalked up to a miscommunication when trucking companies were unable to reach the brokers through which they had booked the loads with UCS. “It's chaotic around here but we'll stay open as long as it takes to pay all the carriers,” said the manager, who did not want to be named for fear of retaliation. “We have a skeleton crew still here, and we are trying to answer as many phone calls as we can to track down any paperwork we need to pay these companies.” Some trucking companies shared messages from UCS brokers about the 3PL's demise on Wednesday, although FreightWaves was unable to independently verify the closure until Thurs Show less Read more
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