INTERMODAL ASSET IMPAIRMENT SINKS UNIVERSAL LOGISTICS’ Q3
https://s.yimg.com/ny/api/res/1.2/LqWMEo_P0NN3iaOaiJChMw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/freightwaves_373/aef9130f1d2128ab7274afebb109ec42
✍️ Universal Logistics Holdings reported a net loss for the third quarter due to a noncash impairment charge in its intermodal segment.
👉 Universal Logistics Holdings reported a net loss for the third quarter 👉 The loss was driven by a noncash impairment charge in its intermodal segment 👉 Consolidated operating income was 85% lower year over year 👉 The company's contract logistics unit reported a 5.2% operating margin 👉 The intermodal segment booked a $10.7 million adjusted operating loss
-- #TimPhillips #business
Loading quoted post…
