Universal Logistics Holdings, Inc.

Universal Logistics Holdings, Inc. reported a significant net loss of $(117.9) million for Q3 2025, driven by a $124.4 million non-cash impairment charge related to its intermodal reporting unit. This compares to net income of $26.5 million in Q3 2024. Total operating revenues for the quarter decreased 7.0% to $396.8 million, primarily due to declines in transportation-related services, partially offset by revenue from the Parsec acquisition. The impairment charge, which consisted of $101.1 million in goodwill impairment and $23.3 million in customer-relationship intangible asset impairment, resulted in a fully impaired intermodal reporting unit. The company declared a quarterly dividend of $0.105 per share, consistent with the prior year. The filing is an amendment to restate financial statements due to an error in the goodwill impairment analysis.

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