U.S. Markets open in 2 hrs 40 mins

Blog Exposure - Universal Logistics Announces Acquisition of Fore Transportation; Set to Expand its Portfolio in The Chicagoland Intermodal Trucking Market

Stock Monitor: Knight-Swift Transportation Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 06, 2018 / Active-Investors.com has just released a free research report on Universal Logistics Holdings, Inc. (NASDAQ: ULH). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ULH as the Company's latest news hit the wire. On February 02, 2018, the Company, a leading provider of customized transportation and logistics solutions throughout the United States, Mexico, Canada, and Colombia, announced the acquisition of Fore Transportation, Inc., a leading provider of intermodal logistics solutions, including local and regional drayage services, yard services, chassis rental, repair and maintenance. Fore Transportation currently operates over 150 trucks and reported total operating revenues of about $32.3 million for the full-year ended December 31, 2017. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Knight-Swift Transportation Holdings Inc. (NYSE: KNX), which also belongs to the Services sector as the Company Universal Logistics Holdings. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=KNX

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Universal Logistics Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ULH

The Agreement

Under the terms of the agreement, Universal Logistics announced that the Chicago-area operations of Fore Transportation include a 28-acre terminal strategically located, north of interstate I-80, and adjacent to the Canadian National Railroad. While the location serves as the Company's corporate headquarters, the property also provides 24/7 secured trailer and computer storage for 1,100 units, cross-docking capabilities, maintenance and repair, and refrigerated-unit fueling services.

Universal Logistics stated that the purchase price for the transaction was $34.9 million, paid in cash, and was subject to customary post-closing adjustments. In order to fund the acquisition, Universal stated that it used available cash and borrowed about $31.3 million to purchase Fore Transportation. According to Universal Logistics, the amount was borrowed using its margin credit facility, revolving credit facility, and secured real estate financing.

Universal Logistics views this acquisition as a step to expand its presence in the Chicagoland intermodal trucking market. The acquisition, according to Universal Logistics, would enable it to gain a greater market share in the region, and deliver expanded services to Fore's existing blue-chip customer base. Universal Logistics currently delivers a broad array of services to its customers, including services like truckload, brokerage, dedicated, intermodal, and value-added services.

Company Growth Prospects

Prior to the announcement, on October 26, 2017, Universal Logistics reported its Q3 FY17 results where the Company observed net loss of $3.3 million, on total operating revenues of $313.0 million, where in Q3 FY16, Universal Logistics observed net income of $5.0 million. The Company observed operating revenues from truckload services to advance by $10.7 million, or 14.8%, to $82.8 million compared to $72.1 million in Q3 FY16. The Company's operating loss of $3.5 million included the $17.4 million in accruals made for ongoing litigation compared to income from operations of $10.0 million in Q3 FY16.

Universal Logistics CEO, Jeff Rogers, stated that despite the unfavorable developments in a personal injury lawsuit, the Company exceeded its own expectations on revenues and results. The outlook across almost all of the Company's end-markets was strong, particularly in support of North American Class 8 production. As of September 30, 2017, Universal Logistics held cash and cash equivalents totaling $2.9 million and $14.6 million in marketable securities.

Stock Performance Snapshot

February 05, 2018 - At Monday's closing bell, Universal Logistics' stock dropped 1.53%, ending the trading session at $22.55.

Volume traded for the day: 25.61 thousand shares.

Stock performance in the last three-month – up 1.81%; previous six-month period – up 56.60%; and past twelve-month period – up 54.98%

After yesterday's close, Universal Logistics' market cap was at $661.17 million.

Price to Earnings (P/E) ratio was at 98.90.

The stock has a dividend yield of 1.24%.

The stock is part of the Services sector, categorized under the Trucking industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors