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LONDON, UK / ACCESSWIRE / July 27, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Universal Logistics Holdings, Inc. (NASDAQ: ULH), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ULH. The Company, which is a leading asset-light provider of customized transportation and logistics solutions, announced on July 25, 2017, that it has completed a commercial agreement with Pegasus Transtech for Transflo Telematics, a next-gen logging device solution. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Pegasus is a leading enterprise mobility, telematics, and business process automation provider for the transportation industry.
Universal Logistics views this announcement as a step to execute on initiatives that simplify and unifies its operations. According to the Company, its teams have effectively addressed the electronic logging device (ELD) mandate for its network of agents and owner-operators. Universal Holdings currently offer customized transportation and logistics solutions throughout the United States. The Company is deploying ELDs with advanced vehicle and maintenance data to roughly 3,500 owner-operators throughout its Universal Truckload, Universal Dedicated, and Universal Intermodal Services Businesses.
What is Transflo?
Transflo, developed by Pegasus, is a portfolio of software and business process automation for the transportation industry. It is basically a suite of mobile, telematics, data, scanning, and document management on one single platform, according to Pegasus. Transflo currently delivers real-time communications to thousands of fleets, brokers, and commercial vehicle drivers who represent about $40 billion in freight bills each year.
How does it work?
The Transflo Telematics solution is found complementary to the visibility and data control measures the Company employs as it delivers truckloads, logistics, and intermodal services. Transflo transfers data from the engine directly to a mobile device, through which heavy-duty truck drivers maintain electric logs. Fleet managers can eventually use the analysis module of the solution to oversee safety, maintenance, and efficiency programs.
Pegasus also achieved another Telematics milestone on June 29, 2017, by signing Texas-based 1845 Oil Field Services, which is one of the largest proppant transportation, freight management, and logistics Company in North America. 1845 Oil Field would deploy ELDs throughout its fleet, under the terms of the announcement. According to Pegasus, hundreds of fleet drivers and owner-operators would use these ELD-equipped trucks to move millions of pounds of sand and other oil field materials in and out of clients' sites. Moreover, the drivers will have to simply manage logs and receive communications through the Transflo Telematics solution.
Company Growth Prospects
Universal Logistics Holdings offers its customers a broad array of services across the entire supply chain, including truckload, brokerage, dedicated, intermodal, and value-added services. Prior to the announcement, on July 19, 2017, Universal Logistics announced its planned release of Q2 2017 results on July 27, 2017. The Company stated that it expects to report income from operations in the range of $5.0 million to $6.5 million, on the basis of total operating revenues expected to be in the range of $300 million to $305 million. The Company's transportation segment is on a growth spree, according to the outlook released, where it is observing recovery in its operations supporting the heavy-truck market.
Last Close Stock Review
Universal Logistics' share price finished yesterday's trading session at $14.35, advancing 1.41%. A total volume of 8.74 thousand shares have exchanged hands. The Company's stock price advanced 8.30% in the last three months and 1.34% in the previous twelve months. Shares of the Company have a PE ratio of 19.34 and have a dividend yield of 1.95%. The stock currently has a market cap of $397.06 million.
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SOURCE: Pro-Trader Daily