Universal Logistics Holdings Inc. set all-time records for total operating income and earnings per share during the third quarter of 2022, the company reported Oct. 27.
The Warren, Mich.-based asset-light transportation and logistics company posted net income of $48.5 million, or $1.84 a diluted share, for the three months ending Oct. 1. That compared with $10.3 million, 38 cents, during the same time the previous year. Total revenue increased by 13.5% to $505.7 million from $445.6 million.
