third and thank you joining quarter Thank earnings Benjamin. Holdings, call. Good morning you, Universal for Logistics
like would supplying I thank quarter, our the to get their depend and we Universal our efforts customers to for crucial to associations it. come Before all to on who continued have services
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yesterday’s earnings Universal and quarter $XXX.X for share the Now quarter. In $X.XX at of release, million. per reported third total revenue operating
quarter $X.XX incurred share per Detroit. third included of charges earnings here the recent a at losses release, contract and related As operational detailed logistics in in litigation launch
ever; our expectations. well on revenues operating earnings however, quarterly reflect we quarter Universal’s fell revenue Third highest short
of key operations. downtime to logistics service at shortages service our highlighted shift Now, contract and line, our by each part for headwinds some of on added our In color we value due experienced production lines. several
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are customers impact major to expect through all to operations. to our fourth working into we We wages which hamper the with in the supplies state of well review quarter Ship production, our XXXX. and steady continue carry
launch pace Midwest, expect of We in recent a order. the we business major are in and short pleased full at operate with manufacturers the serving to
remains for to and pipeline healthy and continue logistics we review position contract Our intelligent growth.
see transportation We assets, which is predicated continue has challenge. has a which in in our but on of dedicated many growth optimize new allowed the to new further opportunities remained us delivery to equipment, markets our the space,
diligent enough this to group. and we wage pricing port emerge equipment evaluating to ability to historically For quarter. assets low million no drag increases but worked our earnings driver XX.X% experienced rail Intermodal recent congestion, as third stagnant operational segment revenue with inflation improvement to to $XX.X due the drivers. such segment's we’ve profitability. Intermodal’s impacting group had additional which results customers and did fits was XX% our this due additional out of in realize The as combat expect as our margin, numbers. further availability recruit it diem, charges and intermodal the not litigation sequentially, on friction incurred achieve and year-over-year segment We in real includes is other in charges to very revenue per the Intermodal’s well to result operated
also contractor fleet becomes as our quickly as and In supply, to we available. additional equipment to drivers adding are addition chassis
top will which of tightness market recent rate from fourth was In quarter, to with opportunities remain the spot in to and expect average higher growth, pricing pricing. per our with line tight, which this due customer experience to very benefits truck higher loads, anticipate of was moving at expect and tailwinds will see up same strong revenue year was XX.X% We were volumes Revenue the both capacity growth the truckload over favorable to with restock. load. segment see quarter in load highlighted wind the back and We XX.X% as and strong XXXX. load in moving finish We the business by favorable plenty remainder increased result up to sector additional the XX%, revenue the of bottom better spending an present rate additional We ample our utilization. inventory pleased increases pick prices. through see and to of increases
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