call. efforts by morning, and associates so Holdings transportation Universal's quarter provider earnings Logistics recognizing XX,XXX welcome XXXX off of solutions. start incredible Universal Good I'd to Kyle. who to you, hard of our Thank over to customized the like organization logistics first worked and make best-in-class
Anchored challenging next significant of transportation our by XXXX to comparison pleased services. first the contract was logistics a segment, best quarter our the financial Universal's quarter our despite I'm overall performance of in transactional record. the Although, first with headwinds results XXXX, on faced we performance
inventory The transportation truck community first low saw capacity a and ramp logistics for goods. destocking, and excess demand consumer in quarter
and initiatives significant service, job services, excellent transportation teams While costs, our organization. we the continuous our on an volume our on improvement delivering capitalizing pressure excellent did and controllable while customer across managing felt price
continue to contract to additional in our on increasing conditions. model operational success Each of continued segment is logistics be for The focused rationalizing the assets productivity headcount. confirmed we a and has excellence, foundation have look sustainable market of we to solid for of to that space. and variety XXXX start The built a our pipeline scale. proven opportunities in blossom has The resilient,
front in many verticals. business large of our approach several feel talent, customer bid I technology opportunities makes us centric a runner And across different our and
of the market Our also wins by influenced remains and is of full by business our conditions price customers. current exercises opportunity, but reduction transportation scale the pipeline
be continue our will share to Market drumbeat.
positive and still conducive the machinery for remain heavy as long order we – and have our goals, conversations business very autos the Class optimistic space, As to X a books positive overall on aerospace. on margin truck had the and very profile is agriculture, have
market earning for below remain rationalize while return overall retail concerning, in a competitive our the we services. to fair to pricing and remain exchange While continue our inventory its
yesterday's Now first reported for per the quarter. $XXX.X $X.XX operating Universal earnings on of revenue XXXX In total release, million. quarter share of
record. last short quarter we While held logistics year's best of environment. performance, our segment contract strategy diversification quarter, next of paying our throughout Universal's a first firm on dividends fell depressed in XXXX and Demand the record-setting financial is performance transportation with for QX the
Now for there's services in was some to customers, outsourced feel potential color There proprietary the We to on for active a strong variety number programs of X.X% logistics active opportunity demand grew increase of offer human which service Contract be which lines. experienced of our the segment, to a existing efficient our a continues over processes real showcase programs each in QX of assets, our In and XXXX. Logistics technology. XX of spaces. to operations combination
normalized consistent relatively cadence quarter a more fluency. during sustained chain Auto work the with production a supply associated
vehicles Although elevated as XXXX, over periodic for plants six-day production with tracking near vehicles, XX demand high million was the SAAR while the demand reserved for was strong. units remains
of We continued the expect that are for platforms performance consistency very pleased and with sector auto our the year. remainder the
excess be are year that off. production with where XXXX, XXXX another picked Class of to Estimates very to for looks in left North forecasted A units. XXX,XXX up XXXX the production American year similar
of production several over still may is quarters. production projections, elevated, we heard that next of have these challenge some While supplier issues the levels
million and are X in in QX. in add variety launch The at medium-sized of annual about We new verticals $XX revenue extremely run programs a rate. or programs expected to excited launching that are beginning full to are
Our delivering launch our seamless manner, business transitional a and continuity customers. continue to to teams execute timely effective in
number of logistics effect encountered solutions marketplace. opportunities the in have the not only of but we mentioned, new As from outsourcing a efforts delivering our of sales from
service value approaching of dollar to pipeline solution. continues with projects We reaching grow, the each collaborative million. value-added and $XXX a Our largest ever highly approach engineered opportunity potential
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experience The opportunity to Dedicated and growth. Transportation group continues
model high freight the high of of with like velocity demand for audit. an who accuracy execution to amounts allows large Our level customers move incredible us rate
continues Our customers into these new looking case additional level customers next which opportunity and the and existing for lead on is great display, be study execution for for to environments in success of a service. great a
the driven strategic volumes for up by quarter our Revenue solid and was with increased XX.X%, partners. pricing
our new continue fleet, growth. for equipment We and to secure replacement dedicated allocate both for and
around We age helps of continue velocity uptime to to three committed years, keep average elevate which service. fleet are to our our truck deliver the
equipment retention exited in and which large We also our automotive week. the which over Southeast, the driver requires the two profile, six to days a our efforts. positive recruiting the launching five Newer quarter experience in with account shifts proven and enhances XX safety new drivers, has a
run annually. be the on million to over $XX expect rate We account this
revenue smaller rate launches million over As with combined a and of new run this launch other before, mentioned annually. in $XX accompanies wins
continue bench pipeline, bring objectives velocity support growth We dedicated industry see to to long-term multiple strong with and opportunities to experience feel of on service employees, to our talented quality the the sectors. extremely in
load destocking -- their nearly headwinds. per capitalize down Influenced Our import for to continues down load revenue capacity. were by group XX.X% continued demand XX%. as intermodal evaluate continue volumes and and the loose ex-fuel North drayage at volume products, consumer pricing customers very to low on and inventory models $XXX to volumes both was experience per and ports American average pricing Important
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which base. Our pricing our Southern over over and driven operations volumes, strong down influence on QX top coupled over import XXXX. declining with XXXX, line California by continue due XX% to Reduced heavy focused customer XX% intermodal have volumes callbacks numbers, retail revenue, to was eroded QX
company which very puts in were quick our our with happy I'm a recruit and when ability and we But to negatively California our ultimately customers company assets volumes impacted position to have volumes success find for moving truck normalize lower We recruiting an to us scale how do model in in great market. optimize have drivers, since able had employee compliant the but operation. driver drivers,
wins experienced nice recent several our We've and months, robust customer with in opportunity. pipeline remains
been and now extremely opportunities, X,XXX has to value team continue number to new network. around mining we demonstrate chassis, create long-term by national ability sales units terminal and over customer the storage vast for lease solutions which our aggressive supplying customers Our company-owned, our
Trucking an decrease Volume segment. headwinds were with load revenue X.X% Overall, in load. down XX.X%, storyline per the coupled the in count was also
territory. were Our flat relatively metal still open down XX%, positive was year-over-year deck but in and load count steel volumes pricing and
over retail consumer revenue a prior van up XX.X% Top XX%. year XX%, the side, of low was down the quarter, count million down for $XX.X On and goods $X.X of over $X.X the with income decrease was operating was of million line period. while million
variable Our structure, agent-based grow. ride produce cost model its out consistent while to with model continuing to truckload margins. in well agent Interest continues freight to is downturn our positioned a
development Our pipeline shows efforts. the our results of business
of I assist by demanding agent a competitive additional UACL believe decision our added representatives of in in carrier makes In XX and agent employees, team anchored XXXX. coupled conversions quality fact, support. environment, to with QX we new experienced agents more model
saw top tender competitive million pricing consumer less revenue brokerage XX.X% the inflation and spending as to and Company-managed dropped opportunities. created quarter $XX and in line
as additional over contractual spot disciplined to margin, our XX% We approach put remains revenue. freight of top continued regard our which on market in line strain opportunities operating our
impacted excess our liability mentioned auto XXX $X,XXX revenue pre-tax XXXX margins which load for to Operating equated QX per better low in segment by the disciplined this $X.X As a as in to limits, on reduction. earnings were load and was per decreased negatively policy XX.X% margins a point reduction we than were count in rates. experienced settlement continued while down release, Gross of basis remaining claims XX.X%. million transportation purchase in
shortage of bid pricing been no opportunities, hypercompetitive. has been There's but
look within that remain returns environment. given will expectations for on disciplined the pricing our We current and fall
the inflation, general on We economic the continue of destocking to evolve. continues to the environment cautious customer of consumer mood and XXXX, entering remain QX
to take near-term on truckload optimistic under segment X, for leading an with contract having are and encouraged aerospace remain remain like capacity conversations of out cost continued indicators we our We extremely the of signs structure autos, segment. by logistics the will agent brokerage agriculture, look intermodal while adding are improvement. customers. pressure We showing imports transportation We believe variable our our opportunities and density available high-margin of growth Class heavy optimistic costs equipment of no abundance to segments, and with and optimization
I in had this mentioned in as impressed team challenging I'm performance environment. release, Universal Finally, the the with earnings of our
opportunities that rates, inflation of While face our inventory it continues and services provide the I'm appears destocking, and stability in convinced we continue to environment. current interest to diversification rising
to shareholders. focus value continue our our service customer for and on We continued for quality versus
call a of like With performance. would that, to now I financial for to our detailed Jude turn view over the
