Thank to and Third good Earnings you, Holdings Quarter Logistics XXXX welcome Call. Nick, and Universal morning,
tapes. a X Third quarter of was tale
Our market with while navigated outstanding intermodal and late-quarter hamper continue to our group brokerage contract performance, logistics disruption headwinds segment.
to with proud provide a specialized agents I'm extremely of Our our employees, base. from who customer diversified Truckload services superior showing continue segment service to a strong outperformed and our expectations contractors customer group.
segments While forward on path our to best has ULH adjust individual management able a with for of challenges, our are facing been light practices experienced associates various and and a shine team customers.
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were Universal million business trailers. adding revenue. to expect new This into business drivers X-week support a XX in entry about excited generate this layer multiple $X by working extremely to in At trailers in to lines be is full trucks region. create value supported opportunity our new are this example service the great be to density customers. of the approximately expected customer over and for will annual The in additional a mid is run rate, We our successful XX together and period obtaining to and program and Mexico. in additional We
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see restricted inventory in the a remain environment. ports navigate a nothing to We could most bump did continues group destocking that be as muted import volumes continue shippers import cycle. seasonal drayage their at intermodal U.S. quarter, but major slight peak. considered Our
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contributed revenue depressed, while continue XX% segment's albeit a decrease per a margins. Intermodal's reduced operations same which period in XXXX, down California while operating operations volumes results. to in load the the California at revenue. be XX.X% to load was non-California over XX.X%, down remained drag overall profitably, operate on financial
Southern are the by part a optimize pricing affected in and we fleet, will in Freight to play equation. volumes in our per share. While confident and Losses overall our that $X.XX effort California rightsize continued EPS
We our growing about intermodal remain optimistic pipeline.
QX had business. abundant While amount We expect coming in quarter and a be the an launching onboarded there new of in QX the is of for is impacts competitive. with extremely customers, projects load months. pricing XX successful opportunity, various to launched positive proved and count new
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X.X% in to to load compared off million were year. $X.X experienced of income significant increased brokerage XXXX. was million revenue down operating down which line the while million agent-based over brokerage Top $XX.X last for million compared XX.X% Our a $X.X to $X.X drop quarter
cost flatbed remain volumes challenge, core van consistent a and provided model returns. variable structure the While
the Our launch agents and to remain truckload to We're model excited pipeline continues grow the customers. and to the business. continue about and new prospects system. on leadership diligent in our provide agents finding tools with onboarding to and eager talent are We into
continued sluggish top saw to by million $XX.X consumer brokerage dropped inflation -- customer pricing. as freight to market the quarter line drive down Company-managed in and XX.X% influenced spending revenue
a from remained is opportunities disciplined below potential Many experiencing breakeven profit or many The has are with standpoint. that group at pricing. opportunities
operations We opportunity continue on and give selection make to to team freight best our align to we the everything of money pricing do. the
pricing substantial very to volume pricing, coupled has the freight increase made with reach operational model We costs carrier at margin are to not gross interested difficult a loss. in expectations. increased Depressed
in beginning because of fallout However, you the see the some compression. space of are margin to
XXXX. $X,XXX XX.X% well XXXX, QX revenue margin but increased QX was Operating load to per was over load, of per decreased the count down below load Gross and XX.X%.
capacity available, of because is cost is a higher Third-party inflation. it but at coming
continue our We to optimistic about extremely remain future.
measurable. inventory obstacles, growth issues diversification our is and some near-term inflation map to created road have While and
spark enthusiasm logistics healthy, pipeline sales our to potential priority. and with Adding is to existing Our contract offerings across #X value supply all our continue and our customers. well chain is show customer segments
reiterate Finally, my appreciation Universal's I of all associates. like hardworking would to to
training, QX a by our portfolio driven to continue to overall customer the with our associates. of and commitment performance I'm shareholders learning to makes value truly provide Your which pleased services, customers, and our servicing difference. diversified
view Jude call would performance. like for to financial of turn over a our I now detailed Jude? the to
