Universal Logistics Holdings, Inc. (ULH) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Universal Logistics Holdings' second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. A brief question and answer session will follow the formal presentation. During the course of this call, management may make forward-looking statements based on their best view of the business as seen today. Statements that are forward-looking relate to Universal's business objectives or expectations and can be identified by the use of the words such as belief, expect, anticipate, and project. Such statements are subject to risk and uncertainties, and actual results could differ materially from those expectations. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Tim Phillips, Chief Executive Officer, Mr. Jude Perez, Chief Financial Officer, and Mr. Steven Fitzpatrick, Vice President of Finance and Investor Relations. Thank you. Mr. Phillips, you may begin. Good morning, and thank you for joining Universal's second quarter 2025 earnings call. The second quarter of 2025 remained a challenging environment across the transportation and logistics industry. We saw freight market, slightly lower automotive production, and tough comps from a prior year all contributed to a muted but better overall result sequentially. However, our performance was broadly in line with our expectations, and we continued to take the necessary steps to manage costs, enhance efficiencies, and position the business for long-term growth. Before diving into the numbers, I would like to recognize the efforts of our over 11,000 employees and contractors. Their continued dedication and effort ...