New Jersey delivery firm will reclassify independent drivers as employees [Yahoo! Finance]
Universal Logistics Holdings, Inc. (ULH)
Last universal logistics holdings, inc. earnings: 4/30 04:30 pm
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Source: Yahoo! Finance
from their status as independent contractors following a settlement between it and the New Jersey Department of Labor. In a company shift that is reminiscent of what occurred in 2022 at Universal Logistics Holdings to comply with California's AB5 rule, PDX North agreed to a settlement with the state agency that will see it make a payment of $7 million to compensate for earlier non-payment of such things as unemployment and workers compensation–which New Jersey calls its Disability Benefits Funds–for when its drivers were considered independent contractors. But in a step the state called “crucial” in a prepared statement announcing the deal with PDX North, the company will reclassify all its workforce to be full-time workers “to comply with state law.” Awaiting state rule on classification Looming in the background of this agreement is the state's Department of Labor's attempt to codify the ABC test that is at the heart of AB5 in its own regulations, expanding its reach beyond
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ULH
News
- Universal Logistics Holdings, Inc. Reports Fourth Quarter 2025 Financial Results; Declares Dividend [Yahoo! Finance]Yahoo! Finance
- Universal Logistics Holdings, Inc. Reports Fourth Quarter 2025 Financial Results; Declares DividendPR Newswire
- Universal Logistics (NASDAQ:ULH) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Investors in Universal Logistics Holdings (NASDAQ:ULH) have unfortunately lost 66% over the last year [Yahoo! Finance]Yahoo! Finance
ULH
Earnings
- 3/13/26 - Beat
ULH
Sec Filings
- 3/16/26 - Form 10-K
- 3/13/26 - Form 8-K
- 3/9/26 - Form 10-Q/A
- ULH's page on the SEC website