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Stock impact report

Over 1,300 layoffs hit logistics companies across US [Yahoo! Finance]

Universal Logistics Holdings, Inc. (ULH) 
Last universal logistics holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.universallogistics.com
Company Research Source: Yahoo! Finance
Universal Logistics Warren, Michigian-based Universal Logistics is permanently shuttering two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the state. The layoffs are related to Universal-operated entities Logistics Insights Corp. and Universal Dedicated of Detroit, an auto parts warehousing and logistics facility. Both operations were in Detroit. Universal Dedicated of Detroit's closure will affect 230 truck drivers who worked from the facility. Logistics Insights Corp.'s closure includes 164 warehouse workers, 212 forklift operators, 26 dockworkers and 45 clerical employees. Universal Logistics (NASDAQ: ULH ) is a truckload transportation, intermodal and logistics provider across the U.S, Mexico, Canada and Colombia. The company has more than 10,000 employees. It did not provide a reason for the cessation of operations at the two entities in their state filings. Officials for Universal Logistics did not immediately Show less Read more
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