Contract Logistics Segment Performance
The Contract Logistics segment remained the cornerstone of Universal's results, with revenues of $260.6 million. Despite a slight decline from last year, the integration of Parsec contributed $55 million in revenue.
Truck Segment Resilience
Trucking revenues were $64.1 million, down nearly 30% year-over-year. However, operating margin improved to 5.2% from 4.8%, with operating income at $3.3 million.
Intermodal Segment Progress
Intermodal segment revenues were $68.9 million, down 13.5% year-over-year, but the operating loss narrowed from $10.7 million in Q1 to $5.7 million.
Sales and Business Development Initiatives
The company expanded its sales organization with new senior sales directors and rolled out a new CRM solution, enhancing customer relationship management and sales pipeline visibility.