Universal Logistics Holdings Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Universal Logistics Holdings Inc (ULH). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|---|
| Contract Logistics [Member] | $459.7M 33.1% | $627.2M 35.9% · +36.5% | $823.9M 41.0% · +31.4% | $829.6M 50.1% · +0.7% | $1.05B 67.4% · +26.5% |
| Intermodal [Member] | $393.6M 28.3% | $473.1M 27.1% · +20.2% | $591.9M 29.5% · +25.1% | $374.7M 22.6% · -36.7% | $257.0M 16.5% · -31.4% |
| Trucking [Member] | $318.4M 22.9% | $403.3M 23.1% · +26.7% | $392.6M 19.5% · -2.6% | $333.2M 20.1% · -15.1% | $251.4M 16.1% · -24.5% |
| Company-managed Brokerage [Member] | $218.1M 15.7% | $242.8M 13.9% · +11.3% | $200.5M 10.0% · -17.4% | $119.7M 7.2% · -40.3% | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|---|
| Contract Logistics [Member] | $36.0M 7.8% | $44.8M 7.1% | $118.4M 14.4% | $127.8M 15.4% | $82.5M 7.9% |
| Intermodal [Member] | $30.4M 7.7% | $30.4M 6.4% | $83.6M 14.1% | $1.3M 0.3% | -$162.1M -63.1% |
| Trucking [Member] | $16.4M 5.2% | $19.6M 4.9% | $27.6M 7.0% | $17.3M 5.2% | $13.9M 5.5% |
| Company-managed Brokerage [Member] | -$2.7M -1.2% | $7.1M 2.9% | $10.0M 5.0% | -$2.2M -1.9% | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States [Member] | $1.36B 97.8% | $1.72B 98.3% · +26.4% | $1.98B 98.1% · +14.9% | $1.62B 97.6% · -17.9% | $1.79B 97.0% · +10.4% | $1.50B 96.0% · -16.5% |
| Mexico [Member] | $17.9M 1.3% | $15.2M 0.9% · -14.9% | $22.9M 1.1% · +50.2% | $30.5M 1.8% · +33.1% | $49.3M 2.7% · +61.8% | $51.2M 3.3% · +4.0% |
| Canada [Member] | $10.9M 0.8% | $13.2M 0.8% · +21.5% | $13.2M 0.7% · -0.2% | $5.8M 0.4% · -55.6% | $3.4M 0.2% · -42.2% | $10.6M 0.7% · +215.0% |
| Colombia [Member] | $1.4M 0.1% | $1.9M 0.1% · +38.8% | $2.1M 0.1% · +7.1% | $2.8M 0.2% · +38.2% | $2.2M 0.1% · -23.2% | $1.2M 0.1% · -46.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Value-added services [Member] | $332.2M 23.9% | $423.1M 24.2% · +27.4% | $499.3M 24.8% · +18.0% | $486.0M 29.2% · -2.7% | $785.4M 42.5% · +61.6% | $711.6M 45.7% · -9.4% |
| Dedicated services [Member] | $127.5M 9.2% | $204.1M 11.7% · +60.1% | $324.6M 16.1% · +59.0% | $343.5M 20.7% · +5.8% | $344.2M 18.6% · +0.2% | $337.9M 21.7% · -1.8% |
| Intermodal services [Member] | $393.6M 28.3% | $473.1M 27.0% · +20.2% | $591.9M 29.4% · +25.1% | $374.7M 22.5% · -36.7% | $300.7M 16.3% · -19.7% | $252.1M 16.2% · -16.2% |
| Truckload services, including related party amounts of $933, $660 and $947, respectively | $201.4M 14.5% | $248.9M 14.2% · +23.6% | $230.7M 11.4% · -7.3% | $213.9M 12.9% · -7.3% | $234.4M 12.7% · +9.6% | $182.9M 11.7% · -22.0% |
| Brokerage services [Member] | $336.4M 24.2% | $401.8M 22.9% · +19.5% | $368.9M 18.3% · -8.2% | $244.0M 14.7% · -33.8% | $181.3M 9.8% · -25.7% | $73.9M 4.7% · -59.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 21, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.