UNIVERSAL LOGISTICS HOLDINGS Business Summary

Universal Logistics Holdings, Inc. (ULH) operates as a prominent asset-light provider of customized transportation and logistics solutions, primarily generating revenue through service-based contracts and transaction fees across four core segments: Contract Logistics, Intermodal, Trucking, and Company-managed Brokerage. The Contract Logistics division, which encompasses value-added warehousing and dedicated transportation services, serves as the company's primary revenue driver, accounting for approximately 65% of total turnover as of early 2026. ULH maintains a distinct competitive advantage through its deep integration into the automotive supply chain, with original equipment manufacturers (OEMs) representing nearly 45% of its business. Within the broader market, ULH competes directly with industry giants such as XPO, Inc., Knight-Swift Transportation, and C.H. Robinson, positioning itself as a specialized, flexible mid-cap player that utilizes a vast network of third-party agents and owner-operators to maintain lower capital intensity than its asset-heavy rivals. The company’s leadership is anchored by President and CEO Tim Phillips, a long-tenured executive who has spent over three decades within the organization and assumed the chief executive role in January 2020. He is supported by Jude Beres, who has served as Chief Financial Officer since 2016, providing financial stability through multiple freight cycles. ULH is characterized by concentrated family governance, with Matthew T. Moroun serving as Chairman of the Board; the Moroun family maintains a significant controlling interest in the firm, ensuring strategic continuity. The Board of Directors further benefits from the pedigree of members like Grant Belanger, a former Ford Motor Company executive, and Clarence Gooden, the former Vice Chairman of CSX Corporation, whose backgrounds provide critical expertise in automotive logistics and rail-intermodal operations.