Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported Q2 EPS of $0.23, $0.17 better than the analyst estimate of $0.06. Revenue for the quarter came in at $258 million versus the consensus estimate of $255 million.

"Our performance during these unprecedented times once again highlights the resilience of Universal's business model," commented Tim Phillips, Universal's Chief Executive Officer. "With a substantial portion of our customer base shuttered during the peak of the COVID-19 pandemic, Universal was able to quickly adapt to a rapidly changing environment, adjust our operations to meet customer demands, and still report positive operating results. We were able to accomplish all of this while staying focused on the safety and well-being of our employees, contractors and customers.

"We're excited to see the resumption of North American manufacturing, particularly in the automotive and heavy-truck space, as well as improving demand for truckload transportation throughout the second quarter. While some of our Southern California intermodal operations struggled amid muted port volumes, we are optimistic that continued strength in retail sales will boost container volumes and cascade improvements throughout our network. Although it is difficult to predict the operating environment for second half of the year, we are generally pleased with the anticipated direction of our current operations and remain committed to controlling costs and scaling our services to support customer activity."

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