Segment Reporting (Tables)

9 Months Ended

Sep. 27, 2025

Summary of Company's Reportable Segment Information

The following tables summarize information about our reportable segments for the thirteen week and thirty-nine week periods ended September 27, 2025 and September 28, 2024 (in thousands):


	Thirteen Weeks Ended September 27, 2025
	Contract Logistics		Intermodal			Trucking		Other (2)			Total

Total operating revenues (1)	$	264,390	$	64,679		$	67,716	$	1		$	396,786

Operating expenses:
Purchased transportation and equipment rent		2,259		26,088			48,995		2,721			80,063
Direct personnel and related benefits		156,857		17,489			2,223		3			176,572
Operating supplies and expenses		42,813		11,591			4,281		(1,162	)		57,523
Commission expense		2		638			3,631		—			4,271
Occupancy expense		8,587		6,080			64		(993	)		13,738
Depreciation and amortization		21,798		5,325			2,491		5,885			35,499
Other segment expenses (3)		18,354		89,418			2,117		(6,525	)		103,364
Total operating expenses		250,670		156,629			63,802		(71	)		471,030
Income (loss) from operations	$	13,720	$	(91,950	)	$	3,914	$	72		$	(74,244	)

(1) Eliminated intersegment revenues in the contract logistics, intermodal and trucking segments were $0.2 million, $1.3 million, and $0.0 million, respectively.

(2) Credits within other non-reportable include allocations and eliminations to the other reportable segments.

(3) Other segment expenses include general and administrative, insurance and claims, impairments, and other corporate allocations to reportable segments.

(14)

Segment Reporting – continued


	Thirteen Weeks Ended September 28, 2024 (Recast)
	Contract Logistics		Intermodal			Trucking		Other (2)			Total

Total operating revenues (1)	$	245,194	$	77,632		$	87,047	$	16,960		$	426,833

Operating expenses:
Purchased transportation and equipment rent		2,460		30,739			65,956		21,545			120,700
Direct personnel and related benefits		112,375		15,801			1,012		2,893			132,081
Operating supplies and expenses		49,606		9,238			2,152		(464	)		60,532
Commission expense		23		593			6,369		—			6,985
Occupancy expense		7,226		4,683			86		(816	)		11,179
Depreciation and amortization		12,862		8,438			1,859		7,125			30,284
Other segment expenses (3)		15,019		9,267			2,491		(4,339	)		22,438
Total operating expenses		199,571		78,759			79,925		25,944			384,199
Income (loss) from operations	$	45,623	$	(1,127	)	$	7,122	$	(8,984	)	$	42,634

(1) Eliminated intersegment revenues in the contract logistics, intermodal and trucking segments were $0.0 million, $0.8 million, and $0.0 million, respectively.

(2) Credits within other non-reportable include allocations and eliminations to the other reportable segments.

(3) Other segment expenses include general and administrative, insurance and claims, impairments, and other corporate allocations to reportable segments.


	Thirty-nine Weeks Ended September 27, 2025
	Contract Logistics		Intermodal			Trucking		Other (2)			Total

Total operating revenues (1)	$	780,839	$	204,290		$	187,368	$	473		$	1,172,970

Operating expenses:
Purchased transportation and equipment rent		7,843		88,527			137,247		7,697			241,314
Direct personnel and related benefits		452,766		50,612			5,723		4			509,105
Operating supplies and expenses		124,712		31,651			9,675		(6,852	)		159,186
Commission expense		22		1,807			11,092		1			12,922
Occupancy expense		22,738		16,051			167		(2,162	)		36,794
Depreciation and amortization		64,357		20,365			6,887		15,581			107,190
Other segment expenses (3)		49,052		103,612			7,134		(14,668	)		145,130
Total operating expenses		721,490		312,625			177,925		(399	)		1,211,641
Income (loss) from operations	$	59,349	$	(108,335	)	$	9,443	$	872		$	(38,671	)

(1) Eliminated intersegment revenues in the contract logistics, intermodal and trucking segments were $0.4 million, $3.5 million, and $0.0 million, respectively.

(2) Credits within other non-reportable include allocations and eliminations to the other reportable segments.

(3) Other segment expenses include general and administrative, insurance and claims, impairments, and other corporate allocations to reportable segments.

(14)

Segment Reporting – continued


	Thirty-nine Weeks Ended September 28, 2024 (Recast)
	Contract Logistics		Intermodal			Trucking		Other (2)			Total

Total operating revenues (1)	$	822,301	$	235,649		$	248,142	$	74,812		$	1,380,904

Operating expenses:
Purchased transportation and equipment rent		9,357		102,570			188,956		81,745			382,628
Direct personnel and related benefits		343,096		54,863			2,983		7,439			408,381
Operating supplies and expenses		184,779		28,321			7,771		(3,957	)		216,914
Commission expense		58		1,495			20,932		—			22,485
Occupancy expense		21,278		13,238			204		(2,531	)		32,189
Depreciation and amortization		33,836		24,574			4,903		24,482			87,795
Other segment expenses (3)		49,907		28,646			7,218		(20,087	)		65,684
Total operating expenses		642,311		253,707			232,967		87,091			1,216,076
Income (loss) from operations	$	179,990	$	(18,058	)	$	15,175	$	(12,279	)	$	164,828

(1) Eliminated intersegment revenues in the contract logistics, intermodal and trucking segments were $0.1 million, $1.9 million, and $0.0 million, respectively.

(2) Credits within other non-reportable include allocations and eliminations to the other reportable segments.

(3) Other segment expenses include general and administrative, insurance and claims, impairments, and other corporate allocations to reportable segments.

UNIVERSAL LOGISTICS HOLDINGS, INC. 10-Q