Universal Logistics Sells Property to Moroun Family Entity for $38 Million

Universal Logistics Holdings is a Warren, Michigan-based holding company whose subsidiaries haul freight and manage supply chain operations across the United States, Mexico, and Canada. The business is built around four segments — contract logistics, intermodal, trucking, and dedicated transportation — and is tightly controlled by the Moroun family: Matthew T. Moroun serves as Chairman, and Matthew J. Moroun sits on the board.

The company has been under sustained financial pressure. Total operating revenues fell from $1.846 billion in 2024 to $1.558 billion in 2025, and a $124.4 million impairment charge on intermodal intangible assets produced a full-year 2025 net loss of $99.9 million. The intermodal segment continues to bleed: it posted an operating loss of $13.1 million in the first quarter of 2026 on revenues of $47.9 million, and the company swung to a consolidated net loss of $3.5 million for that quarter. Debt stood at $754.7 million as of April 4, 2026, against $17.9 million in cash.

Governance has also been in flux. Grant Thornton LLP was dismissed as auditor effective March 16, 2026, with Ernst & Young LLP appointed the same day. The dismissal filing noted a material weakness in internal controls specifically tied to "insufficient personnel with appropriate technical accounting expertise and ineffective controls over the identification, review and approval of complex accounting transactions and financial statement disclosures." Chief Financial Officer Jude Beres resigned May 29, 2026, after a decade in the role; his replacement, Michael Rogers, started June 1.