Universal Logistics shuts freight brokerage UCS, expects $6-7M pre-tax charges

UNIVERSAL LOGISTICS HOLDINGS, INC.

UCS operations ending Aug 23; ~125 employees terminated, most effective Aug 20.
Estimated pre-tax charges $6.0-7.0M, including severance, goodwill impairment, other.
Future cash expenditures expected $2.0-3.0M; majority of charges in Q3 2024.
UCS provided third-party freight brokerage; closure aligns with strategic priorities.

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