UNIVERSAL LOGISTICS HOLDINGS, INC.
For the period ended Jul 4, 2026. Filed Aug 13, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 4, 2026 · Filed Aug 13, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-04-04; filed 2026-05-14.
0001193125-26-224068
Item 1A. RISK FACTORSCurrent report: 10-Q
Period ended 2026-07-04; filed 2026-08-13.
0001193125-26-349294
Item 1A. RISK FACTORSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 4 previous paragraphs and 11 current paragraphs.
2 unchanged; 0 reworded; 9 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (9)
Current report
The following risk factor replaces the risk factor entitled “Insurance, claims exposure, and ‘nuclear verdict’ trends could materially increase costs” included in Part I, Item 1A, “Risk Factors,” of our Annual Report on Form 10‑K for the year ended December 31, 2025.
Current report
Accidents involving our vehicles, drivers, owner-operators or third-party motor carriers, and developments in the litigation environment, could materially increase our costs.
Current report
Our operations expose us to personal-injury and property-damage claims arising from accidents involving vehicles owned or operated by us, our employee drivers and owner-operators providing services under our operating authority. Our freight brokerage operations, as well as other portions of our business in which we arrange for third-party motor carriers to transport freight, also expose us to claims arising from accidents involving those carriers.
Current report
The transportation industry has experienced increased claim severity and large jury verdicts. Our freight brokerage operations, as well as other portions of our business in which we arrange for third-party motor carriers to transport freight, expose us to claims arising from accidents involving those carriers. Plaintiffs may allege that we negligently selected or retained a motor carrier, even though the vehicle involved in the accident was not owned or operated by us and the driver was not our employee.
Current report
On May 14, 2026, the U.S. Supreme Court held in Montgomery v. Caribe Transport II, LLC that a state-law claim alleging that a transportation broker negligently selected a motor carrier is not preempted by the Federal Aviation Administration Authorization Act because a claim of that type falls within the statute’s motor-vehicle-safety exception. The decision addressed whether such a claim may proceed, not whether the broker was negligent or liable. Nevertheless, the decision eliminates a potentially significant federal preemption defense to claims of the type addressed by the Court and may increase the number, scope and cost of claims arising from our selection and use of third-party motor carriers. Because the governing standards are derived from state law, they may vary among jurisdictions and continue to develop through litigation.
Current report
These developments could result in increased defense costs, settlements, judgments, insurance premiums and self-insured retention levels and could make appropriate insurance coverage more difficult or expensive to obtain. They may also require us to devote additional resources to carrier qualification, safety review, compliance and documentation. Insurance maintained by third-party motor carriers or by us, and any contractual indemnification rights, may be unavailable, insufficient or subject to exclusions or other limitations. An adverse judgment or settlement, or the establishment or increase of related reserves, could materially adversely affect our business, financial condition, results of operations and cash flows.
Current report
(1) On July 29, 2021, the Company announced that it had been authorized to purchase up to 1,000,000 shares of its common stock from time to time in the open market. As of July 4, 2026, 513,251 shares remain available under this authorization. No specific expiration date has been assigned to the authorization.
Current report
(2) Consists of 476 shares of common stock acquired on May 16, 2026 by the Company from an employee for a total of $6,410, 1,678 shares of common stock acquired on June 15, 2026 by the Company from an employee for a total of $28,640 and 690 shares of common stock acquired on June 19, 2026 by the Company from an employee for a total of $10,250 each upon the Company exercising its right of first refusal pursuant to restricted stock bonus award agreements.
Removed paragraphs (2)
Previous report
There have been no material changes to our risk factors as previously disclosed in Item 1A to Part 1 of our Form 10-K for the fiscal year ended December 31, 2025.