StockNews.AI
GM
StockNews.AI
126 days

Universal Logistics Holdings, Inc. Recognized as 2024 Supplier of the Year by General Motors

1. GM named Universal Logistics as 2024 Supplier of the Year. 2. Awards recognize suppliers for safety, innovation, and resilience. 3. Event highlights GM's commitment to strong supplier partnerships. 4. Universal Logistics emphasizes collaboration and advanced supply chain solutions. 5. GM focuses on leveraging advanced technology for future vehicle developments.

6m saved
Insight
Article

FAQ

Why Bullish?

Recognition of strong supplier relationships often correlates with enhanced operational efficiency, potentially increasing future revenue streams for GM, much like past successful collaborations have positively influenced stock performance.

How important is it?

The article highlights GM’s strategic commitments to quality suppliers, suggesting stability and growth potential in operations, which could reflect positively in their stock values.

Why Long Term?

This recognition can strengthen GM's supply chains and innovation focus, positively impacting growth and market presence over time as seen with previous supplier collaborations.

Related Companies

ULHFTSLA
, /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ: ULH) was named a 2024 Supplier of the Year by General Motors ("GM"). GM celebrated honorees at its 33rd annual Supplier of the Year event in Phoenix, Arizona last week. GM's Supplier of the Year awards recognizes global suppliers for their execution across key categories like safety, innovation and resilience. A global cross-functional team makes award selections based not only on an organization's performance across 2024, but also their alignment to GM's core values and ambitious goals. Tim Phillips, Universal's President and Chief Executive Officer, said, "We are incredibly proud to receive this prestigious award. It reflects the collaborative spirit we share with our customers and our dedication to being more than just a supplier – we strive to be a trusted partner in their supply chain." "For more than 30 years, General Motors has recognized the company's top global suppliers at our annual event, spotlighting their innovation and resiliency through even the most challenging circumstances," said Jeff Morrison, Global Chief Procurement Officer at GM. "Together, we're helping bring advanced technology and the industry's broadest portfolio of vehicles to market for GM customers." About Universal: Universal Logistics Holdings, Inc. ("Universal") is a holding company whose subsidiaries provide a variety of customized transportation and logistics solutions throughout the United States and in Mexico, Canada and Colombia. Our operating subsidiaries provide our customers with supply chain solutions that can be scaled to meet their changing demands. We offer our customers a broad array of services across their entire supply chain, including value-added, dedicated, intermodal and trucking services. In this press release, the terms "us," "we," "our," or the "Company" refer to Universal and its consolidated subsidiaries. About General Motors: General Motors (NYSE: GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com. Forward Looking Statements Some of the statements contained in this press release might be considered forward-looking statements. These statements identify prospective information. Forward-looking statements can be identified by words such as: "expect," "anticipate," "intend," "plan," "goal," "seek," "believe," "targets," "project," "estimate," "future," "likely," "may," "should" and similar references to future periods. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Examples of forward-looking statements include, among others, statements we make regarding guidance relating to income from operations, total operating revenues, and earnings per diluted share. These forward-looking statements are subject to a number of factors that may cause actual results to differ materially from the expectations described. Additional information about the factors that may adversely affect these forward-looking statements is contained in the Company's reports and filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. SOURCE Universal Logistics Holdings, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News