Universal Logistics Holdings, Inc. Named a 2022 Supplier of the Year by General Motors

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Universal Logistics Holdings, Inc. (NASDAQ:ULH) was recognized as a 2022 Supplier of the Year by General Motors (GM) during the company's 31st annual Supplier of the Year event in San Antonio, Texas. This prestigious award celebrates suppliers who exceed GM's standards, providing innovative technologies and high-quality service in the automotive sector. This marks the second time Universal has received this award, underscoring its commitment to customer satisfaction and supply chain efficiency. According to Universal's CEO, Tim Phillips, this honor reflects their team's dedication to delivering value to GM's supply chain, despite challenges faced in the automotive industry. The selection process for the award is based on various performance criteria, including purchasing and logistics.

Positive

• Recognized as 2022 Supplier of the Year by GM for exceeding performance standards.
• Award reflects Universal's strong customer-centric approach and dedication to supply chain efficiency.
• Second time receiving this prestigious award, reinforcing their reputation in the industry.

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• None.

WARREN, Mich., April 5, 2023 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ:ULH) was named a 2022 Supplier of the Year by General Motors ("GM").  GM celebrated honorees at its 31^st annual Supplier of the Year event in San Antonio, Texas, last week.

GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, in turn providing customers with innovative technologies and among the highest quality in the automotive industry. This is the 2^nd time Universal Logistics Holdings, Inc. has received the award.

"It is a great honor to be chosen again as Supplier of the Year by our valued partner General Motors," said Tim Phillips, Universal's President and Chief Executive Officer. "Our transportation and logistics team's customer centric mindset continues to add value to our customers' supply chains. This award is a testament to our team's dedication and around the clock efforts to support General Motors." 

"We are thrilled to recognize these outstanding suppliers after yet another challenging year in the automotive industry," said Jeff Morrison, GM Vice President of Global Purchasing and Supply Chain. "They overcame countless obstacles and exemplified what it means to be resilient, resourceful and determined. Beyond that, these suppliers demonstrated their commitment to sustainable innovation and to driving advanced solutions in collaboration with the GM team."

Each year, GM's Supplier of the Year recipients are selected by a global, cross-functional GM team for their performance in criteria such Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics.

About Universal:

Universal Logistics Holdings, Inc. ("Universal") is a holding company that owns subsidiaries engaged in providing a variety of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia.  Our operating subsidiaries provide customers with supply chain solutions that can be scaled to meet their changing demands and volumes. Universal's consolidated subsidiaries offer customers a broad array of services across the entire supply chain, including truckload, brokerage, intermodal, dedicated, and value-added services. In this press release, the terms "us," "we," "our," or the "Company" refer to Universal and its consolidated subsidiaries. More information on the company can be found at https://www.universallogistics.com.

About General Motors:

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.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.

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SOURCE Universal Logistics Holdings, Inc.

FAQ

What award did Universal Logistics Holdings receive from GM in 2022?

Universal Logistics Holdings was named a 2022 Supplier of the Year by General Motors.

When was the Supplier of the Year event held by GM?

The Supplier of the Year event was held on April 5, 2023, in San Antonio, Texas.

How many times has Universal Logistics Holdings received the Supplier of the Year award from GM?

Universal Logistics Holdings has received the Supplier of the Year award from GM twice.

What does the Supplier of the Year award recognize?

The award recognizes suppliers who exceed GM's expectations in quality, innovation, and service.

What is the stock symbol for Universal Logistics Holdings?

The stock symbol for Universal Logistics Holdings is ULH.

What is the stock symbol for General Motors?

The stock symbol for General Motors is GM.