Universal Logistics Holdings, Inc. announced that Michael Rogers will assume the roles of Chief Financial Officer and Treasurer, effective June 1 2026. Rogers brings nearly three decades of finance experience, most recently serving as CFO at Conlan Tire Co. and Hercules Materials Holdings, and a long tenure at Ford Motor Company.
The appointment follows the resignation of former CFO Jude M. Beres, who will step down on May 29 2026 after serving in the role since 2016. Beres’ departure comes as the company seeks to strengthen its financial leadership amid recent margin compression.
In its latest quarterly report, Universal Logistics reported fourth‑quarter 2025 operating revenues of $385.4 million and a net income of $17.5 million, or $0.14 per share, beating analyst expectations of –$0.05 per share. Operating income fell to $17.5 million from $38.3 million in Q4 2024, and the operating margin contracted to 4.5% from 8.2% year‑over‑year, reflecting pricing pressure and higher operating costs.
The company’s three operating segments—contract logistics, intermodal, and trucking—contributed to the revenue mix, with contract logistics remaining the largest driver. However, margin compression in the intermodal segment, driven by increased fuel and labor costs, offset gains in contract logistics.
CEO Tim Phillips welcomed Rogers, stating, "We are delighted to have the opportunity to work with Mike in this role. Mike brings tremendous breadth and depth of financial, operational and leadership experience, both from his many years with Ford and from his more recent service. We believe Mike's background, judgment and familiarity with Universal will make him an outstanding addition to our senior leadership team." He also thanked Beres for his service and highlighted the planned handover period to ensure continuity.
Analysts view the CFO transition as a stabilizing move amid recent financial volatility. While the company’s consensus rating remains a "Hold," the appointment of a seasoned finance executive is expected to reinforce investor confidence as Universal Logistics works to restore margin performance.
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