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$Universal Logistics(ULH)$ $Covenant Logistics Grouo Inc(CVLG)$ $ArcBest(ARCB)$ 🚛 $ULH Q2 2026 Earnings: GAAP Profits Hide a Weakening Freight Business Universal Logistics reported headline numbers that initially looked outstanding. GAAP EPS surged to $0.99 and operating income climbed to $45.1M. However, almost all of that strength came from a one-off $45.3M gain on the sale of its Kearny, New Jersey property. Strip out the property gain, legal charges and asset impairments, and the picture changes dramatically. Adjusted EPS fell 50% YoY to just $0.16 as the core freight business continued to weaken. Intermodal remains the biggest concern, w