Shares of Universal Logistics plummeted following the Amazon trucking news. Its 3.4% dividend could make it worth buying the dip.
Third-party transportation logistics provider Universal Logistics Holdings (ULH) walked right into a storm when Amazon.com (AMZN) decided to play in its backyard. On May 4, Amazon launched Amazon Supply Chain Services and opened its entire logistics network to any third-party company willing to use it. Amazon is giving retail, healthcare and manufacturing companies the keys…