Universal Truckload Services’ Income Drops

Universal Truckload Services said its net income plunged 95.8% to $100,000, or 1 cent per share, from $3.3 million, 21 cents, a year ago.

Revenue fell 32.4% to $115 million, the company said in a statement.

Universal Truckload ranks No. 40 on the Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers.