Universal Truckload’s 1Q Profit Improves

Universal Truckload Services’ first-quarter income rose from a year ago as load volumes improved.

Net income rose to $2.9 million, or 19 cents a share, from $2.1 million, or 13 cents, a year ago.

Revenue for the quarter ended April 2 rose 12.9% to $97.3 million, the company said late Thursday.

“Increases in load volumes and pricing have benefited all of our business lines this year.” CEO Don Cochran said in a statement.

Universal Truckload is ranked No. 41 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.