Universal Truckload’s 3Q Profit Improves

Universal Truckload Services said its third-quarter profit increased on higher truckload revenue.

Net income climbed to $5.4 million, or 35 cents a share, from $2.9 million, or 18 cents, a year ago.

Revenue for the quarter ended Oct. 1 rose 19.9% to $187.5 million, the company said late Thursday.

Truckload revenue climbed 16.8% to $111 million.

Universal Truckload is ranked No. 40 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.