Universal Truckload Services (UACL) Declares $0.07 Quarterly Dividend; 1.7% Yield

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Go back to Universal Truckload Services (UACL) Declares $0.07 Quarterly Dividend; 1.7% Yield

Universal Truckload Services, Inc. Reports Third Quarter 2015 Financial Results

October 22, 2015 4:06 PM EDT

WARREN, Mich., Oct. 22, 2015 /PRNewswire/ -- Universal Truckload Services, Inc. (NASDAQ: UACL) today reported third quarter 2015 net income of $9.2 million, or $0.32 per basic and diluted share, on total operating revenues of $284.2 million.  This compares to $13.1 million, or $0.44 per basic and diluted share, during third quarter 2014 on total operating revenues of $302.1 million.

Operating revenues from transportation services decreased $18.7 million, or 9.5%, to $178.1 million in the quarter ended September 26, 2015.  The reduction in transportation services revenues includes an $11.0 million decline in separately-identified fuel surcharges and also reflects an 8.0% year-over-year decrease in the number of loads... More