Universal Truckload Services, Inc. Reports Revenue and Net Income: EPS of $0.18

Universal Truckload Services, Inc. (Nasdaq: UACL) today announced financial results for the thirteen and thirty-nine weeks ended October 2, 2010.

For the thirteen weeks ended October 2, 2010, operating revenues increased 21.8%, or $28.0 million, to $156.5 million from $128.5 million for the thirteen weeks ended September 26, 2009. Included in operating revenues are fuel surcharges of $13.8 million and $9.5 million for the thirteen weeks ended October 2, 2010 and September 26, 2009, respectively. Net income increased by $1.2 million, to $2.9 million, or $0.18 per basic and diluted share for the thirteen weeks ended October 2, 2010, from $1.7 million, or $0.11 per basic and diluted share, for the thirteen weeks ended September 26, 2009. Included in net income for the thirteen weeks ended September 26, 2009 were $0.1 million, or $0.01 per basic and diluted share, of after-tax charges for other-than-temporary impairments of marketable equity securities classified as available for sale.