Universal Truckload Services Q4 Revenues Up, Net Down

Universal Truckload Services, Inc. (NASDAQ: UACL) has reported 2014 consolidated net income of $45.4 million, or $1.51 per basic and diluted share, on total operating revenue of $1.19 billion.

Net income in the fourth quarter of 2014 totaled $10.5 million, or $0.35 per basic and diluted share, on total operating revenue of $302.5 million. This compares to $11.3 million of net income on total operating revenue of $259.5 million in the fourth quarter of 2013.

Operating revenues from transportation services increased $15.4 million, or 8.6%, to $195.2 million in the quarter ended December 31, 2014, from the comparable period last year, due to a 4.2% year-over-year increase in loads and a 7.7% increase in average operating revenues per load.

Value-added services revenues increased $21.6 million in the most recent quarter. Revenues from intermodal services increased 18.6%, to $37.4 million from $31.6 million in the fourth quarter of 2013.

Universal Truckload Services is a leading asset-light provider of customized transportation and logistics solutions throughout the United States, Mexico and Canada.

Category: General Update