2/24/2012 11:45:00 AM
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Universal Truckload Services reported higher fourth-quarter and full-year profits on higher truckload revenue.
Net income climbed to $3.5 million, or 23 cents a share, from $3.2 million, or 20 cents, a year ago.
Revenue for the quarter rose 11.8% to $174.6 million, the company said late Thursday.
Truckload revenue climbed 13.4% to $104 million, while brokerage revenue rose 11.1% to $46.3 million and intermodal revenue increased 6.8% to $24.2 million.
For full 2011, net income rose to $15.8 million, or $1.01 per share, from $12.7 million, or 80 cents, in 2010. Revenue climbed 15.5% to $700 million.
Universal Truckload is ranked No. 40 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
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