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July 29, 2008 9:30 AM, EDT

Universal Truckload Services, Warren, Mich., said it earned about $3.5 million, or 22 cents a share in the second quarter of 2008, down from $4.7 million, or 29 cents, in the 2007 quarter.

Revenue for the quarter was $199.4 million, up from $178.2 million a year ago.

"Recent acquisitions, decreasing industry truck capacity and improving load volumes all contributed to our positive operating results," said Don Cochran, Universal Truckload’s chief executive officer.

Universal Truckload ranks No. 40 on the Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers.