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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) February 23, 2006

                       Universal Truckload Services, Inc.
             (Exact name of registrant as specified in its charter)

             Michigan                    120510               38-3640097
   (State or other jurisdiction        (Commission         (I.R.S. Employer
        of incorporation)              File Number)       Identification No.)

                      11355 Stephens Road, Warren, Michigan
                    (Address of principal executive offices)

                                      48089
                                   (Zip Code)

                                 (586) 920-0100
              (Registrant's telephone number, including area code)

                                       N/A
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On February 23, 2006, Universal Services Truckload, Inc. (the "Company") issued a press release announcing the Company's financial results for the quarter and year ended December 31, 2005, a copy of which is furnished as Exhibit 99.1 to this Form 8-K. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description ----------- ------------------------------------------------ 99.1 Press Release dated February 23, 2006 announcing the Company's financial and operating results for the Quarter and year ended December 31, 2005.

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. UNIVERSAL TRUCKLOAD SERVICES, INC. Date: February 24, 2006 /s/ Robert E. Sigler ---------------------------------------- Robert E. Sigler Vice President, Chief Financial Officer, Secretary and Treasurer

EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - -------- ------------------------------------------------------------------ 99.1 Press Release dated February 23, 2006 announcing the Company's financial and operating results for the quarter and year ended December 31, 2005.

                                                                    Exhibit 99.1

    UNIVERSAL TRUCKLOAD SERVICES, INC. REPORTS RECORD REVENUE AND NET INCOME
                 FOR THE QUARTER & YEAR ENDED DECEMBER 31, 2005

WARREN, Mich., Feb. 23 /PRNewswire-FirstCall/ -- Universal Truckload
Services, Inc. (Nasdaq: UACL) today announced record financial results
for the quarter and year ended December 31, 2005.

For the quarter ended December 31, 2005, operating revenues increased 29.0%, or
$33.1 million, to $147.2 million from $114.1 million for the quarter ended
December 31, 2004. Included in operating revenues are fuel surcharges of $14.2
million and $5.6 million for the fourth quarters of 2005 and 2004, respectively.
Net income increased 33.6%, or $1.2 million, to $4.7 million, or $0.29 per share
for the fourth quarter of 2005, from $3.5 million, or $0.35 per share, for the
fourth quarter of 2004. Earnings per share in the fourth quarter of 2005 is
computed based upon weighted average shares outstanding of 16,117,500 compared
to 10,022,500 shares in the fourth quarter of 2004.

Universal's truckload revenue in the fourth quarter of 2005 increased by 27.3%
to $94.0 million from $73.8 million in the corresponding period of 2004.
Brokerage revenue in the fourth quarter of 2005 increased by 18.3% to $36.7
million from $31.0 million in the corresponding period of 2004. Intermodal
revenue in the fourth quarter of 2005 increased by 78.8% to $16.5 million from
$9.2 million in the corresponding period of 2004.

For the year ended December 31, 2005, operating revenues increased 46.8%, or
$169.3 million, to $531.3 million from $362.0 million for the year ended
December 31, 2004. Included in operating revenues are fuel surcharges of $36.7
million and $12.4 million for 2005 and 2004, respectively. Net income increased
54.4%, or $6.0 million, to $17.2 million, or $1.12 per share for 2005, from
$11.1 million, or $1.11 per share for 2004. Earnings per share in 2005 is
computed based upon weighted average shares outstanding of 15,371,780 compared
to 10,022,500 shares in 2004. Great American Lines, Inc. and CrossRoad Carriers,
Inc., which were acquired in August and November 2004, respectively, generated
combined operating revenues of $130.2 million and net income of $4.1 million in
2005. Great American lines and CrossRoad Carriers, Inc. generated operating
revenues of $37.8 million and net income of $1.3 million in 2004.

Universal's truckload revenue increased by 33.3% to $332.2 million in 2005 from
$249.1 million in 2004. Brokerage revenue increased by 89.3% to $147.1 million
in 2005 from $77.7 million in 2004. Intermodal revenue increased by 47.9% to
$52.0 million in 2005 from $35.2 million in 2004.

"We are pleased with our continued path of record performance," states
Universal's President and CEO, Don Cochran. "Truckload revenue for the year
improved 33.3%, Brokerage revenue increased 89.3% and Intermodal grew by 47.9%
all resulting in a significant improvement to net income. This performance can
be attributed to the loyal and diligent support of our Owner Operators, Fleet
Owners, Agent Associates and employees. Their conscientious dedication to
provide quality service to our customers has enhanced our organic growth. In
addition, the contributions of our strategic acquisitions have further
complemented that performance."

Universal Truckload Services, Inc. is primarily a non-asset based provider of
transportation services to shippers throughout the United States and in the
Canadian provinces of Ontario and Quebec. The Company's trucking services
include both flatbed and dry van operations and the Company provides rail- truck
and steamship-truck intermodal support services. The Company also offers truck
brokerage services.

Some of the statements contained in this press release might be considered forward-looking statements. These statements identify prospective information. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. These forward-looking statements are subject to a number of factors that may cause actual results to differ materially from the expectations described. Additional information about the factors that may adversely affect these forward-looking statements is contained in the Company's reports and filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. UNIVERSAL TRUCKLOAD SERVICES, INC. Unaudited Consolidated Statements of Income (In thousands, except per share data) Quarter Ended Year Ended December 31, December 31, ----------------------- ----------------------- 2005 2004 2005 2004 ---------- ---------- ---------- ---------- Operating revenues: Truckload $ 93,994 $ 73,834 $ 332,178 $ 249,114 Brokerage 36,726 31,036 147,132 77,726 Intermodal 16,521 9,239 52,029 35,176 Total operating revenues 147,241 114,109 531,339 362,016 Operating expenses: Purchased transportation 113,469 85,285 406,367 269,687 Commissions expense 10,017 7,974 34,678 27,354 Other operating expense, net 1,508 1,679 6,596 5,268 Selling, general, and administrative 9,388 8,974 37,354 27,640 Insurance and claims 4,122 3,024 14,334 9,602 Depreciation and amortization 1,178 1,200 4,344 3,913 Total operating expenses 139,682 108,136 503,673 343,464 Income from operations 7,559 5,973 27,666 18,552 Interest income (expense), net 242 (378) 425 (777) Income before income taxes 7,801 5,595 28,091 17,775 Provision for income taxes 3,147 2,112 10,924 6,657 Net income $ 4,654 $ 3,483 $ 17,167 $ 11,118 Earnings per common share: Basic and diluted $ 0.29 $ 0.35 $ 1.12 $ 1.11 Average common shares outstanding: Basic and diluted 16,118 10,023 15,372 10,023

UNIVERSAL TRUCKLOAD SERVICES, INC. Unaudited Condensed Consolidated Balance Sheets (In thousands) December 31, ----------------------- 2005 2004 ---------- ---------- Assets Cash and cash equivalents $ 10,442 $ 904 Marketable securities 14,356 - Accounts receivable - net 72,032 59,441 Other current assets 11,109 8,257 Total current assets 107,939 68,602 Property and equipment - net 34,800 23,831 Other long-term assets - net 15,339 12,851 Total assets $ 158,078 $ 105,284 Liabilities and shareholders' equity (deficit) Total current liabilities $ 41,134 $ 117,520 Total long-term liabilities 3,772 4,589 Total liabilities 44,906 122,109 Total shareholders' equity (deficit) 113,172 (16,825) Total liabilities and shareholders' equity (deficit) $ 158,078 $ 105,284

UNIVERSAL TRUCKLOAD SERVICES, INC. Summary of Operating Data (Unaudited) Quarter Ended Year Ended December 31, December 31, ----------------------- ----------------------- 2005 2004 2005 2004 ---------- ---------- ---------- ---------- Average number of tractors provided by owner-operators Truckload 2,424 2,274 2,375 2,012 Intermodal 516 300 379 294 Truckload Revenues: Average operating revenues per loaded mile (1) $ 2.63 $ 2.19 $ 2.32 $ 1.99 Average operating revenues per loaded mile, excluding fuel surcharges (1) $ 2.29 $ 2.03 $ 2.10 $ 1.89 Average operating revenues per load (1) $ 1,017 $ 903 $ 908 $ 904 Average operating revenues per load, excluding fuel surcharges (1) $ 886 $ 835 $ 821 $ 861 Average length of haul (1)(2) 387 412 392 455 Number of loads (1) 92,394 81,763 365,441 275,695 Brokerage Revenues: Average operating revenues per loaded mile (1) $ 2.15 $ 1.78 $ 1.94 $ 1.67 Average operating revenues per load (1) $ 1,333 $ 1,161 $ 1,206 $ 990 Average length of haul (1)(2) 619 651 622 592 Number of loads (1) 20,544 22,679 88,235 73,758 Intermodal Revenues: Drayage (in thousands) $ 15,188 $ 8,281 $ 46,695 $ 31,262 Depot (in thousands) $ 1,333 $ 958 $ 5,334 $ 3,914 Total (in thousands) $ 16,521 $ 9,239 $ 52,029 $ 35,176 Average operating revenues per loaded mile $ 4.41 $ 3.68 $ 4.17 $ 3.18 Average operating revenues per loaded mile, excluding fuel surcharges $ 3.81 $ 3.43 $ 3.76 $ 3.05 Average operating revenues per load $ 284 $ 293 $ 274 $ 268 Average operating revenues per load, excluding fuel surcharges $ 246 $ 274 $ 247 $ 257 Number of loads 53,458 28,231 170,382 116,646 (1) Excludes operating data from CrossRoad Carriers, Inc. in order to improve the relevance of the statistical data related to our truckload and brokerage services and improve the comparability to our peer companies. (2) Average length of haul is computed using loaded miles. SOURCE Universal Truckload Services, Inc. -0- 02/23/2006 /CONTACT: Robert Sigler, Vice President and Chief Financial Officer of Universal Truckload Services, Inc., +1-586-920-0100/ /Web site: http://www.uacl.com / (UACL)