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Total operating revenues for the first quarter of 2009 decreased 32.4% to $115 million, compared to $170.1 million share in the first quarter of 2008.
Don Cochran, president and CEO of Universal Truckload Services, said: "Despite the severity and duration of this economic downturn on our very broad customer base, our asset light model continues to provide positive operating results. We will continue to focus on growth through strategic acquisitions and remain diligent in our cost control measures through these turbulent economic times."
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