Universal Truckload Services, Inc. Announces Filing of S-3 Shelf Registration
WARREN, Mich., March 28, 2013
WARREN, Mich., March 28, 2013 /PRNewswire/ --Universal Truckload Services,
Inc. (NASDAQ: UACL) announced today that we have filed a shelf registration
statement on Form S-3 with the U.S. Securities and Exchange Commission
("SEC"). Once the registration statement becomes effective, we may offer to
the public from time to time, in one or more offerings, shares of common
stock, preferred stock, debt securities, rights and warrants up to a total
aggregate offering amount of $350,000,000. The securities will be offered at
prices and on terms to be determined at the time of any such offering. In
addition, our controlling stockholders may offer for resale to the public from
time to time, in one or more offerings, up to 6,517,485 secondary shares of
our common stock at prices and on terms to be determined at the time of any
Our registration statement on Form S-3 has not yet been declared effective by
the SEC. The securities described in it may not be sold and offers to buy may
not be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
in any state or other jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state or other jurisdiction.
Universal Truckload Services, Inc. is a leading asset-light provider of
customized transportation and logistics solutions throughout the United
States, Mexico and Canada. We provide our customers with supply chain
solutions that can be scaled to meet their changing demands and volumes. We
offer our customers a broad array of services across their entire supply
chain, including transportation, value-added, and intermodal services. Our
customized solutions and flexible business model are designed to provide us
with a highly variable cost structure.
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.
SOURCE Universal Truckload Services, Inc.
Contact: David A. Crittenden, Chief Financial Officer, DCrittenden@goutsi.com,
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