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Universal Truckload Services Inc. said its net income in the third quarter dropped 8.7% to $13.7 million or 46 cents a share, from $15 million, or 50 cents, a year prior.

ORLANDO, Fla. — Officials with the Truckload Carriers Association said they are evaluating how to address potential federal government changes to insurance limits, the issue of driver coercion and expanding the interstate driver corps to include 18-to-21 year olds.

New York-based trucking company Leonard’s Express said it has agreed to buy Diamond State Warehousing & Distribution.

Several of the country’s largest publicly traded truckload carriers reported a mixture of modest profit declines and some gains for the second quarter, with most citing a soft freight market.

Universal Truckload Services’ second-quarter operating income rose from a year ago.

Universal Truckload Services’ first-quarter income fell from a year ago on a change in tax status, the truckload carrier said.

Investment firm Tepper Holdings said it has acquired a majority stake in Canadian carrier Consolidated Fastfrate from private equity firm Fenway Partners. Terms were not disclosed.

Package carrier Worldwide Express said Thursday that less-than-truckload carrier Ward Trucking will provide Worldwide’s customers with LTL service throughout the eastern United States.