Tuesday, January 16, 2018

Struggling YRC posts loss of $274.1 million


Tuesday, May 4, 2010
“Despite the headwinds from the note exchange in the latter part of December and the harsh winter weather we experienced during January and February, we are pleased with the sequential operating improvement during the quarter and the traction we achieved in the month of March,” said Bill Zollars, chairman, president and CEO of YRC Worldwide.
“Despite the headwinds from the note exchange in the latter part of December and the harsh winter weather we experienced during January and February, we are pleased with the sequential operating improvement during the quarter and the traction we achieved in the month of March,” said Bill Zollars, chairman, president and CEO of YRC Worldwide.

OVERLAND PARK, Kan. — YRC Worldwide Inc. reported revenue fell to $1.06 billion for the quarter, compared with $1.5 billion in 2009. The company posted a loss of $274.1 million for the period, compared with a loss of $257.4 million the year before.

YRC National Transportation total shipments per day were down 33.6 percent, total tons per day were down 34.6 percent, with March tons per day down 22.5 percent, and total revenue per hundredweight, including fuel surcharge, up .4 percent.

YRC Regional Transportation total shipments per day were down 12.9 percent, total tons per day were down 9.1 percent, with March tons per day down 3.2 percent, and total revenue per hundredweight, including fuel surcharge, down 2.3 percent.

“Despite the headwinds from the note exchange in the latter part of December and the harsh winter weather we experienced during January and February, we are pleased with the sequential operating improvement during the quarter and the traction we achieved in the month of March,” said Bill Zollars, chairman, president and CEO of YRC Worldwide. “The regional companies have a lot of momentum while YRC has stabilized its customer base and streamlined its sales force, and is poised for growth going forward.”

Kevin Jones of The Trucker staff may be reached to comment at kevinj@thetrucker.com.

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