YRC Worldwide Reports Significant Sequential Improvement in 3Q 2009 Results
Published at: www.google.com
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John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine
YRC's Spin May Be Positive, But the Operating Numbers Are Not
October 30, 2009
YRC Worldwide, the nation's largest trucking company by volume, reported a $158.7 million loss in the third quarter on sharply declining revenue of $1.3 billion, compared with a net loss of $720 million on $2.38 billion revenue in the year-ago quarter. Despite the huge losses, YRC Chairman and CEO Bill Zollars says the company "gained significant momentum" in the third quarter and some progress in new credit agreements with its consortium of lenders.
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