Yellow | YRC Worldwide CEO Zollars steps down; quarterly loss deepens

YRC Worldwide Inc. second-quarter net loss deepened, at least on paper, and the trucking company’s longtime leader, Bill Zollars, is stepping out of the driver’s seat.

Overland Park-based YRC, which has flirted with bankruptcy during the past couple of years, said Friday that it lost $38.7 million, or 81 cents a share, during the three months that ended June 30 — despite continued growth in shipping volume and revenues.....................

YRC Worldwide CEO Zollars steps down; quarterly loss deepens - Kansas City Business Journal

Ya, Zollars destroyed three very good companies to satisfy his ego. Standing alone Yellow, Roadway and Holland were profitable, service minded progressive companies. But, as most big egos do, Zollars had a better idea. Almost smacks of a little Obama in him. "I will either destroy it or make it better." "Either way I win but the poor workers lose." "Oh well they're just workers."

from the other Bill

Q2 2011 results – Good news for the quarter



Thank you! The dedicated efforts of the YRC Worldwide team continue to drive results. For the second quarter of 2011, we saw continued year-over-year growth in business volumes and improvements in earnings as we achieved consolidated adjusted operating income.



We’re especially pleased to see adjusted operating income at YRC National in the second quarter – that represents a significant milestone for the company. We’re moving in the right direction and expect our business performance to continue improving.



The trends in business volume throughout YRCW remain positive. Shipments per day at YRC were up 7.1 percent, with revenue per shipment up 5 percent. At the YRC Regional companies, shipments per day were up 4.7 percent, with revenue per shipment up almost 9.9 percent.



To help support business growth, we expect up to $125 million in gross capital expenditures for the full year 2011.



YRC Worldwide reported a net loss of $39 million for Q2 2011, compared to the $102 million net loss reported in the first quarter of the year. The quarter-to-quarter improvement is more indicative of our situation than the year-over-year numbers; in the second quarter of 2010, an $83 million after-tax benefit reduced our net loss to $10 million.



The operating momentum we achieved in the second quarter continues in July. The restructure closing will enhance our liquidity position and provide the runway for continued growth in revenues and earnings. It’s good news, and we expect more of it. Look for year-over-year revenue growth and adjusted operating income for the remainder of 2011.



Again, thank you for your devotion to delivering confidence to our customers. Your work matters and your company is well positioned for long-term success.



Bill Trubeck

Bill T! He had to walk with Z bill with no fan fair as it should be. probably while departing the facility,
lots of eyes cast on him with disbelief/relief that he's gone.

All-in-all at least something is in the + side. LOL SWI

Ya but how much did YRC have to pay to get rid of him? Remember at the beginning of all this a few years ago YRC paid a couple of crooks several million dollars each to walk away from the ensuing train wreck that this became.