Yellow | Welch: YRC shows progress, but further to go

R-14Driver

TB Legend
Credits
0
YRC Worldwide Inc. CEO James Welch is pleased with how the company performed in the first quarter of 2013, but he’s not ready to declare victory just yet.

“We continue to make good progress,” Welch said in an interview. “But I’m far from being satisfied.”

In the less-than-truckload carriers’ first-quarter earnings report, the company announced $9.9 million in operating income, an almost $58 million improvement and the first positive first-quarter income in six years.

Overland Park-based YRC generated positive income despite operating revenue declining to $1.162 billion, about $32 million less than in the same quarter in 2012..................

Welch: YRC shows progress, but further to go - Kansas City Business Journal
 
Top