Reddaway | YRC regionals post a 293-million profit!

It was 293 thousand, not million. The OR was 99.9% and they made $293,000.00 profit for the third quarter.

SUPPLEMENTAL FINANCIAL INFORMATION
YRC Worldwide Inc. and Subsidiaries
For the Three and Nine Months Ended September 30
(Amounts in thousands)
(Unaudited)


Three Months
2009 2008 % change

Operating revenue:
YRC National Transportation $849,304 $1,693,675 (49.9)
YRC Regional Transportation 338,777 509,492 (33.5)
YRC Logistics 102,361 165,312 (38.1)
YRC Truckload 29,949 33,311 (10.1)
Eliminations (14,053) (21,532)
Consolidated $1,306,338 $2,380,258 (45.1)

Operating income (loss):
YRC National Transportation $(122,042) $(573,585)
YRC Regional Transportation 293 (88,045)
YRC Logistics 6,295 (90,552)
YRC Truckload (1,416) (1,433)
Corporate and other (1,083) (3,006)
Consolidated $(117,953) $(756,621)

Operating ratio:
YRC National Transportation 114.4% 133.9%
YRC Regional Transportation 99.9% 117.3%
YRC Logistics 93.9% 154.8%
YRC Truckload 104.7% 104.3%
Consolidated 109.0% 131.8%




YRC Worldwide Reports Significant Sequential Improvement in Its Third Quarter 2009 Results - Yahoo! Finance
 
It's all fake.
The mother ship is just stealing less money to make the regionals look more palatable for a sale.
So we've been losing money for ages now, and all of the sudden at the bottom of the economy we're making money? C'mon..........
As for the idea of a sale of the regionals i say, "please Brer Bear, don't throw me in the brier patch."
 
I agree about cooking the books. I hope the upper management goes to Prison. However they are most likely donors to the dems, and of course no investagation will take place.
 
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