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YRC National tons per day up 4.2%, revenue per hundredweight up 7.5%, operating revenue up 11.5%
- Regional tons per day up 5.6%, revenue per hundredweight up 8.2%, operating revenue up 14.3%
- New leadership at YRC National; organization changes at parent company and shared services
OVERLAND PARK, Kan., Nov. 4, 2011 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today reported financial results for the third quarter of 2011.
Consolidated operating revenue for the third quarter of 2011 was $1.276 billion, up 12.3% over 2010, and consolidated operating loss was $24 million, which included $12 million of restructuring professional fees and a $15 million non-cash charge for union employee equity awards. As a comparison, the company reported consolidated operating revenue of $1.137 billion for the third quarter of 2010 and a consolidated operating loss of $19 million, which included $7 million of restructuring professional fees.
The company also reported positive operating cash flow for the third quarter of 2011 of $9 million and gross capital expenditures of $14 million resulting in free cash flow usage of $5 million, which included $12 million of restructuring professional fees. As a comparison, the company generated free cash flow for the third quarter of 2010 of $3 million which included $7 million of restructuring professional fees................
YRC Worldwide Reports Third Quarter 2011 Results (NASDAQ:YRCW)
- Regional tons per day up 5.6%, revenue per hundredweight up 8.2%, operating revenue up 14.3%
- New leadership at YRC National; organization changes at parent company and shared services
OVERLAND PARK, Kan., Nov. 4, 2011 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today reported financial results for the third quarter of 2011.
Consolidated operating revenue for the third quarter of 2011 was $1.276 billion, up 12.3% over 2010, and consolidated operating loss was $24 million, which included $12 million of restructuring professional fees and a $15 million non-cash charge for union employee equity awards. As a comparison, the company reported consolidated operating revenue of $1.137 billion for the third quarter of 2010 and a consolidated operating loss of $19 million, which included $7 million of restructuring professional fees.
The company also reported positive operating cash flow for the third quarter of 2011 of $9 million and gross capital expenditures of $14 million resulting in free cash flow usage of $5 million, which included $12 million of restructuring professional fees. As a comparison, the company generated free cash flow for the third quarter of 2010 of $3 million which included $7 million of restructuring professional fees................
YRC Worldwide Reports Third Quarter 2011 Results (NASDAQ:YRCW)