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Yellow | YRC making ‘solid progress’ in Q2 but purchased transport costs drag down earnings

Below is a cut and paste of the positive aspects of the statement from the article.

  • $1.33 billion revenue, compared with $1.26 billion revenue in the year-ago quarter.

  • In the second quarter YRC more than doubled the total capital expenditure equivalent investment compared to a year ago.

  • YRC spent $23 million in capital expenditures and new operating leases for revenue equipment with a capital value equivalent of $38.6 million, for a total of $61.6 million. That equals 4.6% of operating revenue for second quarter 2018. That’s a $32 million increase over the $29.6 million investment in second quarter 2017.

  • YRC’s total debt-to-adjusted earnings before interest and debt (EBITDA) ratio for second quarter 2018 improved to 3.18 times compared with 3.61 times for second quarter 2017.

  • At YRC Freight, including fuel surcharge, second quarter revenue per hundredweight increased 5.4% and revenue per shipment increased 9.1% when compared to the same period in 2017. Excluding fuel surcharge, revenue per hundredweight increased 2.9% and revenue per shipment increased 6.6%.

  • At the Regional segment, including fuel surcharge, second quarter 2018 revenue per hundredweight increased 7.6% and revenue per shipment increased 11.4% when compared to the same period in 2017. Excluding fuel surcharge, revenue per hundredweight increased 5.2% and revenue per shipment
 
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