Yellow | YRC Worldwide Inc. Reports Operating Results

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May. 10, 2010 YRC Worldwide Inc. (YRCW) filed Quarterly Report for the period ended 2010-03-31.
Yrc Worldwide Inc. has a market cap of $466.48 million; its shares were traded at around $0.457 with and P/S ratio of 0.09.
Operating expenses for the 2010 quarter decreased $582.0 million or 30.9% as compared to the same period in 2009 and were comprised of a $463.1 million decrease in salaries, wages and benefits, a $113.9 million decrease in operating expenses and supplies, a $42.7 million decrease in purchased transportation, which is attributable to declining volumes and improved carrier pricing due to the depressed economy, and a $37.7 million decrease in other operating expenses. The 2010 expense reductions were offset by increased equity based compensation expense of $76.8 million related to certain 2010 awards to our union work force.

Read full article for breakdown : http://www.gurufocus.com/news.php?id=93734

Full report from SEC filing here : http://biz.yahoo.com/e/100510/yrcw10-q.html
 
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