Yellow | YRC Worldwide Reports First Quarter 2010 Results

R-14Driver

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OVERLAND PARK, Kan., May 4 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq:YRCW - News) today reported its first quarter 2010 results.
For the quarter ending March 31, 2010, the company announced a loss per share of $.33 when excluding a previously announced charge of $.20 per share for union employee equity-based awards, and a $.53 loss per share when including that item. By comparison, the company reported a $4.61 loss per share in the first quarter of 2009.
First quarter 2010 compared to the first quarter 2009:

* YRC National Transportation total shipments per day down 33.6%, total tons per day down 34.6%, with March tons per day down 22.5%, and total revenue per hundredweight, including fuel surcharge, up .4%.
* YRC Regional Transportation total shipments per day down 12.9%, total tons per day down 9.1%, with March tons per day down 3.2%, and total revenue per hundredweight, including fuel surcharge, down 2.3%.................

http://finance.yahoo.com/news/YRC-Worldwide-Reports-First-prnews-1756738589.html?x=0&.v=1
 
how in the world can these fools think they can post a profit in the 2nd quarter???? ....also he conference call asked big questions about the pension snap back in january?....what can mr zollars pull out of his sleeve again?
 
UPDATE : YRC Q1 EPS Beats, Operating Loss Improves

.....YRC CEO Bill Zollars has promised to get the struggling freight hauler back to pre-tax profitability this quarter, and Q1 showed some signs of improvement in that direction. Adjusted Ebitda loss narrowed each month, from $27 million in January to $21 million in February to $5 million in March......
....YRC had $18 million in cash from operations during the quarter, leaving it with $130 million in cash and equivalents at the end of the quarter.......

http://blogs.barrons.com/stockstowatchtoday/2010/05/04/yrc-q1-eps-beats-operating-loss-improves/?mod=yahoobarrons
 
Shares outstanding as of Q3 2008: 59.3 million/ shares outstanding today are over 1 billion. Hence the lower cost per share loss. 49 million operation loss in january, 42 million dollar operating loss in February and a 146 million dollar operating loss in March. Total loss was 237 million dollars. The lipstick on a pig cliche comes to mind. How do you continue to lose money at this clip and stay in business? What am I missing here.
 
The company lost $274.1 million, or 53 cents a share, compared with a year- earlier loss of $273.8 million, or $4.61 a share. The per-share figures were impacted by a surging number of shares outstanding for the latest quarter, rising to 521.2 million from 59.4 million.

Revenue declined 29% to $1.06 billion with declines at three of the company's businesses, the steepest being a 35% drop for national transportation.



Read more: http://www.nasdaq.com//aspxcontent/...m&cdtime=05/04/2010+12:26PM#ixzz0mzTb5Z6T
 
Did the last C O Op's cost around 130 million?Might save some money if they wouldn't have a change every 3 months.
 
[quote author=wild thing link=topic=79813.msg826975#msg826975 date=1273003055]
Did the last C O Op's cost around 130 million?Might save some money if they wouldn't have a change every 3 months.
[/quote]

Very good point ! :thumbsup:
 
[quote author=wild thing link=topic=79813.msg826975#msg826975 date=1273003055]
Did the last C O Op's cost around 130 million?Might save some money if they wouldn't have a change every 3 months.
[/quote]Yeah, but the deal with China wasn't on the menu at that time.
 
geez so when is someone going to start running this place the right way? or is there no hope. i wasent expecting it to be that bad. second qrt better be an improvement . how much longer can this go on?
 
[quote author=R-14Driver link=topic=79813.msg826893#msg826893 date=1272980439]
yrc.gif

OVERLAND PARK, Kan., May 4 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq:YRCW - News) today reported its first quarter 2010 results.
For the quarter ending March 31, 2010, the company announced a loss per share of $.33 when excluding a previously announced charge of $.20 per share for union employee equity-based awards, and a $.53 loss per share when including that item. By comparison, the company reported a $4.61 loss per share in the first quarter of 2009.
First quarter 2010 compared to the first quarter 2009:

* YRC National Transportation total shipments per day down 33.6%, total tons per day down 34.6%, with March tons per day down 22.5%, and total revenue per hundredweight, including fuel surcharge, up .4%.
* YRC Regional Transportation total shipments per day down 12.9%, total tons per day down 9.1%, with March tons per day down 3.2%, and total revenue per hundredweight, including fuel surcharge, down 2.3%.................

http://finance.yahoo.com/news/YRC-Worldwide-Reports-First-prnews-1756738589.html?x=0&.v=1
[/quote]This is PATHETIC!!! :thumbsup:
 
It is very amusing reading all these posts by truckdrivers who were CPAs in their previous lives. (Not).
When one doesn't know WTF they're talking about , one should hold his tongue.
 
[quote author=fr8holler link=topic=79813.msg827175#msg827175 date=1273051396]
It is very amusing reading all these posts by truckdrivers who were CPAs in their previous lives. (Not).
When one doesn't know WTF they're talking about , one should hold his tongue.
[/quote] :iamnotworthy: :iamnotworthy: :iamnotworthy: :iamnotworthy: :iamnotworthy:
 
[quote author=Kennesaw Kid link=topic=79813.msg827023#msg827023 date=1273013124]
Hell...is anyone surprised?...stupid is, as stupid does!.....KK
[/quote]You can't fix stupid, and dumb last forever
 
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