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YRC Freight | YRC Worldwide Reports First Quarter 2010 Results

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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
 
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imovaherenow

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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?
 
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R-14Driver

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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
 
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mike9895

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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.
 
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mike9895

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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
 
wild thing

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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.
 
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R-14Driver

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[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:
 
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Italian Style

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[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.
 
roadway77

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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?
 
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Hooddock

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[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:
 
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imported_fr8holler

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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.
 
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Hooddock

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[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:
 
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imported_searcher09

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[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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