YRC Freight | YRC's road to recovery 'long and bumpy'

[Jeff]

OVERLAND PARK, Kan. -- YRC Worldwide, the beleaguered LTL giant whose every move these days is being monitored by financial analysts and trucking rivals, reported another quarterly loss, despite implementing extensive cost cutting and a debt-for-equity exchange program.

The carrier reported a first quarter net loss of $274 million, which is very similar to the hit taken during the same period in 2009. The carrier also reported operating revenue was $1.1 billion, down from $1.5 billion in the first quarter 2009.
http://www.todaystrucking.com/news.cfm?intDocID=23902

 

[metalmikex]

[quote author=Jeff link=topic=79863.msg827288#msg827288 date=1273082078]

OVERLAND PARK, Kan. -- YRC Worldwide, the beleaguered LTL giant whose every move these days is being monitored by financial analysts and trucking rivals, reported another quarterly loss, despite implementing extensive cost cutting and a debt-for-equity exchange program.

The carrier reported a first quarter net loss of $274 million, which is very similar to the hit taken during the same period in 2009. The carrier also reported operating revenue was $1.1 billion, down from $1.5 billion in the first quarter 2009.
http://www.todaystrucking.com/news.cfm?intDocID=23902
[/quote]

Everytime a quarterly report comes out, It feels like we are going back in time........... Same old s***, different quarter..

 

[Jay C]

http://eresearch.fidelity.com/erese...242KRTRIB__BUSNEWS_53907_1050&hlinks=vnhl

..Troubled trucker gains some traction [The Kansas City Star, Mo.]

but not in you life-time​

The company's revenue dipped sharply, however, to $1.06 billion for the quarter. That compared with $1.50 billion in the first quarter last year.

Bill Zollars, chairman and chief executive, said the company's operating results improved each month in the first quarter.

Meanwhile, the carrier has "begun to see more rational behavior in the marketplace from competitors and that the company’s general rate increase is holding better than it has over the last few years.