Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/8/2013 5:00:00 PM Write a Letter to the Editor Write a letter to the Editor

YRC Posts Positive Annual Operating Income

YRC Freight

YRC Worldwide said its fourth-quarter and full-year losses narrowed from a year ago, and the company reported its first full-year positive operating income in six years.

Fourth-quarter operating income was $30 million, reversing a loss of $38.2 million in that period in 2011. Operating income excludes interest and taxes.

YRC’s full-year operating income was $24.1 million, compared with a $138.2 million loss in 2011. Revenue for the year was flat at almost $4.9 billion.

Its fourth-quarter net loss was $35.3 million, or 4.53 per share, compared with a loss of $84.2 million, or $12.40, a year ago. Revenue slipped to $1.17 billon from $1.21 billion.

For the year, the company lost $140.4 million, compared with a loss of $409 million a year ago.

Its YRC Freight Unit had a fourth-quarter operating income of $21.1 million, turning around a loss of $26.7 million a year earlier. The unit’s full-year loss narrowed to $37.3 million from $88.5 million.

YRC Regional Transportation posted quarterly operating income of $8.4 million, up from $6.9 million a year ago, and annual operating income of $70 million, more than double the previous year’s $32.9 million.

“Our year-over-year operating improvement is primarily due to our focus on customer mix management, pricing discipline, productivity improvements and a decrease in safety-related costs,” said CEO James Welch.

“We eliminated all distractions that have been keeping this company from focusing on what we do best,” he said in a statement.

YRC Worldwide is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement