YRC Worldwide Lowers 4Q, Full-Year Earnings Guidance
Company Cites Slower Economy, Reduced Volume
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“The economy has slowed significantly in the fourth quarter, resulting in lower volumes than we anticipated across all of our asset-based business units,” said Bill Zollars, YRC’s chairman and chief executive officer.
ess-than-truckload carrier YRC Worldwide late Thursday lowered its fourth-quarter and full-year earnings guidance due to a slower economy and reduced volumes.
The company said it expects its fourth-quarter earnings per share to be 95 cents to $1.05, and full-year 2006 earnings to be $5 to $5.10 per share.
That is lower than its previous guidance of $1.40 to $1.50 per share for the quarter and $5.45 to $5.55 for the full year.
YRC Worldwide is ranked No. 3 on the 2006 Transport Topics 100 listing of North American for-hire carriers.
