Yellow Roadway Raises Third-Quarter Guidance
ellow Roadway Corp. said Tuesday it now expected to report profits of $1.30 to $1.35 per share, compared with its earlier estimate of $1.20 to $1.25.
"Our increased guidance is being driven by a more disciplined pricing environment and better than expected operating efficiencies from our business units," said Bill Zollars, Chairman and President of Yellow Roadway.
Zollars told Bloomberg the company was experiencing the best pricing environment in the last 10 years and that capacity was getting tighter as it moved into the peak shipping season.
Yellow Roadway is ranked No. 3 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies. The company was formed by Yellow Corp.'s purchase of Roadway Corp. last year.
