Yellow Roadway Says First-Quarter Profits Will Be Strong

March 23, 2005 1:15 PM, EST

Less-than-truckload giant Yellow Roadway Corp. said Wednesday it expected its first-quarter earnings to be “at or above the high end of its previously provided guidance of 80 cents to 90 cents per share.”

Yellow Roadway President Bill Zollars said in the release that the company continued to “see the stable pricing environment experiences in late 2004.”

The company said it expected to release its earnings report on April 21.

The announcement came less than a month after the company announced plans to buy USF Corp.

Yellow Roadway is ranked No. 3 on the 2004 Transport Topics 100 listing of the largest for-hire carriers in the United States and Canada.