Wednesday, February 01, 2006

USF purchase helps YRC Worldwide

Trucking company YRC Worldwide Inc., formerly Yellow Roadway Corp., said that buying USF Corp. in 2005 boosted sales and shipping, which in turn helped its fourth-quarter profit rise 26 percent.
Net income rose to $79.8 million, or $1.34 a share, from $63.3 million, or $1.24 a share a year earlier, the company said. Sales rose 40 percent, to $2.48 billion from $1.77 billion.
The company estimated earnings will be $1 to $1.05 a share in the first quarter; earnings in all of 2006 will be $6.15 to $6.30 a share, it estimated.
Yellow Corp. bought Akron's Roadway Corp. in December 2003 to form Yellow Roadway. The company changed its name to YRC Worldwide last month.

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