YRC Worldwide Inc. today said July’s report on less-than-truckload tonnage at its Yellow Transportation and Roadway subsidiaries support the company’s projection for low single-digit growth for 2006.
The Overland Park transportation company said tonnage was up in July at Roadway but down at Yellow from a year ago.
YRC, in a filing with the Securities and Exchange Commission, said its Yellow unit is continuing to work through customer mix issues but that its tonnage trend is consistent with expectations for July and the third quarter.
Last week, YRC reported second-quarter earnings per share of $1.62, the highest ever for the company. For the third quarter, YRC expects to earn between $1.70 and $1.80 a share. For all of 2006, the company forecasts earnings of $5.65 to $5.85 a share.
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