YRC Worldwide Says Transport Topics To Correct Inaccurate Report

Transportation services provider YRC Worldwide Inc. on Monday responded to an article appeared in the February 4 edition of Transport Topics, which said: "YRC Worldwide intends to combine Yellow Transportation and Roadway operations." According to the Overland Park, Kansas-based company Transport Topics has indicated that it would carry a correction of this inaccurate report in its next published edition.

In a meeting with analysts recently, the company had said that it is working to integrate the technology platforms of Yellow Transportation and Roadway to increase efficiencies, reduce costs and enhance capabilities for its customers. The company also said it is working during 2008 to combine the corporate sales channels of Yellow Transportation, Roadway and the YRC Regional Transportation companies so that the customers will have a single point of contact to access all of the capabilities of the YRC Worldwide brands.

Commenting on the report, Bill Zollars, Chairman, President and CEO of YRC Worldwide, said: "Our strategy has been and continues to be to offer our customers quality service and multiple capabilities through our well established, separate brands. At no time have we stated an intention to combine the operations of Yellow Transportation and Roadway."

YRCW is currently trading at $17.94, down $0.02 or 0.11%, on 561,480 shares.