Tuesday, September 15, 2009

YRC Worldwide’s future looks more promising, analyst says

YRC Worldwide Inc. still is losing customers to competitor Con-way Inc., but YRC’s future is beginning to look more promising, an analyst said Tuesday.

Con-way, based in San Mateo, Calif., has cut prices to drive volumes, prompting more small and midsized shippers to move additional portions of freight away from YRC because of concerns about the company, Longbow Research analyst Lee Klaskow said in a note. But recent channel checks have shown that freight from large customers has stabilized, the note said. Full Story.....

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