Thursday, January 14, 2010

Analysts: YRC will report a rough fourth quarter

A trucking industry analyst said he expects haulers to continue to struggle through the first half of the year, at least, and predicted an “exceptionally weak” fourth-quarter report from YRC Worldwide Inc.

Ed Wolfe, of Wolfe Research LLC, said in a research report Wednesday that YRC probably will report “massive (earnings per share) and cash-flow losses” for the fourth quarter, during which it continued to wrestle with lower shipments and lose customers worried about the company’s long-term viability. Full Story....

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