Friday, February 04, 2011

YRC Reports Stronger Fourth Quarter Results

YRC Worldwide produced improved operating results in the final quarter of 2010, but the net profit was lower than the same quarter a year earlier.

The trucking company said Friday it also expects "continued operating momentum" in the first quarter this year, with positive cash flow allowing it to "be without our credit agreement financial convenants."

The stock market liked the news. Shares in YRC were up 51 cents, or 11.6 percent, in mid-morning trading to $4.91.

The Overland Park-based trucker, which has restructured its operations over the past two years to weather the economic slowdown, on Friday reported fourth-quarter operating revenue of $1.092 billion. That was up 3.9 percent from the same quarter in 2009. Full Story.....

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