Thursday, August 02, 2012

YRC Worldwide on the Upswing as Trucking Industry Posts Best Month of the Year

Amidst a global economic slowdown the Trucking Industry has experienced a slow, but steady recovery in 2012. Recent numbers releases by the American Trucking Associations showed that the industry saw their best month of the year in June.

The ATA's advance seasonally adjusted index of for-hire truck tonnage jumped 1.2 percent in June, the largest increase it has seen all year. The jump was unexpected following two consecutive months of declines in April and May, which saw the index fall a combined 2.1 percent. When compared to June 2011 the index showed a 3.2 percent increase, the smallest year-over-year gain since March 2012.

"June's increase was a pleasant surprise, but the lower year-over-year gain fits with an economy that has slowed," ATA Chief Economist Bob Costello said in a release. "Manufacturing output was strong in June, which helped tonnage levels."

YRC Worldwide has one of the largest, most comprehensive less-than-truckload networks in North America with local, regional, national and international capabilities. The company recently announced that S&P's Ratings Services have initiated coverage on YRC Worldwide $400 million ABL Facility. The ABL Facility received a recovery rating of '1', the second highest recovery rating available, and a facility rating of B-.

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