Friday, October 30, 2009

YRC Worldwide posts 3rd-quarter loss

YRC Worldwide Inc. reported another loss in the third quarter, but the struggling trucking company also extended a lending agreement to October 2010.

Overland Park-based YRC lost $158.7 million, or $2.67 a share, on $1.3 billion in revenue. That was an improvement from the same period last year, when the company lost $720.9 million, or $12.58 a share. Quarterly revenue fell by more than $1 billion in year-over-year comparisons, however.

YRC's latest loss also was about one-half the losses posted in the 2009 second quarter. Full Story.....

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