Tuesday, March 16, 2010

YRC Worldwide reports a fourth-quarter profit on $194M debt-redemption gain

YRC Worldwide Inc. swung to a fourth-quarter profit, although the number got help from a one-time gain tied to the company’s successful debt-for-equity swap, the company said in a regulatory filing late Tuesday.

The Overland Park-based trucking and logistics company in a Securities and Exchange Commission filing reported earning $119.5 million, or $1.64 a share, during the three months ending Dec. 31. By comparison, the company lost $244.9 million, or $4.15 a share, during the same period a year before. Full Story.....

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