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				Yellow-Roadway losing less greenbacks
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					Posted: 
					
						May 6, 2011 10:55 AM
					
					|
					Last Updated: Mar 27, 2012 08:32 AM
				
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				<p>KANSAS CITY -- YRC Worldwide reported that its first-quarter loss narrowed significantly as a result of stronger revenue growth in national and regional operations.</p>
<p>Last week, the struggling LTL carrier announced it will get an infusion of $100 million in new capital and increased liquidity to move ahead with <a target="_blank" href="http://www.todaystrucking.com/news.cfm?intDocID=26250"><span style="color: rgb(51, 51, 153); ">the final phases of its restructuring plan.</span></a></p>
<p>Should the plan fail, the company is expected to file for Chapter 11 &ndash; something it has barely avoided over the last two years.</p>
<p>However, the company reports that recent cost cutting and improvements in LTL lanes from rising volumes (between 6- and 10% regionally and nationally) bolstered the bottom line in the last quarter.</p>
<p>The company posted a loss of $101.8 million, compared with a $274.1 million hit a year ago.</p>
<p>Revenue from the company's national segment rose 10 percent, while regional operations jumped 18 percent. Truckload was down 6.2 percent, though.</p>
<p>Operating costs dropped 2.4 percent.&nbsp;</p>
			
				
				
			
				
				
			
			
			
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					<p class="comment-user-handle">lenny</p>
					<p class="comment-post-date">2011/06/09</p>
					<p class="comment-post-date">at 7:47 AM</p>
					
					
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					This is just an ordely disolving of all of it's other entities without the union striking.
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