Yellow-Roadway losing less greenbacks

KANSAS CITY — YRC Worldwide reported that its first-quarter loss narrowed significantly as a result of stronger revenue growth in national and regional operations.

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 the final phases of its restructuring plan.

Should the plan fail, the company is expected to file for Chapter 11 – something it has barely avoided over the last two years.

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.

The company posted a loss of $101.8 million, compared with a $274.1 million hit a year ago.

Revenue from the company’s national segment rose 10 percent, while regional operations jumped 18 percent. Truckload was down 6.2 percent, though.

Operating costs dropped 2.4 percent. 


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