Financial outlook for YRC improves in third quarter earnings results

摘要

YRC Worldwide's path to profitability has been paved with a re-emphasis on less-than-truckload (LTL) freight, which for more than 80 years has been the company's backbone. The result is that financially ailing YRC Worldwide, which has lost in excess of $2.6 billion in the last five years, looks a lot less financially ailing today. YRC posted sharply improved third quarter operating results in the 15th month under new CEO James L. Welch, reporting that it eked out a $3 million net profit in the quarter on $1.24 billion revenue.