YRC Worldwide said Friday it lost $39 million, or 81 cents per share, in the second quarter, compared with a loss of $10 million, or 24 cents, a year ago.
Revenue rose to $1.26 billion from $1.12 billion in the same quarter last year, the less-than-truckload carrier said in a statement.
Its operating loss was $2 million, which included $17 million of restructuring fees. Earlier this week YRC said earlier this week it expects to post an operating profit in the second half of this year, as it seeks to complete a restructuring plan.
Its YRC National Transportation unit’s shipments per day rose 7.1%, tons per day rose 6.2%, revenue per shipment rose 5%, and revenue per hundredweight gained 6%.
YRC Regional Transportation’s tons per day rose 8.1%, revenue per shipment up 9.9% and revenue per hundredweight up 6.5%, the company said.
YRC is scheduled to soon its restructuring plan, following which will mark the conclusion of service for the its current board of directors and the assignments of chief restructuring officer John Lamar and interim chief financial officer Bill Trubeck.
“I wish to express my gratitude to John Lamar and Bill Trubeck for their leadership and expertise during this critical period,” Bill Zollars, YRC’s chairman and CEO, said in a statement.
YRC said last September that Zollars would retire pending completion of the restructuring plan.
YRC Worldwide is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
