YRC Sees Improving Freight Volumes; Reports 4Q Profit

YRC Worldwide said its freight demand is improving this month following two months of severe winter storms lowered volumes, the Associated Press reported.

March shipments in March have increased by about 10% over February and are above normal seasonal levels, the company said.

The report came a day after YRC said in a regulatory filing it had returned to a profit during the fourth quarter.

YRC said it earned $119.5 million, or $1.64 a share, compared with a year-ago loss of $244.9 million, or $4.15 a share, AP reported.

The less-than-truckload carrier originally released its fourth-quarter results on Feb. 5, but did not provide net income or per-share figures at that time.

YRC is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.