YRC Upgrades Profit Outlook
YRC Worldwide said it has “even more confidence” it will have positive earnings before interest, taxes, depreciation and amortization beginning in the second quarter.
Chairman and Chief Executive Officer Bill Zollars said in a statement Thursday that YRC based its outlook on a growth in first-quarter month-to-month shipments per day.
The less-than-truckload carrier also said it would have a $108 million first quarter charge for stock appreciation rights being granted to Teamsters union workers and said it will announce its second-quarter earnings results on Tuesday, May 4.
YRC is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
