YRC Worldwide said Friday its third-quarter loss narrowed from a year ago, as tonnage improved sequentially from the second quarter.
YRC lost $62 million, or $1.33 per share, compared with a year-ago loss of $159 million, or $66.66 per share.
Revenue slipped to $1.14 billion from $1.2 billion , the less-than-truckload carrier said in a statement.
Its YRC National Transportation unit’s tons per day declined 13% and shipments per day fell 12.2% from last year’s third quarter. YRC Regional Transportation’s tons per day rose 8.9% and shipments rose 2.5% year-over-year.
Compared with the second quarter, YRC National Transportation’s tons per day rose 1.2% and shipments per day gained 1.6%. YRC Regional Transportation’s tons per day improved 2.1% and shipments rose 1.8%.
Earnings before interest, taxes, depreciation and amortization were $44.3 million, compared with a loss of $70.6 million a year ago.
YRC had said last month it expected EBITDA would be $42 million to $46 million. (Click here for previous coverage.)
Late last month, the Teamsters union voted to approve concessions in order to help boost the company’s bottom line and save jobs. (Click here for previous coverage.)
YRC is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
