YRC Worldwide swings to profit as regional shipment revenue rises

By: | at 09:09 AM | Intermodal  

Trucking company YRC Worldwide Inc swung to a small profit in the fourth quarter as operating revenue in its regional transportation business rose 10 percent, sending its shares up about 7 percent in premarket trading.

Revenue for the quarter ended Dec. 31 rose 3 percent to $1.21 billion from a year earlier.

The company earned $400,000 in the quarter, compared with a net loss of $35.3 million a year earlier.

On a per-share basis, net loss narrowed to $1.71 from $4.53.

YRC’s shares closed at $22.63 on the Nasdaq on Wednesday.


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