YRC Worldwide Q1 Loss Widens - Quick Facts

(RTTNews) - Transportation company YRC Worldwide Inc. (YRCW) reported that its first-quarter net loss attributable to common shareholders widened to $88.3 million or $3.95 per share, from $24.5 million or $2.93 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $1.12 per share for the quarter. Analysts' estimates typically exclude special items.

But, operating revenue for the quarter rose to $1.21 billion from $1.16 billion in the prior year quarter. Two analysts had consensus revenue estimate of $1.17 billion for the quarter.

"We faced numerous challenges during the first quarter as we battled both the distractions from the ratification of the Memorandum of Understanding (MOU) along with Mother Nature...... "This was one of the worst winter seasons in my more than 30 years in trucking. We estimate that it negatively impacted our operating income by approximately $20 million. The main culprits were lower volumes, decreased productivities and higher use of purchased transportation," said YRC Worldwide CEO James Welch.