Trucker YRC Worldwide posts big 3Q loss

Yahoo Finance ^ | Samantha Bomkamp, AP Transportation Writer

[Newtoidaho]

NEW YORK (AP) -- YRC Worldwide said Friday it lost money in the third quarter, but the financially fragile trucking company is still working with lenders to stay out of bankruptcy.

Despite a weak economy and competitors nipping at its heels, YRC CEO Bill Zollars said in a conference call with analysts that he's confident the company will be able to rightsize itself next year. But he expects the economy to remain weak through the first half of 2010.

"I don't think there's anything that would make us think we can't be back there at some point," Zollars said. "The economy recovering is obviously a key, but longer term I think there's no reason we can't get back there."

[Newtoidaho]

One of the largest LTL carriers in the US continues to struggle, however Obama is cheered by the fact that his golf game is seeing some improvement.

[griswold3]

Just last year the Internet Truckstop Load Board had 2500 loads available in my area.
Now they’re only posting about 600
I know what they’re talking about.
Check out LA Port Report, lowest container movement in years.

[org.whodat]

Do you mean yellow fright, they have been on a one-way ticket out of business for years. Teamsters!!!

Chicago Teamsters Reject YRC Cuts William B. Cassidy | Oct 16, 2009 5:31PM GMT

http://www.joc.com/node/414027

[Extremely Extreme Extremist]

Thanks for the post, I work in trucking logistics and YRC is one of my main less-than-truckload carriers.

[packrat35]

My wife works for Holland which is owned by YRC, so I am not liking this at all.

Not totally unexpected though and we are making ourselves prepared for the worst, if necessary.