YRC upgrades 2nd-quarter profit expectations

YRC upgrades 2nd-quarter profit expectations    YRC Worldwide Inc. has raised its earnings expectations for the second quarter to be in the range of $1.53 to $1.58 per share. The company’s previous guidance was $1.45 to $1.50 per share for the quarter.
   The revised guidance excludes estimated costs of 4 cents per share related to reorganization expenses and net gains on property disposals. Including these costs, YRC’s earnings per share is expected to be in the range of $1.49 to $1.54.
   “Overall the quarter is coming in better than our initial expectations,” said Bill Zollars, YRC’s chairman, president and chief executive officer. “In our view the economy is still healthy, and while our business volumes and cost management remain on track, pricing has been slightly better than we originally expected.”
   The Overland Park, Kan.-based company, formerly known as YellowRoadway, is parent company of YRC Regional Transportation, which comprises New Penn Motor Express and the USF companies, USF Holland, USF Reddaway, USF Bestway and USF Glen Moore.
   YRC said that it will announce its second quarter results in early July.