YRC’s profit up 12%
Overland Park, Kan.-based YRC Worldwide Inc.’s third quarter net income increased 12.3 percent to $95.8 million, compared to $85.3 million in the same quarter last year.
Operating income was up 13.3 percent to $177.6 million from $156.8 million. Revenue improved 3.2 percent to a quarterly record $2.57 billion from $2.49 billion.
The USF companies and New Penn Motor Express are part of YRC Regional Transportation. YRC Worldwide’s other subsidiaries include Yellow Transportation, Roadway, and Meridian IQ.
“We delivered a solid quarter with record revenue and earnings per share. Our operating companies continued to execute well while effectively reducing the cost base,” said Bill Zollars, YRC’s chairman, president and chief executive officer.
After nine months, YRC’s net income was up 8.9 percent to $230.2 million. Operating income rose 14.4 percent to $437.7 million while revenue jumped 20 percent to $7.51 billion.
YRC’s profit up 12%
