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![]() | YRC Worldwide Inc. (YRCW) Remains Strong despite Freight Recession In commercial, transportation, warehousing and other markets, the trucking industry plays an essential role in business conduction. The ultimate goal of a business is to deliver what the clients or end-users expect to receive from patronizing the service. However, according to analysts, the trucking industry is experiencing freight recession expected to last through the end of the year. YRC Worldwide Inc. (YRCW) provides transportation services for the shipment of industrial, commercial and retail goods in the United States and internationally. The company's operating units include YRC National Transportation, YRC Regional Transportation, and YRC Logistics. Even in a weakened industry, the company was recently upgraded by a Morgan Keegan analyst from "Underperform" to "Market Perform" after the company made the forecast and reported its first-quarter results. Evaluation shows that the company's results will improve in the coming quarters as conditions get better, and that the company's second-quarter guidance only reflected company-specific initiatives, and not changes in the external operating environment. Despite external and internal factors that affected company results, YRC Worldwide was able to secure a new labor contract that will enable the company it to compete on a more level playing field with a more contemporary network design. In the first phase, the company's customers should benefit from enhanced service in more than 28,000 lanes, a major improvement on the company's service side. The company is strategically positioned with its YRC National Transportation unit to offer a range of services for the transportation of industrial, commercial and retail goods. The unit ships apparel, appliances, automotive parts, chemicals, food and other manufactured products or components in regional, national, and international markets, primarily through the operation of owned or leased equipment. As of December 31, 2007, National Transportation had 14,758 owned tractors, 2,379 leased tractors, 61,183 owned trailers, and 3,579 leased trailers. The YRC Regional Transportation unit’s service portfolio consists of regional delivery that includes next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and other specialized offerings, as well as expedited delivery, truckload delivery, inter-regional delivery, cross-border delivery, and operation of USFNet.com and NewPenn.com e-commerce Web sites offering customized online resources to manage transportation activity. YRC Logistics unit offers a range of logistics services, including flow through and pool distribution, warehousing, value added services, freight forwarding, customs brokerage, truckload brokerage, contract carriage and transportation management. The company’s units, paired with the recent labor contract, allows YRC Worldwide to focus on the basics of taking care of its customers. About YRC Worldwide Inc. (YRCW) YRC Worldwide Inc. was founded in 1924. It was formerly known as Yellow Roadway Corporation and changed its name to YRC Worldwide, Inc. in 2006. YRC Worldwide is headquartered in Overland Park, Kansas and employs approximately 60,000 people. The company provides transportation services for the shipment of industrial, commercial, and retail goods in the United States and internationally. A Fortune 500 company and one of the largest transportation service providers in the world, YRC Worldwide is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, USF Holland, USF Reddaway, and USF Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. For more information about the company, you may visit their Web site at: YRC Worldwide. Beacon Equity Research - YRC Worldwide Inc. (YRCW) Remains Strong despite Freight Recession |
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