YRC Worldwide, Arkansas Best at a Glance: 1Q2013

Arkansas Best increased revenue 18.1 percent in the first quarter of 2013, and cut its operating loss by $4.8 million to $13.4 million. LTL subsidiary ABF Freight System lost $22.6 million, compared with $21.9 million a year ago. Revenue at YRC Worldwide dropped 2.7 percent, but the company reported an operating profit and cut its net loss by $61 million to $21.4 million. YRC Worldwide reported its first first-quarter operating profit since 2007. YRC Freight had a $2.4 million operating profit.

YRC Worldwide, Arkansas Best at a Glance: 1Q2013
  Arkansas Best YRC Worldwide
1Q Total Revenue ($mils) $520.70 $1,162.50
1Q Operating profit/loss ($mils) -$23.40 $9.90
1Q Net profit/loss ($mils) -$13.40 -$24.50
     
  ABF Freight YRC Freight
1Q Revenue $407.30 $753.80
1Q Operating profit/loss ($mils) -$22.60 $2.40
     
Daily tonnage (000s) 12.1 25.7
Daily shipments (000s) 17.5 44.2
Total revenue/cwt $26.88 $23.57
Change in yield (year-over-year) -2.30% 3.40%
Change in daily tonnage 6.70% -5.40%
Change in daily shipments 2.50% -5.30%
Terminals 277 295*
Employees, end of 2012 9,900 20,000
     
*To be cut to 266 starting in second quarter
Source: Company reports

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