YRC Worldwide, Arkansas Best at a Glance: 1Q2013

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 BestYRC 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 FreightYRC Freight
1Q Revenue$407.30$753.80
1Q Operating profit/loss ($mils)-$22.60$2.40
   
Daily tonnage (000s)12.125.7
Daily shipments (000s)17.544.2
Total revenue/cwt$26.88$23.57
Change in yield (year-over-year)-2.30%3.40%
Change in daily tonnage6.70%-5.40%
Change in daily shipments2.50%-5.30%
Terminals277295*
Employees, end of 20129,90020,000
   
*To be cut to 266 starting in second quarter
Source: Company reports