OVERLAND PARK, Kan. (Reuters) - U.S. trucker YRC
Worldwide reported a smaller second-quarter loss
Tuesday and the once nearly bankrupt carrier said it was
seeing "significant operating momentum" driving improvements
through the rest of the year.
YRC said it lost $9.5 million, or a loss of 1 cent a share,
for the second quarter, compared to a net loss of $309 million,
or a loss of $5.20 per share, in the second quarter of 2009.
Analysts on average were expecting a loss of 8 cents a
share, according to Thomson Reuters I/B/E/S.
The company said it was seeing sequential growth in
business volumes, positioning it for further growth in the
Last December, YRC, which is the largest U.S. trucking
company handling smaller, or less-than-truckload shipments, was
on the verge of bankruptcy when it negotiated a $470 million
debt-for-equity swap with most of its bondholders that allowed
the company to restructure its finances.
(Reporting by Carey Gillam)