YRC Worldwide (NASDAQ:YRCWD) gained nearly 22% Monday after improving its third-quarter outlook, now expecting to significantly narrow its loss on climbing volumes.
The transportation services company anticipates an operating third-quarter loss in the range of $18 million to $22 million, dramatically improved from a loss of $126.6 million in the same quarter last year.
Operating revenue is expected to be in the range of $1.1 billion to $1.14 billion, higher than $1.12 billion last quarter, and in line with $1.2 billion a year ago.
The Overland Park, Kan-based company said tonnage per day increased in both its YRC National and YRC Regional businesses, up 1.2% and 2.1%, respectively.
Revenue per shipment for the quarter was higher in both units as well, up 1.9% for YRC National and 3.7% for YRC Regional.
Actual third-quarter results will be released on Nov. 5.