YRC Worldwide Provides Quarter-To-Date Operating Data for Second Quarter 2020

Rhea-AI Summary

YRC Worldwide (NASDAQ: YRCW) reported significant declines in key operating metrics for April and May 2020 compared to 2019. Shipments per day fell by 24.0% in April and 15.4% in May, leading to an overall quarterly decline of 19.8%. Tonnage per day dropped by 22.6% in April and 14.5% in May, resulting in an 18.6% decline QTD. Despite slight increases in weight per shipment and revenue metrics, the overall trends point towards a challenging operational landscape amidst economic pressures.

Positive

• Revenue per hundredweight improved slightly by 1.5% QTD despite overall declines.
• Weight per shipment showed a small increase of 1.9% in April and 1.1% in May.

Negative

• Shipments per day decreased by 19.8% QTD, with a sharp 24.0% drop in April.
• Tonnage per day decreased by 18.6% QTD, with a 22.6% decline in April.
• Revenue per shipment declined by 4.9% QTD, with a decrease of 5.8% in April.

OVERLAND PARK, Kan., June 09, 2020 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ: YRCW) reported certain operating metrics for the first two months of second quarter 2020.

For YRC Worldwide less-than-truckload (LTL), the percent change 2020 from 2019:

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15%; width:15%; min-width:15%;">	17%; width:17%; min-width:17%;">Shipments per Day	17%; width:17%; min-width:17%;">Weight per Shipment	17%; width:17%; min-width:17%;">Tonnage per Day	17%; width:17%; min-width:17%;">Revenue per Hundredweight	17%; width:17%; min-width:17%;">Revenue per Shipment
April	-24.0%	1.9%	-22.6%	-5.8%	-4.0%
May	-15.4%	1.1%	-14.5%	-6.7%	-5.7%
QTD	-19.8%	1.5%	-18.6%	-6.3%	-4.9%

About YRC Worldwide

YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics. Collectively, YRC Worldwide companies have one of the largest, most comprehensive logistics and LTL networks in North America with local, regional, national and international capabilities. Through their teams of experienced service professionals, YRC Worldwide companies offer industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence.

Please visit our website at www.yrcw.com for more information.

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11%; width:11%; min-width:11%;">Investor Contact:	89%; width:89%; min-width:89%;">Eric Birge 913-696-6108 investor@yrcw.com
Media Contact:	Mike Kelley 913-696-6121 mike.kelley@yrcw.com

SOURCE:  YRC Worldwide

FAQ

What were the shipment changes for YRC Worldwide (YRCW) in April 2020?

YRC Worldwide reported a 24.0% decrease in shipments per day in April 2020 compared to April 2019.

How much did YRCW's tonnage per day decline in May 2020?

In May 2020, YRC Worldwide experienced a 14.5% decline in tonnage per day compared to May 2019.

What is the revenue per shipment change for YRC Worldwide (YRCW) in Q2 2020?

In Q2 2020, YRC Worldwide's revenue per shipment declined by 4.9% compared to the same period in 2019.

What were the overall performance metrics for YRCW in Q2 2020?

YRC Worldwide reported a 19.8% decrease in shipments per day QTD and an 18.6% decrease in tonnage per day.