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

Rhea-AI Summary

YRC Worldwide Inc. (NASDAQ: YRCW) released operating metrics for July and August 2020, revealing a decline in key performance indicators compared to 2019. July saw a 6.9% drop in daily shipments, 4.3% decrease in tonnage per day, and 4.6% lower revenue per hundredweight. August continued this trend with an 8.4% reduction in shipments and 6.4% in tonnage. Overall, the quarter-to-date results showed an average decline of 7.6% in shipments with a 5.3% drop in tonnage, highlighting ongoing struggles in the less-than-truckload segment.

Positive

• Weight per shipment increased by 2.8% in July and 2.1% in August, indicating that shipments may be of higher quality or value.

Negative

• July shipments per day decreased by 6.9% and 8.4% in August, indicating a significant downward trend in demand.
• Revenue per hundredweight declined by 4.6% in July and 5.3% in August, suggesting reduced pricing power or lower demand.
• Quarter-to-date (QTD) shipments fell 7.6%, with tonnage per day down by 5.3%.

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

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

	Shipments per Day		Weight per Shipment		Tonnage per Day		Revenue per Hundredweight		Revenue per Shipment
July	-6.9%		2.8%		-4.3%		-4.6%		-1.9%
August	-8.4%		2.1%		-6.4%		-5.3%		-3.3%
QTD	-7.6%		2.4%		-5.3%		-4.9%		-2.6%

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.

Investor Contact:	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 YRCW in July and August 2020?

YRC Worldwide reported a 6.9% decrease in shipments per day for July and an 8.4% drop for August 2020.

How did YRCW's revenue metrics perform in August 2020?

In August 2020, YRCW experienced a 5.3% decline in revenue per hundredweight compared to the previous year.

What was the overall trend for YRCW in the third quarter of 2020?

The overall trend for YRCW in Q3 2020 indicated a 7.6% decrease in shipments and 5.3% drop in tonnage per day.