YRCW releases Q1 operating metrics

Late last week, Less-than-truckload (LTL) freight transportation services provider YRC Worldwide issued certain operating metrics for the first two months of the first quarter.

YRCW reported that:

• shipments per day were down 5.3% and 2.4% in January and February, respectively and down 3.9% through the first two months of the year;
• weight per shipment was up 4% and 2.8% in January and February, respectively, and up 3.4% for the first two months of 2018;
• tonnage per day was down 1.5 in January and up 0.3% in in February and down 0.7% through the first two months of 2020;
• revenue per hundredweight was down 5.3% and 3.1%, respectively, in January and February, and down 4.2% through the first two months of 2020; and
• revenue per shipment was down 1.5% and 0.4% in January and February, respectively, and down 1% through the first two months of 2020

YRCW officials said that as detailed in its most recent Form 10-K, as it progresses through its previously discussed enterprise transformation, “the company will be reporting its five brands, which were formerly reported as two segments, now as one company on a consolidated basis.” 

And they added that as of March 13, the impact of the coronavirus outbreak has not had a significant impact on its 2020 financials.

“However, the situation is changing rapidly on a daily basis,” said YRCW. “The extent to which the coronavirus may impact our future results is uncertain and we will monitor evolving trends and make necessary adjustments as facts and circumstances dictate.”

LM’s John Schulz recently interviewed YRCW CEO Darren Hawkins about the company’s financials and 2020 outlook. Click here to read it.