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YRC Posts Positive 1Q Operating Income for First Time in Six Years

May 03, 2013

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YRC Worldwide Friday reported positive first-quarter operating income, the first time it has reported a first-quarter operating profit in six years.

Operating income was $9.9 million, turning around an operating loss of $48.8 million a year ago, the less-than-truckload carrier said in a statement.

Its adjusted earnings before interest, taxes, depreciation and amortization were $60.7 million, compared with $15.3 million in adjusted EBITDA a year ago.

“Despite more difficult winter weather conditions in the first quarter of 2013 as compared to an unusually mild winter in 2012, our year-over-year operating results continue to improve,” CEO James Welch said in a statement.

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