YRC Worldwide issues Q2 operating metrics through May

Overland Park, Kan.-based national less-than-truckload (LTL) transportation services provider YRC Worldwide, parent of the fourth- and seventh-largest trucking entities in the LTL sector, released some operating metrics for the first two months of the second quarter.

For YRC Freight, its largest segment, the company said that tonnage per day in April fell 5.5% compared to April 2018, with May tonnage per day down around 7.6% annually. And on a quarter-to-date basis, LTL revenue per hundredweight was up around 4.8% annually, with LTL revenue per shipment up for April and May up around 3.3% annually. 

April 2019 LTL tonnage per day for the YRC Regional segments fell around 5.3% annually, and May LTL tonnage per day was off around 5.9% annually. On a quarter-to-date basis May 2019, LTL revenue per hundredweight headed up around 2.4% annually. And LTL revenue per shipment rose around 2.4% quarter-to-date through May 2019 annually.

In the first quarter of 2019, YRC lost $49.1 million compared with a loss of $14.6 million in the year-ago quarter. YRC reported consolidated operating revenue for first quarter of $1.182 billion and a consolidated operating loss of $31.7 million, which included a $1.6 million net loss on property disposals.  By comparison in the year-ago quarter, YRC posted operating revenue of $1.215 billion and consolidated operating loss of $4.3 million. That loss included a $3.2 million net loss on property disposals.