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YRC Worldwide will
issue shares to pay interest on $70M in debt.
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08.02.2010 - YRC Worldwide Inc.
plans to issue as many as 4.9 million shares of stock to pay the
interest on $70 million in debt it sold this spring. The Overland
Park-based trucking company (Nasdaq: YRCW) said in a securities filing
Monday that the semiannual interest payment is due on Aug. 15. It sold
the convertible senior notes in a private placement to pay off earlier
rounds of debt coming due this year. >>>
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Arkansas Best 2nd-Qtr Loss Shrinks
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| ABFS posted a loss of $7.4
million, or 30 cents per share, compared with a loss of $15.4
million, or 62 cents per share a year earlier. |
| 07.21.2010 -
NEW YORK (AP) - Arkansas Best cut its second-quarter
losses in half, the trucking company reported Wednesday, with
shipments picking up as the economy rebounds. The
company said it's continuing to see a "modest"
improvement in prices, but it still needs overall business and the
money it makes per shipment to get better to turn a profit. >>> |
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YRC Jumps 87%, Sees $45M Q2 Ebitda
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07.12.2010 -
Shares of beleaguered trucking firm YRC Worldwide
(YRCW)
are up 10 cents, or 88%, 3 cents, or 30%, at 15 21
cents, have strengthened all day long, after the
company this morning announced before market’s open it would
swing from a Q1 pre-tax loss of $53 million to a Q2 pre-tax profit
of as much as $45 million. >>>
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YRC forecasts growth
in 2Q pre-tax earnings
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07.12.2010 - NEW YORK (AP) -- YRC Worldwide expects to
report second quarter earnings of $35 million to $45 million
before taxes, debt and amortization, the trucking company said
Monday, as shipments begin to pick up.
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The company forecast excludes the YRC Logistics
segment, which it sold last month. When including an expected loss
from discontinued operations, it expects to report second quarter
EBITDA earnings of $24 million to $36 million. >>>
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| Obama To Reopen U.S.
Border to Mexican Trucks |
| Thousands
of Teamster Drivers are laid off, however Mexicans will soon Truck
in America again, No Public response by IBT President Hoffa |
| On May
6th Reuters
reported that President Barack Obama's administration will soon
announce its plan to reopen the U.S. border to Mexican trucks and
end a dispute that prompted Mexico to slap duties last year on
$2.4 billion worth of U.S. goods.
U.S.
Transportation Secretary Ray LaHood told lawmakers "We will
be announcing it very soon". |
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