YRC Worldwide - Transportgigant am Ende?

Nachdem der Autor des ursprünglichen "Giganten-Threads" das beschlagseitete Schiff schon vor längerer Zeit verlassen hat und der Nervfaktor für viele angesichts so mancher User-Beiträge unerträgliche Ausmaße angenomen hat, habe ich mich für einen neuen Thread entschieden.

Jeder, der sich hier mit vernünftigen Beiträgen äußern möchte, sei herzlich eingeladen, dies zu tun. Wer meint, den Thread zuspammen oder andere beleidigen zu müssen, wird nach einmaliger Warnung ausgeschlossen, sollte dies nicht aufhören.

In diesem Sinne,
T.

-- YRC Freight tons per day up 6.7%, revenue per hundredweight up 4.8%, operating revenue up 11.0%
-- Regional tons per day up 4.7%, revenue per hundredweight up 5.7%, operating revenue up 12.6%



OVERLAND PARK, KAN., Feb. 28, 2012 /PRNewswire/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today reported financial results for the fourth quarter of 2011.

Consolidated operating revenue for the fourth quarter of 2011 was $1.212 billion, up 11.1% over 2010, and consolidated operating loss was $38 million, which included a $13 million loss on asset disposals, $4 million of restructuring professional fees and $9 million of letter of credit fees (as detailed in the reconciliation below). Excluding these items, on a non-GAAP basis 2011 fourth quarter operating loss would have been $12 million.  As a comparison, the company reported consolidated operating revenue of $1.092 billion for the fourth quarter of 2010 and a consolidated operating loss of $28 million, which included a $3 million loss on asset disposals, $8 million of letter of credit fees and $6 million of restructuring professional fees (as detailed in the reconciliation below). Excluding these items, on a non-GAAP basis 2010 fourth quarter operating loss would have been $11 million.

The company also reported positive operating cash flow of $27 million for the fourth quarter of 2011, which included the $4 million of restructuring professional fees, and reported gross capital expenditures of $35 million. When excluding the above noted restructuring professional fees, the company reported on a non-GAAP basis adjusted free cash flow usage of $4 million for the fourth quarter of 2011 (as detailed in the reconciliation below). As a comparison, the company generated non-GAAP basis adjusted free cash flow of $11 million for the fourth quarter of 2010, which included the add back of $7 million of restructuring professional fees (as detailed in the reconciliation below).  

"I wish to express my thanks to our employees for their efforts as we work to build a more service-centric culture focused on delivering quality and consistently reliable freight service for our customers," said James Welch, chief executive officer of YRC Worldwide.  "I am pleased with the renewed focus on customer service, but obviously not satisfied with our consolidated operating results. However, I am encouraged that our performance trends over the fourth quarter are consistent with or exceeding the consolidated operating plan created by our now autonomous operating companies," stated Welch.

"Our plans to streamline and simplify the YRC Freight network during 2012 are designed to enable fewer touches of the freight, expedite delivery to our customers, reduce costs by network optimization, and allow YRC Freight to return to its core competency of handling LTL shipments moving in the 2-day to 5-day transit lanes which are generally between 500 and 3,500 miles," stated Welch. "Our YRC Freight growth strategy will focus on delivering consistent, high-quality, long-haul service that is reliable and cost-effective with competitive transit times."

"I also want to recognize our Regional operating companies, Holland, Reddaway and New Penn, for continuing to deliver best-in-class service in the next-day and regional North American LTL markets," said Welch.  "The employees at all three Regional companies rallied and worked hard during 2011 to deliver an adjusted operating ratio of 97.3% which represents their second consecutive profitable year coming out of the economic downturn.  Customer satisfaction remains high at Holland, Reddaway and New Penn, which validates that these three companies are doing the right things for their customers, and we expect their operating momentum to continue to improve in 2012."

At December 31, 2011, the company's cash, cash equivalents and availability under its $400 million multi-year asset-based loan facility ('ABL') was $277 million. The ABL borrowing base was $361 million as of December 31, 2011 as compared to $371 million as of September 30, 2011. As a comparison, the company's cash, cash equivalents and unrestricted availability under its lending facilities was $279 million at September 30, 2011 and $194 million at December 31, 2010.

On December 15, 2011, the company sold a significant portion of the assets of its Glen Moore truckload operating subsidiary and redeployed the remaining revenue equipment units to YRC Freight and the Regional operating companies.  "The proceeds from the sale of our Glen Moore assets improved our liquidity position and, more importantly, enable us to better focus our efforts on improving our core North American LTL businesses. We continue to evaluate additional sales of non-strategic assets," stated Jamie Pierson, executive vice president and chief financial officer of YRC Worldwide. "On the operating front, our effective management of working capital produced a days-sales-outstanding of 35.4 days, which is a one-day improvement over last year."

"We have hired Chicago-based NRC Realty & Capital Advisors LLC to coordinate the auction of 62 of our surplus properties resulting from our network integration activities," said Pierson. "These surplus properties currently have substantial holding cost, maintenance and real estate taxes. We have chosen the auction process to monetize these properties and turn a liability into an asset. Some of these sites have been on the market for over three years, and we are marking them down to sell."

In addition, the company reported a net loss of $86 million for the fourth quarter of 2011. As a comparison, the company reported net income of $15 million for the fourth quarter of 2010, which included an $87 million income tax benefit primarily due to a favorable IRS settlement.
(...)

YRC Worldwide Reverses To Loss In Q4

WASHINGTON (dpa-AFX) - YRC Worldwide Inc. (YRCW) posted fourth-quarter net loss attributable to common shareholders of $84.27 million, as against a profit of $15.80 million a year ago, with quarterly loss per share amounting to $12.40, compared with last year's $99.61 profit.

On average, 6 analysts polled by Thomson Reuters expected loss per share of $6.55 for the quarter. Analysts' estimates typically exclude one-time items.

Consolidated operating revenue for the latest quarter was $1.21 billion, up 11.1% over last year's $1.09 billion. Five analysts estimated revenues of $1.20 billion for the quarter.

http://www.finanznachrichten.de/...ide-reverses-to-loss-in-q4-020.htm

zeigen diese Zahlen sehr anschaulich:

Adjusted EBITDA

Q4 2011: $41,286 (+3,5%)
Q4 2010: $39,882

FY 2011: $159,157 (+76,2%)
FY 2010: $90,325

Quelle: http://investors.yrcw.com/secfiling.cfm?filingid=1193125-12-83719

Gruß,
T.

Schaetzt man, dass yrcw in naechsten monaten konkurs anmeldet?  

Warum sollten sie das tun?

OVERLAND PARK, Kan., March 8, 2012 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today announced the company has agreed to sell its interest in Shanghai Jiayu Logistics Co., Ltd. to its 35-percent joint venture partner.

"This is another important step in the continuing process to sharpen our focus on North American less-than-truckload (LTL) shipping. Our emphasis on core LTL services has resulted in significant increases in on-time service and our customers are responding very f...


http://investors.yrcw.com/releasedetail.cfm?ReleaseID=655692

oder gehts da noch weiter runter??  

Effective March 23, 2012, Paul F. Liljegren, Senior Vice President-Finance, Corporate Controller and Chief Accounting Officer, will resign from YRC Worldwide Inc. to pursue a new career opportunity outside the less-than-truckload industry.

http://investors.yrcw.com/secfiling.cfm?filingid=1193125-12-119764

Gruß,
T.

87%ige Ausfallwahrscheinlichkeit bei Credit Default Swaps.

der split, wenn ich fragen darf?  

Guggst Du hier: http://www.ariva.de/yrc_worldwide-aktie/...e_ereignisse?clean_split=0

Gruß,
T.

Tja, Leute,

bin zwar nicht mehr ganz nah am Ball, hab YRC aber weiterhin in Beobachtung, so mit einem Auge.

Sieht nicht so aus, als ob´s der Gigant nochmal schafft. Die ganzen Rettungsversuche inkl. der Deals mit Banken und Teamster, sowie der massive Verkauf von Assets haben, so scheinst, die Wettbewerbsfähigkeit von YRC so abschmieren lassen, dass sie wohl nicht mehr hochkommen.

Und das Interesse der Anleger lässt auch immer mehr nach, wie die Umsätze aufzeigen.

Ich hatte im Dezember 2010 mal einen Artikel vom Motley Fool übersetzt, dessen letzter Satz lautete:

"Sometimes, the way to deal with a hole is to stop digging. With YRC, however, we should just fill in the hole, lay flowers upon the grave, and walk away."

Manchmal ist es klüger, in einem Loch das Buddeln einzustellen. Im Falle YRC jedoch sollten wir es zuschütten, Blumen auf´s Grab legen und weggehen.

Wie gesagt, Dezember 2010.

http://www.fool.com/investing/general/2010/12/30/...survive-2011.aspx  

durch YRC beantragt:

"(...) The Company is requesting, among other things, to reset the covenants regarding minimum Consolidated EBITDA, maximum Total Leverage Ratio and minimum Interest Coverage Ratio (as such terms are defined in the Term Credit Agreement) for each of the remaining test periods, including reducing the relevant compliance thresholds for Consolidated EBITDA and the Interest Coverage Ratio by an average of approximately 25 – 35% and 30 – 40%, respectively, and increasing the relevant compliance thresholds for the Total Leverage Ratio by an average of approximately 35 – 55%. (...)"
Q: http://investors.yrcw.com/secfiling.cfm?filingid=1193125-12-171700

Von 402,346 auf 693,563 gestiegen... Das bedeutet bestimmt nicht gutes..

http://www.nasdaq.com/symbol/yrcw/short-interest

 

YRC Worldwide Achieves Continued Year-over-Year First Quarter Operating Improvement

Results Build on Agreements with Lenders that Provide Years of Financial Flexibility
-- YRC Freight tons per day up 3.5%, revenue per hundredweight up 3.3%, operating revenue up 8.1%
-- Regional tons per day up 6.0%, revenue per hundredweight up 4.5%, operating revenue up 9.8%



OVERLAND PARK, Kan., May 3, 2012 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today reported financial results for the first quarter of 2012.

Consolidated operating revenue for the seasonally slow first quarter of 2012 was $1.194 billion, up 6.4% over 2011, and consolidated operating loss was $48.8 million, which included an $8.4 million loss on asset disposals. As a comparison, the company reported consolidated operating revenue of $1.123 billion for the first quarter of 2011 and a consolidated operating loss of $68.4 million, which included a $3.0 million gain on asset disposals.  On Monday, the company also announced that 100% of its senior credit facility lenders agreed to reset certain financial covenants over the life of the loans and allow the company to retain all proceeds from the auction of certain surplus properties to pay or settle workers' compensation and bodily injury and property damage ("BIPD") claims.

In addition, the company reported, on a non-GAAP basis, adjusted EBITDA for the first quarter of 2012 of $15.3 million, up from negative adjusted EBITDA of $1.3 million during the comparable period in 2011 (as detailed in the reconciliation below).  On a year-over-year basis, adjusted EBITDA improved $16.6 million, even after taking into consideration approximately $23.0 million of multi-employer pension plan expense that the company incurred in the first quarter of 2012 but not in 2011.

(...)

Web site: www.yrcw.com

YRC Worldwide Schedules Second Quarter 2012 Release of Earnings

OVERLAND PARK, Kan., Aug. 1, 2012 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today announced that it will release earnings for second quarter 2012 on August 3, 2012 prior to the opening of the market.  Questions regarding the release can be directed to the company's investor contact.

Web site: www.yrcw.com

YRC Worldwide Inc. (YRCW:Quote) is scheduled to report second-quarter results. The company is expected to report a loss of $4.43 per share compared to the loss of $243.00 per share a year ago. Also, the company is anticipated to generate revenues of $1.31 billion, up from $1.26 billion recorded a year earlier. The company's shares closed Thursday's session at $5.77. (The stock gained nearly 6% in Q2; MA(50)- $6.52; MA(100)- $6.57; 52-wk H/L $270.00/$4.56)

http://www.rttnews.com/1938982/...rce=google&utm_campaign=sitemap

 

 

YRC Worldwide Reports Positive Operating Income for Second Quarter

Continued Year-over-Year Operating Improvement and Margin Expansion
Best Second Quarter Liquidity since 2008

 

 

http://www.yrcw.com/

 

Erwarte jetzt nicht den grossen Kurssprung aber bis auf 10.- könnte es in den nächsten 4-6 Wochen gehen  

-$4.43 (siehe #1206) vs. -$3.21

Jedoch sind die Verbindlichkeiten leicht gestiegen und mit ihnen die Zinszahlungen. Free Cash Flow hat sich zwar verbessert ist aber immer noch negativ.

Erwarte hier keine großen Kurssprünge auf Dauer über $7,- ...

Consolidated operating revenue for the third quarter ended September 30, 2013 was $1.253 billion, or $15.9 million (1.3%) higher than the $1.237 billion reported in the third quarter of 2012.
At the same time, consolidated operating income decreased from $27.3 million to $5.8 million, a $21.5 million decrease from the third quarter of 2012. Operating income in 2013 included a $1.3 million loss on asset disposals compared to a $2.3 million gain on asset disposals in 2012. The company also reported adjusted EBITDA, on a non-GAAP basis, for the third quarter of 2013 of $62.4 million, a $16.4 million decrease from the $78.8 million adjusted EBITDA reported for the third quarter of 2012 (as detailed in the reconciliation below).

Last Tuesday YRC Worldwide (Nasdaq:YRCW) management met with officials of local unions affiliated with the International Brotherhood of Teamsters (IBT). Since then, there has been an ongoing dialogue between the Company and the IBT...

YRC Worldwide and IBT Reach Tentative Agreement on Revised Proposal

OVERLAND PARK, Kan., Jan. 17, 2014 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (Nasdaq:YRCW) announced today that it has reached a tentative agreement with officials of the International Brotherhood of Teamsters on an extension of its collective bargaining agreement to March 2019.
The tentative agreement contains a number of revisions to the company's previous proposal which address concerns raised by the Teamsters leadership and its members. The previous proposal, which was voted without reaching an agreement with the union was not ratified by the company's employees.  In contrast, this MOU extension was negotiated with the union.
"The outcome of this week's discussions is critical to the future of the company. The MOU extension is something our employees can have confidence is the best - and only remaining - path forward," said James Welch, chief executive officer of YRC Worldwide.
Details of the revised proposal will be reviewed by local union officials at a "two-person" meeting of local union officials to be held on Tuesday, January 21, 2014.