YRC Worldwide Reports Second Quarter Results

                 YRC Worldwide Reports Second Quarter Results

Regionals Deliver another Solid Quarter

YRC Freight Completes Network Optimization

PR Newswire

OVERLAND PARK, Kan., Aug. 7, 2013

OVERLAND PARK, Kan., Aug. 7, 2013 /PRNewswire/ --YRC Worldwide Inc. (NASDAQ:
YRCW) today reported financial results for the second quarter 2013.

Consolidated operating revenue for the second quarter ending June 30, 2013 was
$1.243 billion, or 0.7% lower than the $1.251 billion reported in the second
quarter of 2012 and consolidated operating income decreased slightly from
$15.5 million to $14.3 million, or by $1.2 million. Operating income in 2013
included a $1.3 million loss on asset disposals compared to $6.5 million gain
on asset disposals in 2012.

The company reported, on a non-GAAP basis, adjusted EBITDA for the second
quarter of 2013 of $74.7 million, a $4.6 million improvement over the $70.1
million adjusted EBITDA reported for the second quarter of 2012 (as detailed
in the reconciliation below). Included in adjusted EBITDA for the second
quarter of 2013 is a $6.3 million charge related to the network optimization
that was implemented at YRC Freight in May 2013.

"As we move through 2013, we continue to make steady progress on our long-term
objective of regaining a leadership position in the LTL industry. In the
second quarter, we paved the way for future success by making investments in
newly leased tractors and trailers, completing the rollout of mobile handheld
productivity devices for our city drivers, and completing the second largest
network optimization in YRC Freight history," said YRC Worldwide CEO James
Welch. "While the Regionals continue to excel in their markets, YRC Freight
faced some headwinds during the implementation of the network optimization
plan. We recorded a one-time charge of $6.3 million related to the network
optimization, which is a small investment in what we anticipate will be
approximately $25 to $30 million in annual savings," added Welch.

"As we have said before, 2012 was a year of progress and 2013 is the year of
performance, and we continue to deliver on that performance. Going forward,
we remain focused on delivering incremental productivity improvements,
consistent service and equally strong operational results. We are confident
in the position of our company and believe we have opportunity to grow the
business, improve profitability and deliver high-quality service for our
customers," stated Welch.

"Additionally, we continue to see positive results from the safety initiatives
we started in late 2011. The overall frequency of our workers' compensation
claims is continuing to decline while we also continue to settle more claims
than are filed. The net result is a reduction in the number of open claims and
a reduction in our associated liabilities and outstanding letters of credit
supporting these programs. In the second quarter alone, we were able to
decrease our outstanding letters of credit by $43 million or 10% from $429
million to $386 million," said Welch.

Key Segment Information  – second quarter 2013 compared to second quarter 2012

                                                                      Percent
YRC Freight                             2013           2012
                                                                      Change
Operating revenues (in millions)        $   797.6   $   821.1   (2.9)%
Operating loss (in millions)            (8.5)          (5.1)          (66.7)%
Operating ratio                         101.1          100.6          (0.5)pp
Total tonnage per day (in thousands)    26.71          27.72          (3.6)%
Total shipments per day (in thousands)  46.12          48.41          (4.7)%
Revenue per hundredweight               $   23.32   $   23.24   0.4%
Revenue per shipment                    $     270  $     266  1.5%
                                                                      Percent
Regional Transportation                 2013           2012
                                                                      Change
Operating revenues (in millions)        $   444.9   $   429.8   3.5%
Operating income (in millions)          25.2           22.9           10.0%
Operating ratio                         94.3           94.7           0.4pp
Total tonnage per day (in thousands)    30.79          30.42          1.2%
Total shipments per day (in thousands)  42.35          41.25          2.7%
Revenue per hundredweight               $   11.30   $   11.12   1.5%
Revenue per shipment                    $     164  $     164  0.1%

YRC Freight reported an operating loss of $8.5 million in the second quarter
of 2013 and reported an operating ratio of 101.1, which is a slight decrease
over the second quarter of 2012. "In May 2013, we implemented the second
largest network optimization plan in the history of our company," stated Jeff
Rogers, president of YRC Freight. "During implementation, our execution was
hampered due to increased shipment volumes we were experiencing at the time.
Service, operations and financial results were adversely affected as a
consequence. The good news is, the optimization will increase density in the
network, result in fewer touches of shipments, increase load averages and
reduce linehaul miles. The great news is, the change is complete, service is
moving back to pre-change levels, and this is absolutely in the best interest
of our customers and our long-term success," said Rogers.

"Our Regional carriers continue to perform at market levels," stated Welch.
"For the second quarter of 2013, our Regional group reported operating income
of $25.2 million, a 10.0% increase over the same period in 2012, and delivered
a 94.3 operating ratio for the quarter. With each passing quarter, they
continue to execute on their long-term strategies by growing top-line revenue,
providing industry-leading customer service, increasing their operational
efficiencies, and increasing profitability and operating income as a result.
Once again, Holland, Reddaway and New Penn employees delivered exceptional
performance, and I applaud them for their efforts," Welch said.

Liquidity

At June 30, 2013, the company's liquidity, including cash, cash equivalents
and availability under its $400 million asset-based loan facility (ABL), was
$218.7 million. The ABL borrowing base was $378.9 million as of June 30,
2013. As a comparison, the company's liquidity, including cash, cash
equivalents and availability under its ABL, was $248.7 million of cash, cash
equivalents and ABL availability at June30, 2012. For the six months ended
June 30, 2013, cash used in operating activities was $18.2 million as compared
to $16.6 million for the six months ended June 30, 2012.

"We were able to slightly improve liquidity during the second quarter despite
increased cash outflows for capital expenditures, non-union pension payments,
and unemployment tax payments. Our operational improvements and focus on
working capital management continue to provide us with sufficient liquidity,"
stated Jamie Pierson, chief financial officer of YRC Worldwide. 

Other

"As everyone is aware, we have a couple of debt maturities in early and late
2014 and then again in early 2015. Even though the bulk of the maturities are
literally over a year away, we recently retained Credit Suisse, in combination
with our financial advisor, The MAEVA Group, to assist us in developing a
broad range of refinancing and recapitalization options. In order to
accomplish any such transaction, we have a number of constituents to consider
and we are currently in the process of evaluating all alternatives," said
Pierson.

Review of Financial Results

YRC Worldwide Inc. will host a conference call with the investment community
today, Wednesday, August 7, 2013, beginning at 9:30 a.m. ET, 8:30 a.m. CT.
The call will be available to listeners as a live webcast and as a replay via
the YRC Worldwide website yrcw.com.

Non-GAAP Financial Measures

Adjusted EBITDA is a non-GAAP measure that reflects the company's earnings
before interest, taxes, depreciation, and amortization expense, and further
adjusted for letter of credit fees, equity-based compensation expense, net
gains or losses on property disposals and certain other items, including
restructuring professional fees and results of permitted dispositions and
discontinued operations as defined in the company's credit
facilities.Adjusted EBITDA is used for internal management purposes as a
financial measure that reflects the company's core operating performance.In
addition, management uses adjusted EBITDA to measure compliance with financial
covenants in the company's credit facilities. Free cash flow and adjusted
free cash flow are non-GAAP measures that reflect the company's operating cash
flow minus gross capital expenditures and operating cash flow minus gross
capital expenditures, excluding the restructuring professional fees included
in operating cash flow, respectively. However, these financial measures should
not be construed as better measurements than operating cash flow, net income
or earnings per share, as defined by generally accepted accounting principles
(GAAP).

Adjusted EBITDA has the following limitations:

  oAdjusted EBITDA does not reflect the interest expense or the cash
    requirements necessary to fund restructuring professional fees, letter of
    credit fees, service interest or principal payments on our outstanding
    debt;
  oAlthough depreciation and amortization are non-cash charges, the assets
    being depreciated and amortized will have to be replaced in the future,
    and adjusted EBITDA does not reflect any cash requirements for such
    replacements;
  oEquity-based compensation is an element of our long-term incentive
    compensation program, although adjusted EBITDA excludes certain employee
    equity-based compensation expense when presenting our ongoing operating
    performance for a particular period;
  oAdjusted free cash flow excludes the cash usage by the company's
    restructuring professional fees, debt issuance costs, equity issuance
    costs and principal payments on our outstanding debt and the resulting
    reduction in the company's liquidity position from those cash outflows;
  oOther companies in our industry may calculate adjusted EBITDA differently
    than we do, limiting their usefulness as a comparative measure.

Because of these limitations, adjusted EBITDA, free cash flow and adjusted
free cash flow should not be considered a substitute for performance measures
calculated in accordance with GAAP. We compensate for these limitations by
relying primarily on our GAAP results and using adjusted EBITDA, free cash
flow and adjusted free cash flow as a secondary measure. The company has
provided reconciliations of its non-GAAP measures, adjusted EBITDA, free cash
flow and adjusted free cash flow, to GAAP operating income (loss) within the
supplemental financial information in this release.

* * * * *

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. Words
such as "will," "expect," "intend," "anticipate," "believe," "project,"
"forecast," "propose," "plan," "designed," "enable," and similar expressions
are intended to identify forward-looking statements. Forward-looking
statements are inherently uncertain and are subject to significant business,
economic, competitive, regulatory and other risks, uncertainties and
contingencies, known and unknown, many of which are beyond our control. Our
future financial condition and results could differ materially from those
predicted in such forward-looking statements because of a number of factors,
including (without limitation) our ability to generate sufficient cash flows
and liquidity to fund operations and satisfy our cash needs and future cash
commitments, including (without limitation) our obligations related to our
substantial indebtedness and lease and pension funding requirements; the pace
of recovery in the overall economy, including (without limitation) customer
demand in the retail and manufacturing sectors; the success of our management
team in implementing its strategic plan and operational and productivity
improvements, including (without limitation) our continued ability to meet
high on-time and quality delivery performance standards, and the impact of
those improvements to meet our future liquidity and profitability; our ability
to finance the maintenance, acquisition and replacement of revenue equipment
and other necessary capital expenditures; potential increase in our operating
lease obligations resulting from our decision to defer the purchase of new
revenue equipment; changes in equity and debt markets; inclement weather;
price and availability of fuel; sudden changes in the cost of fuel or the
index upon which we base our fuel surcharge and the effectiveness of our fuel
surcharge program in protecting us against fuel price volatility; competition
and competitive pressure on service and pricing; expense volatility, including
(without limitation) volatility due to changes in rail service or pricing for
rail service; our ability to comply and the cost of compliance with federal,
state, local and foreign laws and regulations, including (without limitation)
laws and regulations for the protection of employee safety and health and the
environment; terrorist attack; labor relations, including (without limitation)
the continued support of our union employees with respect to our strategic
plan, the impact of work rules, work stoppages, strikes or other disruptions,
our obligations to multi-employer health, welfare and pension plans, wage
requirements and employee satisfaction; the impact of claims and litigation to
which we are or may become exposed; and other risks and contingencies,
including (without limitation) the risk factors that are included in our
reports filed with the SEC, including those described under "Risk Factors" in
our annual report on Form 10-K and quarterly reports on Form 10-Q.

* * * * *

About YRC Worldwide

YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park,
Kan., is the holding company for a portfolio of successful companies including
YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn, and provides
China-based services through its JHJ joint venture. YRC Worldwide has one of
the largest, most comprehensive less-than-truckload (LTL) networks in North
America with local, regional, national and international capabilities. Through
its team of experienced service professionals, YRC Worldwide offers
industry-leading expertise in heavyweight shipments and flexible supply chain
solutions, ensuring customers can ship industrial, commercial and retail goods
with confidence. Please visit www.yrcw.com for more information.

Follow YRC Worldwide on Twitter: http://twitter.com/yrcworldwide

Investor Contact: Stephanie Fisher
                    913-696-6108
                    investor@yrcw.com
Media Contact: Suzanne Dawson
                    LAK Public Relations, Inc.
                    212-329-1420
                    sdawson@lakpr.com



CONSOLIDATED BALANCE SHEETS
YRC Worldwide Inc. and Subsidiaries
(Amounts in millions except share and per share data)
                                    June 30,              December 31,
                                    2013                  2012
ASSETS                              (Unaudited)
CURRENT ASSETS:
 Cash and cash equivalents          $       165.9  $       208.7
 Restricted amounts held in escrow  7.2                   20.0
 Accounts receivable, net           524.6                 460.1
 Prepaid expenses and other         92.4                  85.3
   Total current assets             790.1                 774.1
PROPERTY AND EQUIPMENT:
 Cost                               2,852.7               2,869.0
 Less - accumulated depreciation    (1,707.6)             (1,677.6)
   Net property and equipment       1,145.1               1,191.4
OTHER ASSETS:
 Intangibles, net                   89.3                  99.2
 Restricted amounts held in escrow  102.5                 102.5
 Other assets                       45.5                  58.3
   Total assets                     $      2,172.5   $      2,225.5
LIABILITIES AND SHAREHOLDERS'
DEFICIT
CURRENT LIABILITIES:
 Accounts payable                   $       174.3  $       162.0
 Wages, vacations, and employees'   229.2                 190.9
 benefits
 Other current and accrued          205.2                 233.2
 liabilities
 Current maturities of long-term    75.9                  9.1
 debt
   Total current liabilities        684.6                 595.2
OTHER LIABILITIES:
 Long-term debt, less current       1,290.3               1,366.3
 portion
 Pension and postretirement         525.2                 548.8
 Claims and other liabilities       313.9                 344.3
 Commitments and contingencies
SHAREHOLDERS' DEFICIT:
 Preferred stock, $1.00 par value   -                     -
 per share
 Common stock, $0.01 par value per  0.1                   0.1
 share
 Capital surplus                    1,948.5               1,926.5
 Accumulated deficit                (2,110.2)             (2,070.6)
 Accumulated other comprehensive    (387.2)               (392.4)
 loss
 Treasury stock, at cost (410       (92.7)                (92.7)
 shares)
    Total shareholders' deficit   (641.5)               (629.1)
   Total liabilities and            $      2,172.5   $      2,225.5
   shareholders' deficit



STATEMENTS OF CONSOLIDATED COMPREHENSIVE LOSS
YRC Worldwide Inc. and Subsidiaries
For the Three and Six Months Ended June 30
(Amounts in millions except per share data, shares in thousands)
(Unaudited)
                            Three Months              Six Months
                            2013         2012         2013         2012
OPERATING REVENUE           $         $         $         $    
                            1,242.5     1,250.8     2,405.0     2,445.1
OPERATING EXPENSES:
   Salaries, wages and      717.5        723.9        1,398.5      1,428.8
   employees' benefits
   Operating expenses and   285.8        285.8        553.6        579.0
   supplies
   Purchased transportation 125.7        126.3        240.6        245.9
   Depreciation and         43.5         45.7         87.1         94.8
   amortization
   Other operating expenses 54.4         60.1         104.2        128.0
   (Gains) losses on        1.3          (6.5)        (3.2)        1.8
   property disposals, net
         Total operating    1,228.2      1,235.3      2,380.8      2,478.3
         expenses
OPERATING INCOME (LOSS)     14.3         15.5         24.2         (33.2)
NONOPERATING (INCOME)
EXPENSES:
   Interest expense         41.9         41.6         81.1         77.9
   Other, net               (2.5)        (2.7)        (2.8)        (3.0)
         Nonoperating       39.4         38.9         78.3         74.9
         expenses, net
LOSS BEFORE INCOME TAXES    (25.1)       (23.4)       (54.1)       (108.1)
INCOME TAX BENEFIT          (10.0)       (0.8)        (14.5)       (3.9)
NET LOSS                  (15.1)       (22.6)       (39.6)       (104.2)
LESS: NET INCOME
ATTRIBUTABLE TO             -            -            -            3.9
NON-CONTROLLING INTEREST
 NET LOSS ATTRIBUTABLE TO (15.1)       (22.6)       (39.6)       (108.1)
YRC WORLDWIDE INC.
OTHER COMPREHENSIVE INCOME, 2.1          0.5          5.2          6.2
NET OF TAX
 COMPREHENSIVE LOSS       $       $       $       $     
ATTRIBUTABLE TO YRC         (13.0)       (22.1)       (34.4)       (101.9)
WORLDWIDE INC.
AVERAGE COMMON SHARES
OUTSTANDING-BASIC AND       8,784        7,036        8,583        6,965
DILUTED
BASIC AND DILUTED LOSS PER  $       $       $       $     
SHARE                       (1.72)       (3.21)       (4.62)       (15.52)



STATEMENTS OF CONSOLIDATED CASH FLOWS
YRC Worldwide Inc. and Subsidiaries
For the Six Months Ended June 30
(Amounts in millions)
(unaudited)
                                               2013         2012
OPERATING ACTIVITIES:
 Net loss                                      $       $     (104.2)
                                               (39.6)
 Noncash items included in net loss:
  Depreciation and amortization                87.1         94.8
  Paid-in-kind interest on Series A Notes and  16.1         14.9
  Series B Notes
  Amortization of deferred debt costs          3.3          2.5
  Equity based compensation expense           4.0          2.1
  Deferred income tax benefit, net             (0.8)        -
  (Gains) losses on property disposals, net    (3.2)        1.8
  Other noncash items, net                     3.1          (3.1)
 Changes in assets and liabilities, net:
  Accounts receivable                          (65.5)       (33.5)
  Accounts payable                             5.5          14.2
  Other operating assets                       0.4          0.5
  Other operating liabilities                  (28.6)       (6.6)
  Net cash used in operating activities        (18.2)       (16.6)
INVESTING ACTIVITIES:
 Acquisition of property and equipment         (39.1)       (30.7)
 Proceeds from disposal of property and        4.2          21.1
 equipment
 Receipts from restricted escrow, net          12.8         13.3
 Other                                         1.8          2.4
  Net cash (used in) provided by investing     (20.3)       6.1
  activities
FINANCING ACTIVITIES:
 Issuance of long-term debt                    0.3          45.0
 Repayment of long-term debt                   (4.6)        (13.1)
 Debt issuance costs                           -            (5.1)
  Net cash (used in) provided by financing     (4.3)        26.8
  activities
NET (DECREASE) INCREASE IN CASH AND CASH       (42.8)       16.3
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 208.7        200.5
CASH AND CASH EQUIVALENTS, END OF PERIOD       $       $      216.8
                                               165.9
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid                                $       $      (60.3)
                                               (57.2)
Income tax refund, net                         11.8         8.7



SUPPLEMENTAL FINANCIAL INFORMATION
YRC Worldwide Inc. and Subsidiaries
For the Three and Six Months Ended June 30
(Amounts in millions)
(Unaudited)
SEGMENT
INFORMATION
                   Three Months                    Six Months
                   2013       2012      %          2013         2012     %
Operating revenue:
                   $       $                 $         $   
 YRC Freight                 821.1  (2.9)      1,551.4      1,610.2  (3.7)
                   797.6
 Regional          444.9      429.8     3.5        853.6        831.8    2.6
 Transportation
 Other, net of     -          (0.1)                -            3.1
 eliminations
 Consolidated     1,242.5    1,250.8   (0.7)      2,405.0      2,445.1  (1.6)
Operating income
(loss):
 YRC Freight       (8.5)      (5.1)                (6.1)        (61.2)
 Regional          25.2       22.9                 37.2         34.4
 Transportation
 Corporate and     (2.4)      (2.3)                (6.9)        (6.4)
 other
                   $       $                 $       $   
 Consolidated                                24.2         
                   14.3      15.5                             (33.2)
Operating ratio:
 YRC Freight       101.1%     100.6%               100.4%       103.8%
 Regional          94.3%      94.7%                95.6%        95.9%
 Transportation
 Consolidated      98.8%      98.8%                99.0%        101.4%
 Operating ratio is calculated as (i) 100 percent (ii) minus the result of
 dividing operating income by operating revenue or (iii) plus the result of
 dividing operating loss by operating revenue, and expressed as a percentage.
SUPPLEMENTAL                                       Premium/     Book
INFORMATION
 As of June 30,                         Par Value  (Discount)   Value
 2013
 Restructured term                      $      $       $   
 loan                                   298.7      52.7         
                                                                351.4
 ABL facility – Term A - (capacity
 $175M; borrowing base $157.8M;         105.0      (3.5)        101.5
 availability $52.8M)
 ABL facility – Term B - (capacity
 $221.1M; borrowing base $221.1M;       221.1      (6.3)        214.8
 availability $0)
 Series A Notes                         169.3      (23.2)       146.1
 Series B Notes                         79.0       (16.9)       62.1
 6% convertible                         69.4       (3.9)        65.5
 senior notes
 Pension
 contribution                           124.6      (0.3)        124.3
 deferral
 obligations
 Lease financing                        300.2      -            300.2
 obligations
 Other                                  0.3        -            0.3
  Total debt                          $        $       $   
                                        1,367.6   (1.4)       1,366.2
                                                   Premium/     Book
 As of December                         Par Value  (Discount)   Value
 31, 2012
 Restructured term                      $      $       $   
 loan                                   298.7      67.6         
                                                                366.3
 ABL facility – Term A - (capacity
 $175M; borrowing base $147.6M;         105.0      (4.8)        100.2
 availability $42.6M)
 ABL facility – Term B - (capacity
 $222.2M; borrowing base $222.2M;       222.2      (8.5)        213.7
 availability $0)
 Series A Notes                         161.2      (27.8)       133.4
 Series B Notes                         91.5       (25.4)       66.1
 6% convertible                         69.4       (6.3)        63.1
 senior notes
 Pension
 contribution                           125.8      (0.4)        125.4
 deferral
 obligations
 Lease financing                        306.9      -            306.9
 obligations
 Other                                  0.3        -            0.3
  Total debt                          $        $       $   
                                        1,381.0   (5.6)       1,375.4



SUPPLEMENTAL FINANCIAL INFORMATION
YRC Worldwide Inc. and Subsidiaries
For the Three and Six Months Ended June 30
(Amounts in millions)
(Unaudited)
                           Three Months                Six Months
                           2013           2012         2013         2012
 Reconciliation of
 operating income (loss)
 to adjusted EBITDA:
 Operating income (loss)   $        $       $       $    
                             14.3        15.5       24.2         (33.2)
 Depreciation and          43.5           45.7         87.1         94.8
 amortization
 (Gains) losses on         1.3            (6.5)        (3.2)        1.8
 property disposals, net
 Letter of credit expense  8.9            9.6          17.8         17.5
 Restructuring             1.5            2.5          2.8          3.0
 professional fees
 Permitted dispositions    (0.2)          (0.2)        (0.1)        (2.1)
 and other
 Equity based compensation 3.0            1.0          4.0          2.1
 expense
  Other nonoperating,    2.4            2.5          2.8          1.5
 net
 Adjusted EBITDA          $        $       $       $    
                             74.7        70.1      135.4          85.4
                           Three Months                Six Months
 Adjusted EBITDA by        2013           2012         2013         2012
 segment:
  YRC Freight            $        $       $       $    
                             30.0        27.9       63.6         18.3
  Regional               42.5           40.7         71.5         69.8
 Transportation
  Corporate and other    2.2            1.5          0.3          (2.7)
 Adjusted EBITDA          $        $       $       $    
                             74.7        70.1      135.4          85.4
                           Three Months                Six Months
                           2013           2012         2013         2012
 Reconciliation of
 adjusted EBITDA to
 adjusted free cash flow
 (deficit):
 Adjusted EBITDA          $        $       $       $    
                             74.7        70.1      135.4          85.4
 Total restructuring       (1.5)          (2.5)        (2.8)        (3.0)
 professional fees
 Cash paid for interest    (28.7)         (28.8)       (57.2)       (60.3)
 Cash paid for letter of   (9.0)          (9.5)        (15.0)       (19.1)
 credit fees
 Working capital cash
 flows excluding income    (37.0)         (29.7)       (90.4)       (28.3)
 tax, net
 Net cash used in
 operating activities      (1.5)          (0.4)        (30.0)       (25.3)
 before income taxes
 Cash (paid) received from (2.8)          0.9          11.8         8.7
 income taxes, net
 Net cash provided by
 (used in) operating       (4.3)          0.5          (18.2)       (16.6)
 activities
 Acquisition of property   (21.9)         (15.6)       (39.1)       (30.7)
 and equipment
 Total restructuring       1.5            2.5          2.8          3.0
 professional fees
 Adjusted free cash flow   $        $       $       $    
 (deficit)                  (24.7)       (12.6)     (54.5)        (44.3)



SUPPLEMENTAL FINANCIAL INFORMATION
YRC Worldwide Inc. and Subsidiaries
For the Three and Six Months Ended June 30
(Amounts in millions)
(Unaudited)
                             Three Months               Six Months
  YRC Freight segment        2013         2012          2013       2012
  Reconciliation of
  operating loss to adjusted
  EBITDA:
                             $       $        $      $     
  Operating loss                (8.5)              (6.1)   (61.2)
                                          (5.1)
 Depreciation and    27.9         29.8          55.9       62.4
amortization
 (Gains) losses on   1.0          (6.3)         (3.5)      1.7
property disposals, net
 Letter of credit    7.2          7.7           14.6       14.3
expense
 Other nonoperating, 2.4          1.8           2.7        1.1
net
  Adjusted EBITDA           $       $        $      $     
                                30.0      27.9     63.6    18.3
                             Three Months               Six Months
  Regional Transportation    2013         2012          2013       2012
  segment
  Reconciliation of
  operating income to
  adjusted EBITDA:
  Operating income          $       $        $      $     
                                25.2      22.9     37.2    34.4
 Depreciation and    15.6         15.9          31.1       31.8
amortization
 Losses on property  0.1          0.2           0.1        0.6
disposals, net
 Letter of credit    1.6          1.7           3.0        3.0
expense
 Other nonoperating, -            -             0.1        -
net
  Adjusted EBITDA            $       $        $      $     
                                42.5      40.7     71.5    69.8
                             Three Months               Six Months
  Corporate and other        2013         2012          2013       2012
  segment
  Reconciliation of
  operating loss to adjusted
  EBITDA:
                             $       $        $      $     
  Operating loss                (2.4)              (6.9)    (6.4)
                                          (2.3)
 Depreciation and    -            -             0.1        0.6
amortization
 (Gains) losses on   0.2          (0.4)         0.2        (0.5)
property disposals, net
 Equity based        3.0          1.0           4.0        2.1
compensation expense
 Letter of credit    0.1          0.2           0.2        0.2
expense
 Restructuring       1.5          2.5           2.8        3.0
professional fees
 Permitted           (0.2)        (0.2)         (0.1)      (2.1)
dispositions and other
 Other nonoperating, -            0.7           -          0.4
net
  Adjusted EBITDA            $       $        $      $     
                                2.2       1.5    0.3     (2.7)



YRC Worldwide Inc.
Segment Statistics
                           YRC Freight
                                                            Y/Y     Sequential
                           2Q13       2Q12       1Q13       % ^(b)  % ^(b)
Workdays                   64.0       63.5       62.5
Total picked up revenue    $        $        $        (2.5)   5.4
(in millions) ^(a)         797.5     818.0     756.9
Total tonnage (in          1,710      1,760      1,605      (2.9)   6.5
thousands)
Total tonnage per day (in  26.71      27.72      25.69      (3.6)   4.0
thousands)
Total shipments (in        2,952      3,074      2,764      (4.0)   6.8
thousands)
Total shipments per day    46.12      48.41      44.23      (4.7)   4.3
(in thousands)
Total revenue/cwt.         $        $        $        0.4     (1.1)
                           23.32     23.24     23.57
Total revenue/shipment     $      $      $      1.5     (1.3)
                           270        266        274
Total weight/shipment (in  1,159      1,145      1,162      1.2     (0.3)
pounds)
Reconciliation of operating revenue to total picked up
revenue (in millions):
Operating revenue          $        $        $  
                           797.6     821.1     753.8
Change in revenue deferral (0.1)      (3.1)      3.1
and other
Total picked up revenue    $        $        $  
                           797.5     818.0     756.9
                           Regional Transportation
                                                            Y/Y     Sequential
                           2Q13       2Q12       1Q13       % ^(b)  % ^(b)
Workdays                   64.0       63.5       62.5
Total picked up revenue    $        $        $        3.6     8.8
(in millions) ^(a)         445.1     429.8     409.0
Total tonnage (in          1,970      1,932      1,831      2.0     7.6
thousands)
Total tonnage per day (in  30.79      30.42      29.30      1.2     5.1
thousands)
Total shipments (in        2,710      2,619      2,480      3.5     9.3
thousands)
Total shipments per day    42.35      41.25      39.68      2.7     6.7
(in thousands)
Total revenue/cwt.         $        $        $        1.5     1.2
                           11.30     11.12     11.17
Total revenue/shipment     $      $      $      0.1     (0.4)
                           164        164        165
Total weight/shipment (in  1,454      1,475      1,477      (1.4)   (1.5)
pounds)
Reconciliation of operating revenue to total picked up
revenue (in millions):
Operating revenue          $        $        $  
                           444.9     429.8     408.7
Change in revenue deferral 0.2        0.0        0.3
and other
Total picked up revenue    $        $        $  
                           445.1     429.8     409.0
^(a)Does not equal financial statement revenue due to revenue recognition
adjustments between accounting periods.
^(b) Percent change based on unrounded figures and not rounded
figures presented.



SOURCE YRC Worldwide

Website: http://www.yrcw.com
 
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