YRC narrows quarterly loss, but revenue declines

YRC Worldwide Inc. on Thursday reported a smaller net loss for the first quarter despite lower revenue and a decline in the amount of freight shipments.

The Overland Park-based trucking company said it lost $12 million for the three months that ended March 31, compared with a loss of $21.6 million a year earlier.

Quarterly revenue amounted to $1.12 billion, down from $1.18 billion in the first quarter last year.

In a measurement of its operations, YRC said freight tonnage per day in the quarter declined 6.7 percent at its YRC Freight business and fell 3.8 percent at its regional trucking operations.

YRC also reported consolidated operating income of $13.4 million in the first quarter, up from $3.7 million in last year’s first quarter.

James Welch, YRC’s CEO, said operating improvements were “driven by consistent and improved customer service, base rate increases, tightly managed costs and productivity gains.”

This story was originally published April 28, 2016 at 6:42 PM with the headline "YRC narrows quarterly loss, but revenue declines."