DALLAS, July 12, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring YRC Worldwide Inc. (Nasdaq:YRCW). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/YRCW
YRC Worldwide Inc. (YRCW), through its wholly owned operating subsidiaries, offers its customers a range of transportation services. These services include global, national and regional transportation, as well as logistics. Its operating subsidiaries include YRC National Transportation, which is a reporting unit for the transportation service providers focused on business opportunities in the regional national and international markets; YRC Regional Transportation is the reporting unit for the transportation service providers focused on business opportunities in the regional markets; YRC Logistics plans and coordinates the movement of goods worldwide to provide customers a single source for logistics management solutions, and YRC Truckload (Truckload) reflects the results of Glen Moore, a provider of truckload services throughout the United States.
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In the report, the analyst notes:
"Shares of YRCW traded as much as 22% higher yesterday after the company said it had obtained a commitment for a $400 million asset-backed loan (ABL) to replace its existing loan agreement."
"YRCW reported a net loss of $102 million and $(2.14) loss per share for the first quarter of 2011, narrowing the year-ago quarter loss of $274 million and $(13.15) loss per share."
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