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DJ Trucker Yellow Posts Wider Loss -- Market Talk

· 02/04/2021 16:59

1659 ET - The trucker formerly known as YRC Worldwide reports widening losses after a rocky year when it took a $700M federal coronavirus-relief loan to shore up its pandemic-battered business. Now named Yellow, the less-than-truckload provider reports a net 4Q loss of $18.7M compared to a $15.3M net loss for the same period in 2019. Revenue stays essentially flat at $1.17B for the quarter, up 0.4% YOY. CEO Darren Hawkins says volumes and pricing improved in the quarter, with LTL revenue per hundredweight up 2.2% excluding fuel surcharge. Yellow plans to spend $450M to $550M this year on new equipment. (jennifer.smith@wsj.com)

(END) Dow Jones Newswires

February 04, 2021 16:59 ET (21:59 GMT)

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