YRC Worldwide (YRCW) jumps 28% at the open after posting positive operating income in Q1 for the...

|About: YRC Worldwide, Inc. (YRCW)|By:, SA News Editor

YRC Worldwide (YRCW) jumps 28% at the open after posting positive operating income in Q1 for the first time in more than half a decade; Q1 operating income was $2.4M, a $58.5M Y/Y increase. "2013 is a year of performance," CEO James Welch boldly states, adding that the company "still has significant opportunity for… improvements." Welch also notes that "even though [the company's] liquidity decreased $36.5M [sequentially], operational improvements and focus on working capital management provides us with more than sufficient liquidity." (PR)