YRC Worldwide, Inc. (YRCW) - NASDAQ
  • Sep. 10, 2015, 7:27 PM
    • XPO Logistics' (NYSE:XPO) $3B acquisition of Con-way (NYSE:CNW) sent transportation stocks higher today and generated mostly praise from analysts, with some skepticism of the departure from XPO's asset-light strategy.
    • Oppenheimer's Scott Schneeberger says the deal looks "strategically logical" and further enhances XPO's broad portfolio of logistics services.
    • Credit Suisse's Allison Landry calls the deal a "transformative" expansion of XPO's less-than-truckload shipping capabilities but says the move significantly alters XPO's asset intensity and capex-to-revenue ratio, and adds cyclical risk inherent to LTL shipping as well as questions about who will lead the unit.
    • Stephens' Jack Atkins offers a more bearish view, saying the acquisition is a "major departure" from XPO's previously non-asset or at least asset-light strategy, and increases the company's earnings cyclicality.
    • In today's trade: CNW +33.8%, XPO -11.1%, ODFL +2%, YRCW +7.3%, WERN +1.8%, KNX +1.3%, UACL +2.3% as the Dow Jones Transports rose 0.9%.
    | Sep. 10, 2015, 7:27 PM | 3 Comments
  • Mar. 9, 2012, 12:13 PM

    YRC Worldwide (YRCW +5.1%) is trading higher today, after earlier agreeing to sell its interest in Shanghai Jiayu Logistics to its 35% joint venture partner, as the struggling trucking company continues to sharpen its focus on the North American less-than-truckload business.

    | Mar. 9, 2012, 12:13 PM
Company Description
YRC Worldwide, Inc. is a holding company, which through its subsidiaries, engages in the provision of transportation services. It operates in the YRC Freight and Regional Transportation segments. The YRC Freight segment provides for the movement of industrial, commercial, and retail goods. The... More
Sector: Services
Industry: Trucking
Country: United States