DALLAS, March 1, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring YRC Worldwide Inc. (Nasdaq:YRCW). The report includes financial, comparative and investment analysis, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/YRCW
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YRC Worldwide Inc. (YRCW) is a holding company that, through its wholly owned operating subsidiaries, offers the customers a range of transportation services. The Company's operating subsidiaries includes YRC National Transportation (National Transportation), YRC Regional Transportation (Regional Transportation), YRC Logistics, and YRC Truckload (Truckload). National Transportation is the reporting unit for the transportation service providers focused on business opportunities in regional, national and international services. Regional Transportation is the reporting unit for the transportation service providers focused on business opportunities in the regional and next-day delivery markets. YRC Logistics plans and coordinates the movement of goods worldwide to provide customers a single source for logistics management solutions.
In the report, the analyst notes:
"YRCW reported year-over-year and continued sequential improvement in its fourth-quarter 2009 results. For the quarter ending December 31, 2009, the Company announced pre-tax income of $50 million that included a net gain on note exchanges of $194 million, lease termination charges of $8 million related to further optimization of the YRC network, and severance charges of $3 million due to further headcount reductions.
"YRCW last week reported it closed on the first tranche of the previously announced transaction for a private placement of $70 million in principal amount of unsecured 6% Senior Notes due 2014. The Company will use the net proceeds from both tranches of the private placement to satisfy its remaining 2010 note obligations, with any excess proceeds available to be used for general corporate purposes. At the note holders' option, the notes are convertible into shares of the Company's common stock at an initial conversion price of 43 cents per share, subject to adjustment."
To read the entire report visit: http://www.stockpreacher.com/n/YRCW
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