* 4th-qtr profit of $400,000 vs $35.3 mln loss year earlier
* Operating revenue at regional transporters rises 10 pct
* Shares rise 11 pct
Feb 27 Trucking company YRC Worldwide Inc
reported fourth-quarter results that beat Wall Street
estimates as operating revenue in its regional transportation
business rose 10 percent, sending its shares up about 11
The company, which recently restructured its $1.36 billion
debt after reaching a deal with the Teamsters Union to extend a
labor contract until 2019, earned $400,000 in the quarter,
compared with a net loss of $35.3 million a year earlier.
"For the first time in the last five years, we do not have
the overhang of any near-term debt maturities, Chief Executive
James Welch said in a statement on Thursday.
Operating revenue in its regional transportation business
rose to $431.0 million in the quarter from $391.4 million a year
earlier, while operating revenue at its largest subsidiary YRC
Freight fell about 1 percent.
The company said distractions related to the labor contract
and bad weather affected productivity at YRC Freight, while
increasingly hiring third-party carriers to deliver freight.
Overland Park, Kansas-based YRC operates nationally and
internationally through YRC Freight and provides regional
operations through YRC Reimer, New Penn, Holland and Reddaway.
Revenue rose 3 percent to $1.21 billion for the quarter
ended Dec. 31 from a year earlier.
On a per-share basis, net loss narrowed to $1.71 from $4.53
a year earlier.
Analysts on average were expecting a loss of $2.77 per share
on revenue of $1.18 billion, according to Thomson Reuters
YRC's shares rose to $25.76 in morning trading.
They have risen 30 percent up to Wednesday's close since the
Teamsters Union approved the revised contract last month.