Yellow Roadway profits up 44%
Aug 1, 2005 11:15 AM
Yellow Roadway has announced its earnings in the second quarter jumped 44% to $76.1 million, compared to $46.9 million reported for the same period last year.
"We had a strong second quarter with earnings per share growth over 40% and a 130 basis point improvement in our consolidated operating ratio," said Bill Zollars, chairman, president & CEO of Yellow Roadway. "These results are even more impressive when considering the significant transformation we undertook during the quarter by adding the USF companies to our portfolio.
"The sustained performance and operational execution of each of our brands was complemented by a good economy, firm pricing environment, and synergies," Zollars added.
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