Yellow reports 4Q loss due to Roadway purchase

Jan 30, 2004 12:00 PM

Yellow Roadway Corp. on Thursday reported a 4Q loss due to the $966 million it spent to buy Roadway.

Revenue for the fourth quarter of 2003, excluding Roadway’s revenue, since it was acquired, was $762 million, up from $717 million in the same period in 2002. Including revenue from Roadway operations, consolidated revenue for the fourth quarter of 2003 was $903 million.

For the year ended Dec. 31, Yellow Roadway reported revenues of $2.93 billion, excluding Roadway revenue, an 11.6 percent increase over 2002. Consolidated revenues were $3.07 billion.