Friday, February 4, 2011

YRCW reports better 4th quarter

This matters to us because YRC Worldwide employs tens of thousands of Teamsters.

According to Reuters, the company's operating loss narrowed to $27 million while revenues were $1.09 billion. That beat analysts expectations ("beating analysts expectatons" is a game they play on Wall Street). Company Chairman Bill Zollars said he's "encouraged."

Read the financial stories here, here and here.