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Yellow Roadway Exceeds 1Q Projections

Published Friday, April 23, 2004

Yellow Roadway Corp. posted 1Q earnings of $18.2 million, trumping Yellow’s 1Q 2003 earnings of $5.6 million three-fold before it merged with Roadway Express. The company cites across-the-board strong performance and an improving economy. Operating income for the quarter is up 20.3% to $41.3 million, from pro forma operating income— which calculates what the combined Yellow and Roadway companies would have earned 1Q 2003. Operating revenue increased 7.7% to $1.55 billion over pro forma 1Q 2003. Overall, LTL tonnage per day increased 2.2%. LTL tonnage per day for Yellow Transportation increased 6.6%, while Roadway Express’s declined 3.0%. “In ...

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