The prospects for YRC Worldwide, the leading US 'less than trailer load' trucking company, seem to be deteriorating as it announced large losses last week.

Revenue for the second quarter fell by 45% compared to the same period in 2008, to $1.33bn. The company lost $309m over the quarter. Tonnage volumes for its national network were down 39.4% whilst its regional networks saw a 26.4% fall.

The company's losses over the period were amplified by a number of large exceptional items and write-offs. These included redundancy payments and the write-down of a $30m investment in a Chinese trucking company.
Troubles in US LTL market as YRC continues to suffer - Transport Intelligence - logistics research, analysis, solutions, services, trends, third party logistics.