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  1. #1
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    Default YRC Q1 2011 Earnings Call Transcript

    FYI...

    Call Transcript:

    YRC Worldwide's CEO Discusses Q1 2011 Results - Earnings Call Transcript - Seeking Alpha

    Paul Liljegren
    Good morning. Thanks for joining us for the YRC Worldwide First Quarter 2011 Earnings Call. Bill Zollars, Chairman, President and CEO of YRC Worldwide; and Bill Trubeck, our CFO and Treasurer will provide comments this morning. Bill Zollars, Bill Trubeck and Mike Smid, President of YRC and Chief Operations Officer of YRC Worldwide, will be available for questions following our comments.
    Q&A:

    YRC Worldwide's CEO Discusses Q1 2011 Results - Earnings Call Transcript - Seeking Alpha

    Thomas Wadewitz - JP Morgan Chase & Co
    I wanted to see if you could give some thoughts on, I guess, how you would expect the management team to evolve, if there's any kind of timeframes you have in mind, any comments you can offer on that?

    William Zollars
    Sure, Tom. I think as we've said before, I'm going to be here through the restructuring process. It looks like we're going to be on track to close the deal here in July sometime, and following that, we'll have a new CEO. Bill Trubeck is on about the same time line
    .

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    Default Re: YRC Q1 2011 Earnings Call Transcript

    Zollars: The other comment to make is that in comparing our pricing to other competitors in the marketplace on a year-over-year basis, it is important to remember that some of these customers came from very much lower levels of pricing in 2010. So the percentage increases year-over-year are a little bit different for us just because we did not cut our prices as much in 2010 as others.
    YRC Worldwide (YRCW) posted another operating loss for the first quarter, but said it expects results to improve soon. Shares started the day in the black, but fell about 3.6% in late afternoon trading.

 

 

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