CEO, Bill Zollars, hasn't seen signs of things improving for the trucking business. He cites weakness in the housing, automotive, and retail sectors as contributing to weak volume among less-than-truckload trucking companies, and does not think the bottom has been reached. Similar comments were made by YRC Worldwide's competitor, Fedex (FDX). Weak volume will likely impact revenue adversely. Zollar did say the West Coast remains okay due to imports from Asia.
YRC Worldwide announced a drop in 3rd quarter earnings compared to the prior year's number. Company cites a weak domestic shipping market.
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