DALLAS, Aug. 24, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring YRC Worldwide Inc. (Nasdaq:YRCW). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/YRCW
YRC Worldwide Inc. (YRCW) is a holding company that offers customers, through its wholly owned operating subsidiaries, a range of transportation services. The Company's operating subsidiaries includes YRC National Transportation (National Transportation), YRC Regional Transportation (Regional Transportation), YRC Logistics, and YRC Truckload (Truckload). National Transportation is the reporting unit for the transportation service providers focused on business opportunities in regional, national, and international services. Regional Transportation is the reporting unit for the transportation service providers focused on business opportunities in the regional and next-day delivery markets. YRC Logistics plans and coordinates the movement of goods worldwide to provide customers a single source for logistics management solutions. Truckload reflects the results of Glen Moore, a provider of truckload services throughout the United States.
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In the report, the analyst notes:
"YRCW recently reported its second quarter 2010 results. For the second quarter ending June 30, 2010, the Company announced a net loss of $9.5 million and a $.01 loss per share on an average outstanding fully diluted share count of 1.079 billion. As a comparison, the Company reported a net loss of $309 million and a $5.20 loss per share in the second quarter of 2009 with average fully diluted shares outstanding of 59 million.
"YRCW recently announced that it completed the divestment of the majority of YRC Logistics division to the private equity firm Austin Ventures. Gross proceeds from the deal were $38.7 million. Out of this, YRCW received the initial proceeds of $33.6 million in cash. For the rest, $5.1 million of payment, $2.3 million is in escrow to cover the transferring ownership of foreign subsidiaries and $2.8 million is also in escrow for indemnification purposes."
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