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YRC Worldwide (NASDAQ: YRCW) announced that 11 female leaders within the company have been named to the Women in Trucking Association's 2020 list of 'Top Women to Watch in Transportation.' This recognition highlights their significant contributions to the industry and efforts to promote gender diversity. The CEO, Darren Hawkins, praised the nominees for their value and leadership. YRCW is committed to fostering women's development in transportation through initiatives like a women's leadership program launched in 2018.
YRC Worldwide reported Q1 2020 results with operating revenue of $1.150 billion and net income of $4.3 million, a significant improvement from a $49.1 million loss in Q1 2019. The company achieved an operating income of $28 million, aided by a $39.3 million gain from property sales. Despite a 3% decrease in LTL tonnage, operational adjustments contributed to a better operating ratio of 97.6 compared to 102.7 in the previous year. The firm has also taken measures to preserve liquidity amid the COVID-19 pandemic, including amending loan covenants.
YRC Worldwide has rescheduled its conference call to discuss Q1 2020 results for May 11, 2020, at 5:00 p.m. ET, coinciding with the release of its Form 10-Q on the same day after market close. The financial results will provide insights into earnings and performance metrics for the quarter. Investors can access the live webcast and replay on the YRC Worldwide website.
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