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Saturday, October 18, 2014 3:45:10 AM
Would make a nice positive Q3 surprise IMO.
Some other thoughts:
In a note to investors, David G. Ross, transport analyst at investment firm Stifel, Nicolaus & Co., said the third-quarter results should be better than he originally expected. Ross said that quarterly volumes should be "decent" and that pricing strength should be maintained as long as the industrial economy continues to grow. Industrial freight is a large component of LTL traffic. Ross added that YRC was able to shed more of the higher costs associated with coping with a second-quarter surge in traffic than he thought. Volumes for many transportation carriers sprung back in the second quarter after bad weather in the first quarter paralyzed portions of the nation's shipping network.
Thomas S. Albrecht, transport analyst at investment firm BB&T Capital Markets, said the third-quarter numbers show improvement. Albrecht said that YRC Freight must improve its on-time delivery performance to 96 or 97 percent from 90 percent. He added that YRC Freight and YRC Regional need to get "far more aggressive" on pricing, calling on both units to hike rates by 5 to 10 percent across their broad account bases and not just on individual lanes. He also said the two units need to shed accounts that are marginally profitable or unprofitable.
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