YRC Worldwide Inc (YRCW)

[yesmistermorningstar]

YRC Worldwide : will pay union profit sharing despite $23.5 million loss in fourth quarter

"We think it's an investment that's going to pay dividends, and we're happy to pay it," chief executive James Welch said during a conference call with analysts.

"In 2015, we successfully executed our strategy of improving price, freight mix and profitability over volume and market share," he said in the announcement. "Despite the challenges of decreasing fuel surcharge revenue and a flattening economy in the second half of the year, our full-year operating income more than doubled prior-year results, even after the impact of a non-cash pension settlement charge."

http://www.4-traders.com/YRC-WORLDWIDE-INC-9562935/news/YRC-Worldwide-will-pay-union-profit-sharing-despite-23-5-million-loss-in-fourth-quarter-21803948/