"The Company recently expressed confidence in its growth outlook after pulling off a better performance in April. Last week, CEO Zollars told a group of analysts that YRCW's business has stabilized and is heading towards profitability. As reported by Reuters, CEO Zollars said the Company broke even in April on an adjusted earnings basis and that business so far this month was ahead of expectations.
"'We appreciate the continued confidence our customers have shown by increasing their shipments with us throughout the quarter and into April,' CEO Zollars said in a press release. 'With our current operating momentum, we still believe we will generate positive adjusted EBITDA in the second quarter.'" -------
In play in coming days .. Cramer proclaimed trucking sector is in "new bull market" .. YRCW sitting right at all-time lows, CEO purchased shares @ 50c a few weeks ago