YRC reported consolidated operating revenue for first quarter of $1.215 billion and a consolidated operating loss of $4.3 million, which included a $3.2 million loss on property disposals. By comparison, YRC’s 2017 first quarter included operating revenue of $1.171 billion and $300,000 consolidated operating income, which included a $2.7 million loss on property disposals.
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First quarter revenue was up 18.4% annually to $4.19 billion, and quarterly net income came in at $66.9 million, or $0.50 per share, which was ahead of net income of $19.5 million, or $0.16 per share a year ago and also ahead of Wall Street expectations by 7%.
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Total first quarter intermodal volume movements-at 4,547,247-were up 7.2% annually, which was ahead of the fourth quarter’s 5.8% annual spread and the third quarter’s 6.3% difference.