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10990 Roe Avenue
Overland Park, KS 66211
Phone 913 696 6100 Fax 913 696 6116
News Release


                                            July 26, 2007

                     YRC Worldwide Announces 2nd Quarter Earnings
                  Reported Earnings Per Share of $0.95
                  Consolidated Second Quarter Revenue of $2.5 Billion
                  National Transportation Strong Performance with Reported
                  Operating Ratio of 94.6

OVERLAND PARK, KAN. --- YRC Worldwide Inc. (NASDAQ: YRCW) today announced reported
diluted earnings per share (“EPS”) for the second quarter 2007 of $0.95 compared to $1.58 in the
second quarter last year. Adjusted diluted EPS was $0.91, compared to $1.62 for the second quarter
2006. Second quarter 2007 reported EPS includes a $0.07 benefit from a reduction in the effective
tax rate. Adjusted EPS excludes a net gain of $0.04 from the following: property disposals,
reorganization charges related to YRC Logistics and settlement of certain pre-acquisition USF
obligations. The company does not consider these gains and charges part of core operations and
excludes them when evaluating ongoing performance.

“Our results continue to be impacted by a weak domestic shipping market resulting in a difficult
operating environment,” stated Bill Zollars, Chairman, President and CEO of YRC Worldwide.
“National Transportation results compare favorably to overall industry performance even as we
continue to face an economic headwind.”

YRC Worldwide reported the following consolidated results for the second quarter 2007:
▪ Quarterly operating revenue of $2.5 billion compared to second quarter last year of $2.6 billion.
▪ Adjusted operating income of $105 million compared to second quarter 2006 adjusted operating
  income of $177 million. Adjustments in the second quarter 2007 exclude a net gain from the
  following: property disposals, reorganization charges related to YRC Logistics and settlement of
  certain pre-acquisition USF obligations. Reported operating income was $108 million compared to
  reported operating income of $172 million in 2006.
▪ The tax rate declined from 39.0% in the first quarter of 2007 to 34.6% in the second quarter
  primarily due to the newly available propane gas tax credit.
▪ National Transportation adjusted operating ratio was 94.9%.

Statistical information is available on the company’s website at yrcw.com under Investors, Earnings
Releases & Operating Statistics.

Outlook
“The transportation industry continues to experience soft volumes year over year,” Zollars stated, “and
most economists have pushed out economic strengthening until late in the year. The slower
economic conditions will continue to impact the company as we move through 2007.”

The unpredictability of the economy directly impacts the company’s ability to provide an accurate
2007 forecast. Therefore, for the balance of this year the company will not provide annual EPS
guidance.
However, we do have the following expectations for the full year 2007:
▪ Interest expense of approximately $90 million.
▪ Consolidated income tax rate of 36.9% for the second half of 2007.
▪ Diluted average shares of approximately 58 million assuming an average year-to-date, through
  June 30, 2007, stock price of $41.15 per share.
▪ 2007 gross capital expenditures in the range of $375 to $400 million and disposals of approxi-
  mately $50 million.
▪ Free cash flow in excess of $200 million before funding of our single employer pension deficit and
  settlement of certain pre-acquisition USF multi-employer pension withdrawal obligations.

Review of Financial Results
YRC Worldwide Inc. (NASDAQ: YRCW) will host a conference call for shareholders and the
investment community on Friday, July 27, 2007, beginning at 9:30am ET, 8:30am CT.

Investors and analysts should dial 1.888.609.3912 at least 10 minutes prior to the start of the call.
The Conference ID Number is 5729780. The conference call will be open to listeners through a live
webcast via StreetEvents at streetevents.com and via the YRC Worldwide Internet site yrcw.com. An
audio playback will be available after the call via StreetEvents and the YRC Worldwide web sites.


                                               *    *    *    *    *

The preceding disclosures contain references to “reported” and “adjusted” operating income and earnings per
share. Reported numbers include property gains and losses, reorganization charges related to YRC Logistics
and net gains on settlement of certain outstanding liabilities while adjusted numbers exclude these items.
Management adjusts for these items when evaluating operating performance to more accurately compare the
results among periods.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words
“expect,” “believe,” “expectations,” and similar expressions are intended to identify forward-looking statements.

The company’s expectations regarding its interest expense are only its expectations regarding this expense.
Actual interest expense could differ based on a number of factors including (among others) the company’s
revenue and profitability results and the factors that affect revenue and results described above, the amount,
character and interest rate on the company’s outstanding debt and any financings the company may enter into
in the future.

The company’s expectations regarding its effective tax rate are only its expectations regarding this rate. The
actual rate could differ based on (among others) the following factors: variances in pre-tax earnings on both a
consolidated and business units basis, variance in pre-tax earnings by jurisdiction, impacts on our business from
the factors described above, variances in estimates on non-deductible expenses, tax authority audit
adjustments, change in tax rates and availability of tax credits.

The company’s expectations for the amount of its diluted average shares are only its expectations regarding this
amount. Actual diluted average shares could differ based on a number of factors including (among others) the
number of employee and director stock option exercises, actual amounts of stock awarded to employees and
directors during the year, the dilutive impact of the contingent convertible notes based on the company’s
average stock price, and any unanticipated issuance of stock for currently unplanned financings or acquisitions.

The company’s expectations regarding its gross capital expenditures, property disposals and free cash flow are
only its expectations regarding these items. Actual expenditures and free cash flow could differ based on
(among others) the following factors: impacts on our business from inflation, inclement weather, competitor
pricing, fuel costs, expense volatility, economic activity, changes in debt or equity markets, effects of a terrorist
attack, effects of labor relations, the accuracy of our estimates of our spending requirements, the occurrence of
any unanticipated acquisition opportunities, changes in our strategic direction, the need to spend additional
capital on cost reduction opportunities, and the need to replace any unanticipated losses in capital assets.
YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the
world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway,
Reimer Express, YRC Logistics, New Penn, USF Holland, USF Reddaway, and USF Glen Moore. The
enterprise provides global transportation services, transportation management solutions and logistics
management. The portfolio of brands represents a comprehensive array of services for the shipment of
industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park,
Kansas, YRC Worldwide employs approximately 66,000 people.


Investor Contact:   Todd M. Hacker                      Media Contact:    Suzanne Dawson
                    YRC Worldwide Inc.                                    Linden Alschuler & Kaplan
                    913.696.6108                                          212.329.1420
                    todd.hacker@yrcw.com                                  sdawson@lakpr.com
STATEMENTS OF CONSOLIDATED OPERATIONS
                                             YRC Worldwide Inc. and Subsidiaries
                                         For the Three and Six Months Ended June 30
                                         (Amounts in thousands except per share data)
                                                         (Unaudited)

                                                              Three Months                        Six Months
                                                              2007             2006             2007               2006

OPERATING REVENUE                                     $   2,486,505    $   2,565,779    $   4,814,847    $     4,939,940

OPERATING EXPENSES:
   Salaries, wages and employees' benefits                1,464,840        1,459,881        2,886,365          2,861,813
   Operating expenses and supplies                          469,644          468,422          911,572            918,349
   Purchased transportation                                 273,184          280,618          524,952            533,904
   Depreciation and amortization                             60,345           74,722          119,336            148,162
   Other operating expenses                                 113,464          105,600          229,788            212,466
   (Gains) losses on property disposals, net                 (2,788)          (3,226)             161             (2,344)
   Reorganization and settlements                              (606)           7,481           13,851              7,481

        Total operating expenses                          2,378,083        2,393,498        4,686,025          4,679,831

OPERATING INCOME                                            108,422          172,281         128,822            260,109

NONOPERATING (INCOME) EXPENSES:
   Interest expense                                          21,766           23,111          41,804             43,659
   Other                                                      2,012             (563)            278             (1,359)

        Nonoperating expenses, net                           23,778           22,548          42,082             42,300

INCOME BEFORE INCOME TAXES                                   84,644          149,733          86,740            217,809
INCOME TAX PROVISION                                         29,277           57,481          30,094             83,421

NET INCOME                                            $      55,367    $      92,252    $     56,646     $      134,388


AVERAGE SHARES OUTSTANDING-BASIC                             57,514           57,464          57,426             57,419
AVERAGE SHARES OUTSTANDING-DILUTED                           58,511           58,422          58,546             58,801

BASIC EARNINGS PER SHARE                              $        0.96    $        1.61    $        0.99    $          2.34

DILUTED EARNINGS PER SHARE                            $        0.95    $        1.58    $        0.97    $          2.29
SUPPLEMENTAL FINANCIAL INFORMATION
                                 YRC Worldwide Inc. and Subsidiaries
                                 For the Three Months Ended June 30
                              (Amounts in thousands except per share data)
                                              (Unaudited)



                                                                         Three Months
                                                                  2007                  2006            %

Operating revenue:
                                                                                                 a
  YRC National Transportation                        $       1,703,455       $   1,760,547            (3.2)
                                                                                                 a
  YRC Regional Transportation                                  628,520             654,066            (3.9)
  YRC Logistics                                                158,203             153,601             3.0
                                                                                                 a
  Eliminations                                                  (3,673)             (2,435)
Consolidated                                                 2,486,505           2,565,779            (3.1)

Reported operating income (loss):
                                                                                                 a
  YRC National Transportation                                   92,750            124,188            (25.3)
                                                                                                 a
  YRC Regional Transportation                                   14,787             53,587            (72.4)
  YRC Logistics                                                  1,537              2,737            (43.8)
                                                                                                 a
  Corporate and other                                             (652)            (8,231)
Consolidated                                                   108,422            172,281            (37.1)
                                  b
Adjustments to operating income       :
                                                                                                 a
   YRC National Transportation                                  (5,091)              1,666
                                                                                                 a
   YRC Regional Transportation                                   1,775                (275)
   YRC Logistics                                                 2,594               1,525
                                                                                                 a
   Corporate and other                                          (2,672)              1,339
Consolidated                                                    (3,394)              4,255
                                  b
Adjusted operating income (loss) :
                                                                                                 a
   YRC National Transportation                                  87,659            125,854            (30.3)
                                                                                                 a
   YRC Regional Transportation                                  16,562             53,312            (68.9)
   YRC Logistics                                                 4,131              4,262             (3.1)
                                                                                                 a
   Corporate and other                                          (3,324)            (6,892)
Consolidated                                         $         105,028       $    176,536            (40.5)

Reported operating ratio:
  YRC National Transportation                                    94.6%               92.9%
  YRC Regional Transportation                                    97.6%               91.8%
   YRC Logistics                                                 99.0%               98.2%
   Consolidated                                                  95.6%               93.3%

Adjusted operating ratio:
   YRC National Transportation                                   94.9%               92.9%
   YRC Regional Transportation                                   97.4%               91.8%
   YRC Logistics                                                 97.4%               97.2%
   Consolidated                                                  95.8%               93.1%

Reconciliation of reported diluted earnings per
   share (EPS) to adjusted diluted EPS:
Reported diluted EPS                                  $           0.95       $           1.58
Gains on property disposals                                      (0.03)                 (0.04)
Reorganization charges                                            0.03                   0.08
Almex settlement                                                  0.01                    -
Gains on settlement of MEPPA funds                               (0.05)                   -
Adjusted diluted EPS                                  $           0.91       $           1.62
SUPPLEMENTAL FINANCIAL INFORMATION
                                 YRC Worldwide Inc. and Subsidiaries
                                  For the Six Months Ended June 30
                              (Amounts in thousands except per share data)
                                              (Unaudited)

                                                                          Six Months
                                                                  2007                  2006           %

Operating revenue:
                                                                                                a
  YRC National Transportation                        $       3,311,899       $   3,404,376           (2.7)
                                                                                                a
  YRC Regional Transportation                                1,204,455           1,246,111           (3.3)
  YRC Logistics                                                307,940             293,447            4.9
                                                                                                a
  Eliminations                                                  (9,447)             (3,994)
Consolidated                                                 4,814,847           4,939,940           (2.5)

Reported operating income (loss):
                                                                                                a
  YRC National Transportation                                  125,876            193,405           (34.9)
                                                                                                a
  YRC Regional Transportation                                    9,778             75,010           (87.0)
  YRC Logistics                                                    467              5,214           (91.0)
                                                                                                a
  Corporate and other                                           (7,299)           (13,520)
Consolidated                                                   128,822            260,109           (50.5)
                                  b
Adjustments to operating income       :
                                                                                                a
   YRC National Transportation                                   1,711                 1,643
                                                                                                a
   YRC Regional Transportation                                   8,309                  (265)
   YRC Logistics                                                 2,672                 1,513
                                                                                                a
   Corporate and other                                           1,320                 2,246
Consolidated                                                    14,012                 5,137
                                  b
Adjusted operating income (loss) :
                                                                                                a
   YRC National Transportation                                 127,587            195,048           (34.6)
                                                                                                a
   YRC Regional Transportation                                  18,087             74,745           (75.8)
   YRC Logistics                                                 3,139              6,727           (53.3)
                                                                                                a
   Corporate and other                                          (5,979)           (11,274)
Consolidated                                         $         142,834       $    265,246           (46.2)

Reported operating ratio:
  YRC National Transportation                                    96.2%                 94.3%
  YRC Regional Transportation                                    99.2%                 94.0%
   YRC Logistics                                                 99.8%                 98.2%
   Consolidated                                                  97.3%                 94.7%

Adjusted operating ratio:
   YRC National Transportation                                   96.1%                 94.3%
   YRC Regional Transportation                                   98.5%                 94.0%
   YRC Logistics                                                 99.0%                 97.7%
   Consolidated                                                  97.0%                 94.6%

Reconciliation of reported diluted EPS to adjusted
   diluted EPS:
Reported diluted EPS                                  $           0.97       $          2.29
(Gains) losses on property disposals                              0.01                 (0.03)
Reorganization charges                                            0.19                  0.08
Almex settlement                                                  0.01                   -
Gains on settlement of MEPPA funds                               (0.05)                  -
Adjusted diluted EPS                                  $           1.13       $          2.34
a   The 2006 amounts for YRC National Transportation, YRC Regional Transportation and Corporate and other have been
    adjusted to conform with the current year presentations, such that YRC National Transportation includes the results of
    Yellow Transportation and Roadway, including eliminations; YRC Regional Transportation excludes USF Red Star and USF
    Dugan as those business units were reallocated to the Corporate and other segment in the second quarter of 2006 and
    Corporate and other includes USF Red Star and USF Dugan and excludes any eliminations related to YRC National
    Transportation.

b   Management excludes these items when evaluating operating income and segment performance to more accurately
    compare the results of our core operations among periods. Adjustments presented in the 2007 period herein consist of
    property gains and losses, reorganization charges and settlements. Adjustments presented in the 2006 period herein
    consist of property gains and losses and reorganization expenses.
Selected Financial Data
                                                    YRC Worldwide Inc. and Subsidiaries
                                                (Amounts in thousands unless otherwise noted)
                                                                 (Unaudited)

                                                                                                       For the Six Months Ended June 30,
                                                                                                                2007                  2006
Net cash from operating activities                                                                   $       162,903       $       157,923
Net cash used in investing activities                                                                       (214,024)             (243,507)
Net cash provided by financing activities                                                                     31,405                86,826
Gross capital expenditures                                                                                  (241,860)             (250,162)
Net capital expenditures                                                                                    (213,921)             (226,117)
Proceeds from exercise of stock options                                                                        6,405                 2,296
Free cash flow a                                                                                             (44,613)              (65,898)


                                                                                                                June 30,             December 31,
                                                                                                                    2007                     2006
Cash and cash equivalents                                                                            $            56,675           $       76,391
Accounts receivable, net                                                                                       1,214,541                1,190,818
Net property and equipment                                                                                     2,374,386                2,269,846
Total assets                                                                                                   6,017,365                5,952,237
Asset backed securitization borrowings                                                                           250,000                  225,000
Current maturities of long-term debt                                                                             150,000                      -
Long-term debt, less current portion                                                                             903,702                1,058,496
Total debt                                                                                                     1,303,702                1,283,496
Total shareholders' equity                                                                                     2,276,878                2,192,549
Debt to capitalization b                                                                                           36.4%                    36.9%
Debt to capitalization, less cash                                                                                  35.4%                    35.5%




a   Management uses free cash flow as an indication of the cash available to fund additional capital expenditures, to reduce outstanding debt
    (including current maturities), or to invest in our growth strategies. Free cash flow is calculated as net cash from operating activities plus stock
    option proceeds less net capital expenditures. This measurement is used for internal management purposes and should not be construed as a
    better measurement than net cash from operating activities as defined by generally accepted accounting principles.



b
    We calculate debt to capitalization as total debt divided by total debt plus total shareholders' equity.

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yrc worldwide2Q07_Release

  • 1. 10990 Roe Avenue Overland Park, KS 66211 Phone 913 696 6100 Fax 913 696 6116 News Release July 26, 2007 YRC Worldwide Announces 2nd Quarter Earnings Reported Earnings Per Share of $0.95 Consolidated Second Quarter Revenue of $2.5 Billion National Transportation Strong Performance with Reported Operating Ratio of 94.6 OVERLAND PARK, KAN. --- YRC Worldwide Inc. (NASDAQ: YRCW) today announced reported diluted earnings per share (“EPS”) for the second quarter 2007 of $0.95 compared to $1.58 in the second quarter last year. Adjusted diluted EPS was $0.91, compared to $1.62 for the second quarter 2006. Second quarter 2007 reported EPS includes a $0.07 benefit from a reduction in the effective tax rate. Adjusted EPS excludes a net gain of $0.04 from the following: property disposals, reorganization charges related to YRC Logistics and settlement of certain pre-acquisition USF obligations. The company does not consider these gains and charges part of core operations and excludes them when evaluating ongoing performance. “Our results continue to be impacted by a weak domestic shipping market resulting in a difficult operating environment,” stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. “National Transportation results compare favorably to overall industry performance even as we continue to face an economic headwind.” YRC Worldwide reported the following consolidated results for the second quarter 2007: ▪ Quarterly operating revenue of $2.5 billion compared to second quarter last year of $2.6 billion. ▪ Adjusted operating income of $105 million compared to second quarter 2006 adjusted operating income of $177 million. Adjustments in the second quarter 2007 exclude a net gain from the following: property disposals, reorganization charges related to YRC Logistics and settlement of certain pre-acquisition USF obligations. Reported operating income was $108 million compared to reported operating income of $172 million in 2006. ▪ The tax rate declined from 39.0% in the first quarter of 2007 to 34.6% in the second quarter primarily due to the newly available propane gas tax credit. ▪ National Transportation adjusted operating ratio was 94.9%. Statistical information is available on the company’s website at yrcw.com under Investors, Earnings Releases & Operating Statistics. Outlook “The transportation industry continues to experience soft volumes year over year,” Zollars stated, “and most economists have pushed out economic strengthening until late in the year. The slower economic conditions will continue to impact the company as we move through 2007.” The unpredictability of the economy directly impacts the company’s ability to provide an accurate 2007 forecast. Therefore, for the balance of this year the company will not provide annual EPS guidance.
  • 2. However, we do have the following expectations for the full year 2007: ▪ Interest expense of approximately $90 million. ▪ Consolidated income tax rate of 36.9% for the second half of 2007. ▪ Diluted average shares of approximately 58 million assuming an average year-to-date, through June 30, 2007, stock price of $41.15 per share. ▪ 2007 gross capital expenditures in the range of $375 to $400 million and disposals of approxi- mately $50 million. ▪ Free cash flow in excess of $200 million before funding of our single employer pension deficit and settlement of certain pre-acquisition USF multi-employer pension withdrawal obligations. Review of Financial Results YRC Worldwide Inc. (NASDAQ: YRCW) will host a conference call for shareholders and the investment community on Friday, July 27, 2007, beginning at 9:30am ET, 8:30am CT. Investors and analysts should dial 1.888.609.3912 at least 10 minutes prior to the start of the call. The Conference ID Number is 5729780. The conference call will be open to listeners through a live webcast via StreetEvents at streetevents.com and via the YRC Worldwide Internet site yrcw.com. An audio playback will be available after the call via StreetEvents and the YRC Worldwide web sites. * * * * * The preceding disclosures contain references to “reported” and “adjusted” operating income and earnings per share. Reported numbers include property gains and losses, reorganization charges related to YRC Logistics and net gains on settlement of certain outstanding liabilities while adjusted numbers exclude these items. Management adjusts for these items when evaluating operating performance to more accurately compare the results among periods. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “expect,” “believe,” “expectations,” and similar expressions are intended to identify forward-looking statements. The company’s expectations regarding its interest expense are only its expectations regarding this expense. Actual interest expense could differ based on a number of factors including (among others) the company’s revenue and profitability results and the factors that affect revenue and results described above, the amount, character and interest rate on the company’s outstanding debt and any financings the company may enter into in the future. The company’s expectations regarding its effective tax rate are only its expectations regarding this rate. The actual rate could differ based on (among others) the following factors: variances in pre-tax earnings on both a consolidated and business units basis, variance in pre-tax earnings by jurisdiction, impacts on our business from the factors described above, variances in estimates on non-deductible expenses, tax authority audit adjustments, change in tax rates and availability of tax credits. The company’s expectations for the amount of its diluted average shares are only its expectations regarding this amount. Actual diluted average shares could differ based on a number of factors including (among others) the number of employee and director stock option exercises, actual amounts of stock awarded to employees and directors during the year, the dilutive impact of the contingent convertible notes based on the company’s average stock price, and any unanticipated issuance of stock for currently unplanned financings or acquisitions. The company’s expectations regarding its gross capital expenditures, property disposals and free cash flow are only its expectations regarding these items. Actual expenditures and free cash flow could differ based on (among others) the following factors: impacts on our business from inflation, inclement weather, competitor pricing, fuel costs, expense volatility, economic activity, changes in debt or equity markets, effects of a terrorist attack, effects of labor relations, the accuracy of our estimates of our spending requirements, the occurrence of any unanticipated acquisition opportunities, changes in our strategic direction, the need to spend additional capital on cost reduction opportunities, and the need to replace any unanticipated losses in capital assets.
  • 3. YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, USF Holland, USF Reddaway, and USF Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 66,000 people. Investor Contact: Todd M. Hacker Media Contact: Suzanne Dawson YRC Worldwide Inc. Linden Alschuler & Kaplan 913.696.6108 212.329.1420 todd.hacker@yrcw.com sdawson@lakpr.com
  • 4. STATEMENTS OF CONSOLIDATED OPERATIONS YRC Worldwide Inc. and Subsidiaries For the Three and Six Months Ended June 30 (Amounts in thousands except per share data) (Unaudited) Three Months Six Months 2007 2006 2007 2006 OPERATING REVENUE $ 2,486,505 $ 2,565,779 $ 4,814,847 $ 4,939,940 OPERATING EXPENSES: Salaries, wages and employees' benefits 1,464,840 1,459,881 2,886,365 2,861,813 Operating expenses and supplies 469,644 468,422 911,572 918,349 Purchased transportation 273,184 280,618 524,952 533,904 Depreciation and amortization 60,345 74,722 119,336 148,162 Other operating expenses 113,464 105,600 229,788 212,466 (Gains) losses on property disposals, net (2,788) (3,226) 161 (2,344) Reorganization and settlements (606) 7,481 13,851 7,481 Total operating expenses 2,378,083 2,393,498 4,686,025 4,679,831 OPERATING INCOME 108,422 172,281 128,822 260,109 NONOPERATING (INCOME) EXPENSES: Interest expense 21,766 23,111 41,804 43,659 Other 2,012 (563) 278 (1,359) Nonoperating expenses, net 23,778 22,548 42,082 42,300 INCOME BEFORE INCOME TAXES 84,644 149,733 86,740 217,809 INCOME TAX PROVISION 29,277 57,481 30,094 83,421 NET INCOME $ 55,367 $ 92,252 $ 56,646 $ 134,388 AVERAGE SHARES OUTSTANDING-BASIC 57,514 57,464 57,426 57,419 AVERAGE SHARES OUTSTANDING-DILUTED 58,511 58,422 58,546 58,801 BASIC EARNINGS PER SHARE $ 0.96 $ 1.61 $ 0.99 $ 2.34 DILUTED EARNINGS PER SHARE $ 0.95 $ 1.58 $ 0.97 $ 2.29
  • 5. SUPPLEMENTAL FINANCIAL INFORMATION YRC Worldwide Inc. and Subsidiaries For the Three Months Ended June 30 (Amounts in thousands except per share data) (Unaudited) Three Months 2007 2006 % Operating revenue: a YRC National Transportation $ 1,703,455 $ 1,760,547 (3.2) a YRC Regional Transportation 628,520 654,066 (3.9) YRC Logistics 158,203 153,601 3.0 a Eliminations (3,673) (2,435) Consolidated 2,486,505 2,565,779 (3.1) Reported operating income (loss): a YRC National Transportation 92,750 124,188 (25.3) a YRC Regional Transportation 14,787 53,587 (72.4) YRC Logistics 1,537 2,737 (43.8) a Corporate and other (652) (8,231) Consolidated 108,422 172,281 (37.1) b Adjustments to operating income : a YRC National Transportation (5,091) 1,666 a YRC Regional Transportation 1,775 (275) YRC Logistics 2,594 1,525 a Corporate and other (2,672) 1,339 Consolidated (3,394) 4,255 b Adjusted operating income (loss) : a YRC National Transportation 87,659 125,854 (30.3) a YRC Regional Transportation 16,562 53,312 (68.9) YRC Logistics 4,131 4,262 (3.1) a Corporate and other (3,324) (6,892) Consolidated $ 105,028 $ 176,536 (40.5) Reported operating ratio: YRC National Transportation 94.6% 92.9% YRC Regional Transportation 97.6% 91.8% YRC Logistics 99.0% 98.2% Consolidated 95.6% 93.3% Adjusted operating ratio: YRC National Transportation 94.9% 92.9% YRC Regional Transportation 97.4% 91.8% YRC Logistics 97.4% 97.2% Consolidated 95.8% 93.1% Reconciliation of reported diluted earnings per share (EPS) to adjusted diluted EPS: Reported diluted EPS $ 0.95 $ 1.58 Gains on property disposals (0.03) (0.04) Reorganization charges 0.03 0.08 Almex settlement 0.01 - Gains on settlement of MEPPA funds (0.05) - Adjusted diluted EPS $ 0.91 $ 1.62
  • 6. SUPPLEMENTAL FINANCIAL INFORMATION YRC Worldwide Inc. and Subsidiaries For the Six Months Ended June 30 (Amounts in thousands except per share data) (Unaudited) Six Months 2007 2006 % Operating revenue: a YRC National Transportation $ 3,311,899 $ 3,404,376 (2.7) a YRC Regional Transportation 1,204,455 1,246,111 (3.3) YRC Logistics 307,940 293,447 4.9 a Eliminations (9,447) (3,994) Consolidated 4,814,847 4,939,940 (2.5) Reported operating income (loss): a YRC National Transportation 125,876 193,405 (34.9) a YRC Regional Transportation 9,778 75,010 (87.0) YRC Logistics 467 5,214 (91.0) a Corporate and other (7,299) (13,520) Consolidated 128,822 260,109 (50.5) b Adjustments to operating income : a YRC National Transportation 1,711 1,643 a YRC Regional Transportation 8,309 (265) YRC Logistics 2,672 1,513 a Corporate and other 1,320 2,246 Consolidated 14,012 5,137 b Adjusted operating income (loss) : a YRC National Transportation 127,587 195,048 (34.6) a YRC Regional Transportation 18,087 74,745 (75.8) YRC Logistics 3,139 6,727 (53.3) a Corporate and other (5,979) (11,274) Consolidated $ 142,834 $ 265,246 (46.2) Reported operating ratio: YRC National Transportation 96.2% 94.3% YRC Regional Transportation 99.2% 94.0% YRC Logistics 99.8% 98.2% Consolidated 97.3% 94.7% Adjusted operating ratio: YRC National Transportation 96.1% 94.3% YRC Regional Transportation 98.5% 94.0% YRC Logistics 99.0% 97.7% Consolidated 97.0% 94.6% Reconciliation of reported diluted EPS to adjusted diluted EPS: Reported diluted EPS $ 0.97 $ 2.29 (Gains) losses on property disposals 0.01 (0.03) Reorganization charges 0.19 0.08 Almex settlement 0.01 - Gains on settlement of MEPPA funds (0.05) - Adjusted diluted EPS $ 1.13 $ 2.34
  • 7. a The 2006 amounts for YRC National Transportation, YRC Regional Transportation and Corporate and other have been adjusted to conform with the current year presentations, such that YRC National Transportation includes the results of Yellow Transportation and Roadway, including eliminations; YRC Regional Transportation excludes USF Red Star and USF Dugan as those business units were reallocated to the Corporate and other segment in the second quarter of 2006 and Corporate and other includes USF Red Star and USF Dugan and excludes any eliminations related to YRC National Transportation. b Management excludes these items when evaluating operating income and segment performance to more accurately compare the results of our core operations among periods. Adjustments presented in the 2007 period herein consist of property gains and losses, reorganization charges and settlements. Adjustments presented in the 2006 period herein consist of property gains and losses and reorganization expenses.
  • 8. Selected Financial Data YRC Worldwide Inc. and Subsidiaries (Amounts in thousands unless otherwise noted) (Unaudited) For the Six Months Ended June 30, 2007 2006 Net cash from operating activities $ 162,903 $ 157,923 Net cash used in investing activities (214,024) (243,507) Net cash provided by financing activities 31,405 86,826 Gross capital expenditures (241,860) (250,162) Net capital expenditures (213,921) (226,117) Proceeds from exercise of stock options 6,405 2,296 Free cash flow a (44,613) (65,898) June 30, December 31, 2007 2006 Cash and cash equivalents $ 56,675 $ 76,391 Accounts receivable, net 1,214,541 1,190,818 Net property and equipment 2,374,386 2,269,846 Total assets 6,017,365 5,952,237 Asset backed securitization borrowings 250,000 225,000 Current maturities of long-term debt 150,000 - Long-term debt, less current portion 903,702 1,058,496 Total debt 1,303,702 1,283,496 Total shareholders' equity 2,276,878 2,192,549 Debt to capitalization b 36.4% 36.9% Debt to capitalization, less cash 35.4% 35.5% a Management uses free cash flow as an indication of the cash available to fund additional capital expenditures, to reduce outstanding debt (including current maturities), or to invest in our growth strategies. Free cash flow is calculated as net cash from operating activities plus stock option proceeds less net capital expenditures. This measurement is used for internal management purposes and should not be construed as a better measurement than net cash from operating activities as defined by generally accepted accounting principles. b We calculate debt to capitalization as total debt divided by total debt plus total shareholders' equity.