Businessweek

YRC Worldwide Inc. (NasdaqGS:YRCW) is exploring an acquisition of ABF Freight System, Inc. from Arkansas Best Corporation (NasdaqGS:ABFS). YRC Worldwide also attempted to acquire ABF Freight System Inc. earlier in year 2013. In March 2013, YRC approached Arkansas Best expressing an interest in exploring an acquisition of ABF Freight. Also, Arkansas Best decided that a transaction with YRC was not appropriate at the time. Both companies have not met to discuss the issue further.

YRC Worldwide Inc. reported unaudited consolidated earnings results for the year ended March 31, 2013. For the period, the company reported operating revenue of $1,162.5 million against $1,194.3 million a year ago. Operating income was $9.9 million against operating loss of $48.8 million a year ago. Loss before income taxes was $29.0 million against $84.8 million a year ago. Net loss attributable to company was $24.5 million or $2.93 per basic and diluted share against $85.5 million or $12.40 per basic and diluted share a year ago. Net cash used in operating activities was $13.9 million against $17.1 million a year ago. Acquisition of property and equipment was $17.2 million against $15.1 million a year ago. Adjusted EBITDA was $60.7 million against $15.3 million a year ago.

YRC Worldwide Inc., Q1 2013 Earnings Call, May 03, 2013

YRC Worldwide announced that it has reached a tentative agreement with the leadership of the International Association of Machinists (IAM) on a new contract. The agreement will now go to the IAM-represented employees for a ratification vote. During the ratification process, IAM-represented employees will continue to report to work under provisions of the current agreement. The previous contract with IAM employees expired on March 31, 2013. Negotiations continued with IAM leadership during a mutually agreed-upon extension of the contract. While the agreement will affect less than 1% of the company's 32,000 employees, it offers important shared-sacrifice provisions that will bring IAM members in alignment with their fellow YRC Worldwide employees. The tentative agreement is an essential action to ensure that all employees participate in the recovery of the company on an equal basis.

YRC Worldwide Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 03, 2013