OVERLAND PARK, Kan., Jan. 29 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today confirmed progress in its efforts to bolster customer confidence following the success of its debt-for-equity exchange announced Dec. 31, 2009 and its positive effect on the company's financial future.
"As more and more customers become aware of our restored financial strength, they are showing their confidence in us with their business," said Bill Zollars, chairman and CEO. "Each day we see more volume returning to our network and we fully expect more customers to return and increase their business with us as the seasonal uptick in shipping occurs later in the quarter."
In January, YRC Worldwide in conjunction with an independent research firm surveyed key transportation decision makers and influencers across its entire customer base to better understand their anticipated business volumes in 2010 and their intent to use YRCW. The survey included representative samples across the spectrum of customers from small to large shippers.
Of the more than 5,700 respondents, a majority (62 percent) are optimistic that their business levels will increase in 2010. Among regular shippers, 85 percent intend to increase or maintain their business levels with YRC Worldwide companies.
"It's gratifying to receive such positive feedback from our customers, showing their support for the return of a healthy YRC Worldwide," said Zollars. "This confirms the anecdotal feedback we're receiving in notes and letters from our customers, that they appreciate the value our comprehensive network and flexible solutions bring to their supply chains."
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit www.yrcw.com for more information.
Linden, Alschuler & Kaplan
Web site: www.yrcw.com
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SOURCE YRC Worldwide Inc.