Yellow Roadway Corporation Reconfirms 2005 Guidance
OVERLAND PARK, Kan., Dec 05, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Yellow Roadway Corporation (Nasdaq: YELL) today announced that it expects full year 2005 earnings per share to be in the range of $5.18 to $5.23 and fourth quarter 2005 earnings to be $1.30 to $1.35 per share, consistent with previously issued guidance.
"We continue to see a good economy across the board," stated Bill Zollars, Chairman, President and CEO of Yellow Roadway. "Our absolute business volumes are healthy and remain consistent with our earlier expectations."
Yellow Roadway will release 2005 financial results after the market close on January 26, 2006. A conference call to discuss 2005 results will be held at 9:30 a.m. ET on Friday, January 27, 2006. Conference call details will be provided in early January.
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" and similar expressions are intended to identify forward-looking statements. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including (without limitation), inflation, inclement weather, price and availability of fuel, sudden changes in the cost of fuel or the index upon which the company bases its fuel surcharge, competitor pricing activity, expense volatility, ability to capture cost synergies, the company's ability to improve productivity results at its Roadway Express subsidiary and its resulting effects on efficiencies, service and yield, a downturn in general or regional economic activity, changes in equity and debt markets, effects of a terrorist attack, and labor relations, including (without limitation), the impact of work rules, any obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction.
Yellow Roadway Corporation, a Fortune 500 company, is one of the largest transportation service providers in the world. Through its brands including Yellow Transportation, Roadway Express, Reimer Express, USF, New Penn Motor Express and Meridian IQ, Yellow Roadway provides a wide range of asset and non-asset-based transportation services. 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, Yellow Roadway Corporation employs approximately 70,000 people.
SOURCE: Yellow Roadway Corporation
Investor Contact, Phil Gaines of Yellow Roadway Corporation, +1-913-696-6108,
phil.gaines@yellowroadway.com , or, Media Contact, Suzanne Dawson of Linden Alschuler
& Kaplan, +1-212-329-1420, sdawson@lakpr.com