Exhibit 99.1


10990 Roe Avenue

Overland Park, KS 66211

Phone 913 696 6100 Fax 913 696 6116


News Release


YRC Worldwide Reports Fourth Quarter and Full-Year Results for 2015

Full-year 2015 Adjusted EBITDA increased to $333.3 million, a 36% improvement compared to 2014

Operating Income for Full-Year 2015 more than doubled to $93.0 million, even after a $28.7 million settlement charge

OVERLAND PARK, Kan., February 4, 2016 – YRC Worldwide Inc. (NASDAQ: YRCW) reported consolidated operating revenue for the fourth quarter 2015 of $1.143 billion with a consolidated operating loss of $15.3 million, which included a non-union pension settlement charge of $28.7 million and a $0.4 million loss on property disposals. As a comparison, the company reported consolidated operating revenue of $1.218 billion for the fourth quarter 2014 with consolidated operating income of $31.2 million, which included a $5.8 million gain on property disposals.

Consolidated operating revenue for the year ended December 31, 2015 was $4.832 billion with consolidated operating income of $93.0 million, which included a $1.9 million loss on property disposals and the settlement charge referenced above. This compares to full-year 2014 consolidated operating revenue of $5.069 billion with consolidated operating income of $45.5 million, which included an $11.9 million gain on property disposals.

The fourth quarter 2015 settlement charge was the result of an increase in lump sum benefit payments under YRC Freight’s non-union pension plans. As part of the company’s long-term strategy to continue derisking its balance sheet, YRC Freight amended its domestic pension plans and offered a voluntary lump sum payment option in an effort to reduce its long-term pension obligations and ongoing annual expense. The lump sum benefit payments were funded from existing pension plan assets and thus did not impact the company’s cash balance nor liquidity. The settlement charge is a non-cash expense and is classified in YRC Freight’s salaries, wages and employee benefits in the accompanying statements of consolidated comprehensive income (loss). However, per the terms of the company’s Term Loan Agreement, it is excluded when calculating Adjusted EBITDA.

Financial Highlights


    On a non-GAAP basis, Adjusted EBITDA for full-year 2015 increased to $333.3 million, an improvement of $88.8 million from the $244.5 million reported in 2014 (as detailed in the reconciliation below). Adjusted EBITDA for the fourth quarter 2015 was $66.0 million compared to $77.0 million in 2014.


    Full-year 2015 operating income more than doubled to $93.0 million from $45.5 million in 2014. The company reported a fourth quarter 2015 operating loss of $15.3 million compared to operating income of $31.2 million in 2014. The fourth quarter 2015 results were impacted by the $28.7 million non-union pension settlement charge.


    Improved yield from continued pricing discipline contributed to an operating ratio of 98.1 for full-year 2015 on a consolidated basis. YRC Freight improved its full-year 2015 operating ratio to 99.4 even after including the impact of the non-union pension settlement charge. Excluding the non-union pension settlement charge, YRC Freight’s adjusted operating ratio is 98.5. For 2015, the Regional segment reported an operating ratio of 95.2.



The following information was filed by Yrc Worldwide Inc. (YRCW) on Thursday, February 4, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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