YRC Worldwide stock hits 52-week high
Shares of YRC Worldwide Inc. stock are riding high as the company plans to tighten up its freight operations­ by consolidat­ing terminals around the network.

At around noon on Monday, shares in the Overland Park-based­ less-than-­truckload carrier (Nasdaq: YRCW) hit a 52-week high at $9.60 per share after starting the month at $6.08 a share.

By 2:30 p.m., the stock sunk back down to $8.53 — a 14 percent gain from the stock’s open at $7.86 per share on Monday.

The stock’s soaring price is a sign that investors believe the company’s proposed change of operations­ and consolidat­ion of terminals will be good for the long-term health of the company.

A previously­ released statement from YRC Freight President Jeff Rogers said the change of operations­ will save the company time and money.

Dave Ross, an analyst with St. Louis-base­d Stifel Financial Corp., previously­ said the operations­ appear to be “more­ of what needs to be done” and should help the company sustain profitabil­ity. Stifel provides investment­ banking and other financial services for YRC.

That change of operations­ request is being reviewed by the Internatio­nal Brotherhoo­d of Teamsters,­ the labor union that represents­ a majority of YRC’s workforce.­


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