YRC's stock was down
At the company's national freight operation, called YRC Freight, extra costs included adding and training part-time dock workers and hiring other transportation companies -- both on the road and rails -- to keep up.
Financial results also would have been better, Welch said, had the company been more aggressive in negotiating higher prices with customers, though it did gain increases.
One number in particular disappointed analysts. It's an approximation of the cash produced from operations and is called ebitda, which stands for earnings before interest, depreciation and amortization.
Welch said analysts' ebitda estimates had ranged widely, between
Welch attributed part of the shortfall to higher cargo claims and costs from bodily injury claims, for example from accidents involving company trucks, including claims from prior years that landed in the second quarter's results.
"We got zapped with those in the second quarter," Welch said, otherwise "we'd have been sniffing that
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