Yellow (YELLQ) 8-K YRC Worldwide Delivers Another Strong Year

Exhibit 99.1

10990 Roe Avenue Overland Park, KS 66211 Phone 913 696 6100 Fax 913 696 6116   News Release

February 1, 2007

YRC Worldwide Delivers Another Strong Year

• Consolidated 2006 Revenue and Operating Income Highest in Company History

• Yellow Transportation & Roadway Deliver Strong Full-Year Operating Ratios

• Meridian IQ Achieves Record Revenue and Operating Income

OVERLAND PARK, KAN. — YRC Worldwide Inc. (NASDAQ: YRCW) today announced fourth quarter 2006 adjusted diluted earnings per share (“EPS”), after excluding $0.08 for an increase in the tax rate, was $1.02. Adjusted diluted EPS was $0.94 compared to adjusted EPS of $1.37 for the fourth quarter 2005. Fourth quarter 2006 adjusted EPS excludes $0.14 of USF acquisition-related charges, impairment charges and loss on the sale of a subsidiary, partially offset by gains on property disposals. The company does not consider these costs a part of core operations and excludes them when evaluating ongoing performance. More detail on these items can be found in the Supplemental Financial Information included with this release. Reported EPS for fourth quarter 2006 was $0.80 compared to reported EPS of $1.30 in fourth quarter last year.

“We delivered a solid quarter despite weaker economic conditions,” stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. “Our operating companies continued to execute well and responded aggressively to lower volumes.”

YRC Worldwide reported the following consolidated results for the fourth quarter 2006:

• Quarterly operating revenue of $2.41 billion compared to fourth quarter last year of $2.48 billion.

• Adjusted operating income of $113 million compared to fourth quarter 2005 adjusted operating income of $152 million. Adjustments in 2006 included acquisition-related charges partially offset by net gains on property disposals. Reported operating income was $108 million compared to reported operating income of $154 million in 2005.

For the twelve months ended December 31, 2006, YRC Worldwide reported the following consolidated results:

• Adjusted diluted EPS of $5.01 compared to $5.25 for the same period last year. Reported diluted EPS of $4.74 compared to $5.07 for the same period in 2005.

• Operating revenue of $9.9 billion, up 13.5% from last year.

• Adjusted operating income of $563 million compared to $544 million for the year ended December 31, 2005. Adjustments in 2006 are comprised of acquisition-related charges, reorganization expenses, a loss on sale of a subsidiary and net gains on property disposals. Reported operating income was $545 million compared to reported operating income of $536 million in 2005.

During the quarter, the company recorded $9 million of expense related to a deterioration in prior years’ workers’ compensation claims. The company also conformed the vacation practice of a subsidiary resulting in lower employee benefits expense of $12 million for the quarter. In addition, as reported in the third quarter, the company had lower depreciation expense of $14 million for the fourth quarter resulting from adjusted depreciation policies.

Please note 2006 results include the USF companies for the entire period. The 2005 results include the USF companies from the date of the company’s acquisition of USF Corporation on May 24, 2005.

For statistical information, refer to the company’s website at Tyrcw.comT under Investor Relations and then select Earnings Releases & Operating Statistics.

Outlook

“We delivered solid results in 2006, but below our expectations,” Zollars stated. “With that said, the economy is growing at a much slower pace and that impacted our fourth quarter and will impact us as we head into 2007.”

The company’s expectations include the following:

• Full year 2007 EPS between $4.70 and $4.90.

• Full year 2007 consolidated revenue of $10.2 billion, interest expense around $90 million and a consolidated income tax rate of 38.6%.

• Diluted average shares of around 58.3 million assuming an average year-to-date 2007 stock price of $41 per share.

• 2007 gross capital expenditures in the range of $425 to $450 million.

Review of Financial Results

YRC Worldwide Inc. (NASDAQ: YRCW) will host a conference call for shareholders and the investment community on Friday, February 2, 2007, beginning at 9:30am ET, 8:30am CT.

Investors and analysts should dial 1.888.609.3912 at least 10 minutes prior to the start of the call. The Conference ID Number is 5436314. The conference call will be open to listeners through a live webcast via StreetEvents at streetevents.com and via the YRC Worldwide Internet site yrcw.com.

An audio playback will be available beginning two hours after the call ends until midnight on February 16, 2007 by calling 1.800.642.1687 and then entering the access code 5436314. An audio playback also will be available for 30 days after the call via the StreetEvents and the YRC Worldwide web sites.

*    *    *    *    *

The preceding disclosures contain references to ‘reported’ and ‘adjusted’ operating income and earnings per share. Reported numbers include property gains and losses, reorganization expenses, acquisition-related charges, impairment charges, and a loss on sale of subsidiary, while adjusted numbers exclude these items. Management adjusts for these items when evaluating operating performance to more accurately compare the results among periods.

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”, “believe” and similar expressions are intended to identify forward-looking statements. It is important to note that the company’s actual future results, revenue and earnings per share 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, including (without limitation) expense volatility due to changes in rail service or pricing for rail service, ability to capture cost reductions, including (without limitation) those cost reduction opportunities arising from acquisitions, 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.

The company’s expectations regarding its interest expense are only its expectations regarding this expense. Actual interest expense could differ based on a number of factors including (among others) the company’s revenue and profitability results and the factors that affect revenue and results described above, the amount, character and interest rate on the company’s outstanding debt and any financings the company may enter into in the future.

The company’s expectations regarding its effective tax rate are only its expectations regarding this rate. The actual rate could differ based on (among others) the following factors: variances in pre-tax earnings on both a consolidated and business units basis, variance in pre-tax earnings by jurisdiction, impacts on our business from the factors described above, variances in estimates on non-deductible expenses, tax authority audit adjustments, change in tax rates and availability of tax credits.

The company’s expectations for the amount of its diluted average shares are only its expectations regarding this amount. Actual diluted average shares could differ based on a number of factors including (among others) the number of employee and director stock option exercises, actual amounts of stock awarded to employees and directors during the year, the dilutive impact of the contingent convertible notes based on the company’s average stock price, and any unanticipated issuance of stock for currently unplanned financings or acquisitions.

The company’s expectations regarding its gross capital expenditures are only its expectations regarding these expenditures. Actual expenditures could differ based on (among others) the following factors: impacts on our business from the factors described above, the accuracy of our estimates of our spending requirements, the occurrence of any unanticipated acquisition opportunities, changes in our strategic direction, the need to spend additional capital on cost reduction opportunities, and the need to replace any unanticipated losses in capital assets.

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, Meridian IQ, New Penn, USF Holland, USF Reddaway, and USF Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. 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, YRC Worldwide employs approximately 66,000 people.

Investor Contact:	Todd M. Hacker	Media Contact:	Suzanne Dawson
	YRC Worldwide Inc.		Linden Alschuler & Kaplan
	913.696.6108		212.329.1420
	todd.hacker@yrcw.com		sdawson@lakpr.com

STATEMENTS OF CONSOLIDATED OPERATIONS

YRC Worldwide Inc. and Subsidiaries

For the Three and Twelve Months Ended December 31

(Amounts in thousands except per share data)

(Unaudited)

	Three Months						Twelve Months
	2006			2005			2006			2005
OPERATING REVENUE	$	2,407,663		$	2,483,100		$	9,918,690		$	8,741,557
OPERATING EXPENSES:
Salaries, wages and employees’ benefits		1,395,285			1,389,651			5,735,720			5,111,113
Operating expenses and supplies		440,943			435,428			1,819,030			1,438,426
Purchased transportation		278,752			304,605			1,090,504			991,157
Depreciation and amortization		61,904			69,714			274,184			250,562
Other operating expenses		118,122			132,076			435,876			406,348
Gains on property disposals, net		(8,443	)		(5,042	)		(8,360	)		(5,388	)
Reorganization and acquisition charges		13,366			2,952			26,302			13,029
Total operating expenses		2,299,929			2,329,384			9,373,256			8,205,247
OPERATING INCOME		107,734			153,716			545,434			536,310
NONOPERATING (INCOME) EXPENSES:
Interest expense		21,076			20,618			87,760			63,371
Other		3,754			2,164			1,718			676
Nonoperating expenses, net		24,830			22,782			89,478			64,047
INCOME BEFORE INCOME TAXES		82,904			130,934			455,956			472,263
INCOME TAX PROVISION		36,445			54,087			179,324			184,133
NET INCOME	$	46,459		$	76,847		$	276,632		$	288,130
AVERAGE SHARES OUTSTANDING-BASIC		57,144			57,864			57,361			54,358
AVERAGE SHARES OUTSTANDING-DILUTED		57,938			59,376			58,339			56,905
BASIC EARNINGS PER SHARE	$	0.81		$	1.33		$	4.82		$	5.30
DILUTED EARNINGS PER SHARE	$	0.80		$	1.30		$	4.74		$	5.07

SUPPLEMENTAL FINANCIAL INFORMATION

YRC Worldwide Inc. and Subsidiaries

For the Three Months Ended December 31

(Amounts in thousands except per share data)

(Unaudited)

	Three Months
	2006			2005			%
Operating revenue:
Yellow Transportation	$	835,339		$	886,541		(5.8	)
Roadway		844,747			865,072		(2.3	)
YRC Regional Transportation		570,526			584,381		(2.4	)
Meridian IQ		162,558			153,485		5.9
Corporate and other		(5,507	)		(6,379	)
Consolidated		2,407,663			2,483,100		(3.0	)
Reported operating income (loss):
Yellow Transportation		41,851			64,547		(35.2	)
Roadway		59,870			62,600		(4.4	)
YRC Regional Transportation		19,148a			30,138		(36.5	)
Meridian IQ		7,618			4,245		79.5
Corporate and other		(20,753	)a		(7,814	)
Consolidated		107,734			153,716		(29.9	)
Adjustments to operating income by segmentb :
Yellow Transportation		180			(4,275	)
Roadway		(5,865	)		(1,193	)
YRC Regional Transportation		(2,860	)		3,363
Meridian IQ		179			(26	)
Corporate and other		13,289			41
Consolidated		4,923			(2,090	)
Adjusted operating income (loss):
Yellow Transportation		42,031			60,272		(30.3	)
Roadway		54,005			61,407		(12.1	)
YRC Regional Transportation		16,288			33,501		(51.4	)
Meridian IQ		7,797			4,219		84.8
Corporate and other		(7,464	)		(7,773	)
Consolidated	$	112,657		$	151,626		(25.7	)
Reported operating ratio:
Yellow Transportation		95.0	%		92.7	%
Roadway		92.9	%		92.8	%
YRC Regional Transportation		96.6	%		94.8	%
Meridian IQ		95.3	%		97.2	%
Consolidated		95.5	%		93.8	%
Adjusted operating ratio:
Yellow Transportation		95.0	%		93.2	%
Roadway		93.6	%		92.9	%
YRC Regional Transportation		97.1	%		94.3	%
Meridian IQ		95.2	%		97.3	%
Consolidated		95.3	%		93.9	%
Reconciliation of reported diluted earnings per share (EPS) to adjusted diluted EPS:
Reported diluted EPS	$	0.80		$	1.30
Gains on property disposals		(0.08	)		(0.05	)
Impairment charges (nonoperating expenses)d		0.06			—
Acquisition related chargese		0.14			0.03
Loss on sale of subsidiary		0.02			—
Pre-acquisition foreign currency adjustmentf		—			0.02
Change in effective tax rateg		—			0.07
Adjusted diluted EPS	$	0.94		$	1.37

SUPPLEMENTAL FINANCIAL INFORMATION

YRC Worldwide Inc. and Subsidiaries

For the Twelve Months Ended December 31

(Amounts in thousands except per share data)

(Unaudited)

	Twelve Months
	2006			2005			%
Operating revenue:
Yellow Transportation	$	3,460,504		$	3,421,310		1.1
Roadway		3,427,045			3,321,064		3.2
YRC Regional Transportation		2,441,364			1,570,828 c		55.4
Meridian IQ		609,742			447,563c		36.2
Corporate and other		(19,965	)		(19,208	)
Consolidated		9,918,690			8,741,557		13.5
Reported operating income (loss):
Yellow Transportation		208,440			255,329		(18.4	)
Roadway		214,845			209,122		2.7
YRC Regional Transportation		142,228a			85,794c		65.8
Meridian IQ		13,682			15,167c		(9.8	)
Corporate and other		(33,761	)a		(29,102	)
Consolidated		545,434			536,310		1.7
Adjustments to operating income by segmentb :
Yellow Transportation		2,236			(7,108	)
Roadway		(4,279	)		1,159
YRC Regional Transportation		(3,016	)		8,838
Meridian IQ		7,147			(37	)
Corporate and other		15,854			4,789
Consolidated		17,942			7,641
Adjusted operating income (loss):
Yellow Transportation		210,676			248,221		(15.1	)
Roadway		210,566			210,281		0.1
YRC Regional Transportation		139,212			94,632		47.1
Meridian IQ		20,829			15,130		37.7
Corporate and other		(17,907	)		(24,313	)
				��
Consolidated	$	563,376		$	543,951		3.6
Reported operating ratio:
Yellow Transportation		94.0	%		92.5	%
Roadway		93.7	%		93.7	%
YRC Regional Transportation		94.2	%		94.5	%
Meridian IQ		97.8	%		96.6	%
Consolidated		94.5	%		93.9	%
Adjusted operating ratio:
Yellow Transportation		93.9	%		92.7	%
Roadway		93.9	%		93.7	%
YRC Regional Transportation		94.3	%		94.0	%
Meridian IQ		96.6	%		96.6	%
Consolidated		94.3	%		93.8	%
Reconciliation of reported diluted EPS to adjusted diluted EPS:
Reported diluted EPS	$	4.74		$	5.07
Gains on property disposals		(0.09	)		(0.06	)
Reorganization expenses		0.11			—
Loss on sale of subsidiary		0.05			—
Impairment charges (nonoperating expenses)d		0.06			—
Acquisition related chargese		0.14			0.10
Executive severance		—			0.04
Pre-acquisition foreign currency adjustmentf		—			0.02
Change in effective tax rateg		—			0.08
Adjusted diluted EPS	$	5.01		$	5.25

a Amounts related to USF Dugan and USF Red Star, which were shut down in previous periods, have been classified in ‘Corporate and Other’ for 2006. The 2005 amounts continue to be classified in YRC Regional Transportation.

b Management excludes these items when evaluating operating income and segment performance to more accurately compare the results of our core operations among periods. This measurement should not be construed as a better measurement than operating income as defined by generally accepted accounting principles. Adjustments presented in the 2006 period herein consist of property gains and losses, reorganization expenses and loss on sale of subsidiary as well as other specific items mentioned below. Adjustments presented in the 2005 period herein consist of property gains and losses, acquisition related charges and executive severance charges.

c Includes the revenue and operating income of USF operating companies since May 24, 2005, the date of acquisition.

d Management excluded the impairment charges related to the impairment of a customer list associated with the JHJ investment and a nonoperating investment. These amounts are classified as nonoperating expenses.

e Management excluded the expense related to the unsuccessful abatement of a MEPPA withdrawal liability related to USF Red Star. Had this outcome been known during the purchase accounting process, the amount would have increased goodwill. As the USF purchase occurred in May 2005, or more than one year ago, this accounting treatment is no longer permissible. The 2005 amount relates to acquisition charges associated with the USF purchase.

f Management excluded the portion of a foreign currency adjustment related to the Roadway financial statements prior to the acquisition. As the company can no longer apply purchase accounting to increase goodwill related to this acquisition, the adjustment was recorded directly to the income statement. This adjustment, recorded in other nonoperating expenses on the Statements of Consolidated Operations, was not related to 2005 performance.

g Management excluded the impact of an increase to its effective tax rate as it primarily related to a change in the accounting treatment of Roadway deferred taxes established at the acquisition date. This is not expected to impact the tax rate in future periods.

Selected Financial Data

YRC Worldwide Inc.

(Amounts in thousands unless otherwise noted)

(Unaudited)

	For the Twelve Months Ended December 31,
	2006			2005
Net cash from operating activities	$	532,304		$	497,677
Net cash used in investing activities		(328,971	)		(1,044,295	)
Net cash provided by (used in) financing activities		(209,303	)		522,490
Gross capital expenditures		(377,687	)		(304,718	)
Net capital expenditures		(303,057	)		(256,435	)
Proceeds from exercise of stock options		5,686			11,203
Free cash flowa		234,933			252,445
	December 31, 2006			December 31, 2005
Cash and cash equivalents	$	76,391		$	82,361
Accounts receivable, net		1,190,818			1,164,383
Net property and equipment		2,269,846			2,205,792
Total assets		5,877,093			5,734,189
Asset backed securitization borrowings		225,000			374,970
Long-term debt, less current portion		1,058,496			1,113,085
Total debt		1,283,496			1,488,055
Total shareholders’ equity		2,192,549			1,936,488
Debt to capitalizationb		36.9	%		43.5	%
Debt to capitalization, less cash		35.5	%		42.1	%

a Management uses free cash flow as an indication of the cash available to fund additional capital expenditures, to reduce outstanding debt (including current maturities), or to invest in our growth strategies. Free cash flow is calculated as net cash from operating activities plus stock option proceeds less net capital expenditures. This measurement is used for internal management purposes and should not be construed as a better measurement than net cash from operating activities as defined by generally accepted accounting principles.

b We calculate debt to capitalization as total debt divided by total debt plus total shareholders’ equity.