Yellow (YELLQ) 8-K YRC Worldwide Updates Second Quarter 2008 Guidance

Bill Zollars

Chairman, President & CEO

Merrill Lynch Global Transportation Conference

Bill Zollars

Chairman, President & CEO

Merrill Lynch Global Transportation Conference

June 18, 2008

Exhibit 99.2

2

Brand Recognition

Brand Recognition

YRC Worldwide is a $9.6 billion provider of global transportation

services, transportation management solutions, and logistics

management through a portfolio of successful brands.

3

Brand Recognition (continued)

Brand Recognition (continued)

•

Evolution and increasing visibility of the

YRC Worldwide brand

Sponsorship agreement with Jim Furyk,

PGA golfer and 2003 U.S. Open winner

YRC Worldwide radio spots on ESPN with

on-air talent, Scott Van Pelt

Effective implementation of a common

corporate sales force across all asset-based

companies

4

Impact of New Labor Agreement

Impact of New Labor Agreement

•

New agreement is a “game-changer”

for the company

Gives us the capability to provide a faster, more reliable service to the

customer at a lower cost

Increases the flexibility of our day-to-day operations

Provides pension contribution protection over the next five years

•

Benefits of the contract that reduce the overall cost impact:

Introduction of the utility employee

•

Ability to establish a driver-qualified position that works across all job

classifications of local and over-the-road functions

Four-hour casual employees (part-time employees)

•

Improves the ability to match labor to business volumes

Truckload substitute service

•

Opportunity

to

convert

increasingly

expensive

rail

miles

to

more

reliable

road service

5

Labor Agreement

Economic Provisions

Labor Agreement

Economic Provisions

•

Total Increases:

Compounded annual increase of

approximately 3.8% over the life of the

contract (weighted average of wages,

pension and health care increases)

Net economic impact of 3.0% -

3.5% over the

life of the contract, very similar to the current

labor agreement (approximately 3.2%)

Pension Protection Act Provision:

•

The contract provides that the payment of any

potential surcharge assessments to any

pension fund in critical status (red zone) be

accounted

for

within

the

$1.00

per

year

increase (pension and health care only)

$1.50

$1.40

$1.45

$1.40

$1.45

2008

2009

2010

2011

2012

Total increase per hour

Each year includes $1.00 per hour for pension and

health care.  The remainder in each year

represents wage increases.

6

Current Initiatives

Current Initiatives

•

Network optimization:

YRC National Transportation

•

Change of operations at both Yellow and Roadway

•

Enables more effective competition in 2 and 3-day markets

•

“Velocity Network”

provides increased overall service quality in over

28,000 lanes by:

–

Reducing shipment hand-offs

–

Improving service by at least one day for over 15% of shipments

–

Eliminating approximately 20 million linehaul

miles annually            

($40 million annual savings)

7

Example of Velocity Change at YRC National

Example of Velocity Change at YRC National

•

Current State:

•

Future State:

Operation

Results:

1.  Reduces miles by 34%

2.  Improves service standard from 3 days to 2 days

3.  Reduces the number of handlings by 1

Chicago

La Salle

St. Louis

Memphis

Jonesboro

Chicago

La Salle

St. Louis

Memphis

Jonesboro

8

Current Initiatives (continued)

Current Initiatives (continued)

•

Network optimization

(continued):

YRC Regional Transportation

•

A new and improved design at Holland and Reddaway

•

No further changes to the geographic networks at any of the Regional companies

•

Continue progress toward one technology platform at Yellow and Roadway

•

Complete the Jiayu acquisition

•

Global shipment visibility via a technology solution

A supply chain management solution expected to launch in late 2008

Provides visibility down to the PO#, SKU or part from “End-to-End”, which promotes

proactive business and logistics decisions

From “Beijing To Boise”

and Beyond

9

Second Quarter 2008 Update

Second Quarter 2008 Update

•

Updating 2Q08 guidance based on the following:

$0.30 -

$0.40

Previous EPS guidance

+ $0.34

Net curtailment gain (benefit plan equalization)

$0.09

Significant accident accrual (at YRC National)

$0.55 -

$0.65

Updated EPS guidance

•

Operating segment update:

Volume

levels

at

YRC

National

thru

May

are

consistent

with

1 

quarter

YRC

Regional

is

expected

to

be

profitable

for

the

2

quarter

YRC Logistics

is

also

on

track

to

meet

expectations

for

the

2

quarter

Introduction of new Truckload segment

•

USF Glen Moore will be presented as a standalone segment

Expect to exceed $100 million of performance improvement

Reconfirming the $0.30 -

$.40 from core operations

nd

nd

st

10

Forward-Looking Statements

Forward-Looking Statements

•

Pages 6, 8 and 9 of this presentation contain 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

“projected”,

“expected,”

“guidance,”

“on

track,”

and

similar

expressions

are

intended

to

identify

forward-looking

statements.

•

The company’s actual future results and earnings per share could differ materially from those projected in such forward-

looking statements because of a number of factors, including (among others) 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,

changes

in

equity

and

debt

markets,

a

downturn

in

general

or

regional

economic

activity,

effects

of a terrorist attack, labor relations, including (without limitation), the impact of work rules, work stoppages, strikes or

other disruptions, any obligations to multi-employer health, welfare and pension plans, wage requirements and employee

satisfaction, and the risk factors that are from time to time included in the company’s reports filed with the Securities and

Exchange

Commission,

including

the

company’s

Annual

Report

on

Form

10-K

for

the

year

ended

December

31,

2007.

•

The company’s expectation regarding the completion of the Jiayu acquisition is only the company’s expectation regarding

the completion. Completion of the acquisition is subject to Chinese regulatory approvals, restructuring of certain of Jiayu's

operations and the satisfaction or waiver of the other conditions to closing contained in the definitive acquisition

agreement.

•

The

company’s

performance

improvement

target

is

only

the

company’s

expectation

regarding

the

target.

Actual

performance improvement could differ materially based on a number of factors including (among others) the ability to

identify

and

implement

improvements

in

the

time

frame

needed

to

achieve

these

expectations,

the

success

of

the

company’s

operating

plans,

the

need

to

spend

additional

capital

to

implement

improvement

opportunities,

including

(without

limitation)

to

terminate,

amend

or

renegotiate

prior

contractual

commitments,

inflation,

inclement

weather,

competitor

pricing,

fuel

costs,

expense

volatility,

economic

activity,

changes

in

debt

or

equity

markets,

effects

of

a

terrorist

attack,

effects

of

labor

relations,

the

accuracy

of

our

estimates

of

our

spending

requirements,

the

occurrence

of

any

unanticipated

acquisition

opportunities,

changes

in

our

strategic

direction

and

the

need

to

replace

any

unanticipated losses in capital assets.