Bill Zollars Quotations

We believe that our stock remains significantly undervalued in the market and we continue to have confidence in the long-term value of our organization. Our plans to pay down $100 million of debt in 2006 remain unchanged.

Many of the local programs funded by United Way will play an important role in helping hurricane victims who fled the Gulf Coast, and have at least temporarily relocated here.

Simply put, the breadth and depth of the enterprise is greater than the name Yellow Roadway conveys. We now operate in over 70 countries around the world and our services have expanded to encompass logistics as well as global, national and regional transportation. Our new name, YRC Worldwide, better reflects the reality of what our enterprise is today. Our aspirations for the future remain consistent with our core purpose: Making global commerce work by connecting people, places and information.

Given that third quarter was revised upward significantly, I am skeptical that growth was so low and I will wait until we have the final figures to judge.

From a strategic standpoint, the acquisition gave us instant (scale) across the U.S. in the next-day market, which is the fastest growing segment of the industry.

Our view on the economy for 2006 has not changed, particularly based on apparent strength in the manufacturing sector. We are taking steps to adjust our cost base as necessary and address specific customer situations.

We continue to build our brands and expand our international, national and regional capabilities. Our objective is to provide seamless, end-to-end global transportation solutions to our customers.

We are delighted to receive this prestigious recognition for the fourth year in a row. The dedication of our employees drives our success. All our brands are focused on helping our customers find solutions to transportation and logistics challenges in today's global marketplace.

We had another excellent year in 2005, both financially and strategically. Our business units performed well and delivered solid financial results, which are even more impressive considering we added the USF companies to our portfolio and realigned our regional service coverage.

Despite good revenue growth in all areas of our company, the quarter did not come in where we had planned. Given the first quarter, we have taken aggressive steps to improve our financial performance going forward. The economy still looks healthy, our brands remain strong and our synergy programs are on track.

Although our business levels remain ahead of last year, overall volumes for the quarter are projected to come in below our expectations across all of our asset-based business units. In addition to general competitive pressure, some of our large retail customers have made significant inventory adjustments in the quarter, which have impacted our business levels.

This, ... is kind of uncharted territory for all of us.

I appreciate the confidence of the board, and I look forward to continue leading the company and having the opportunity to enhance shareholder value.

The trucking business is all about satisfying customers. We don't have a product to sell, so what we're really selling is the customer experience. If you really do a good job for customers, they'll come back and use you.