19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
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OVERLAND PARK, Kan. - YRC Worldwide Inc., a transportation service provider, said Tuesday it expects to remain in compliance with the terms of its lending agreement.
| YRCW | 2.3 |  0.74 |
The company also said it expects free cash flow in both the third and fourth quarters of 2008 and plans to have "significant" debt reduction for the year.
"Despite the continuing unrest in the broad financial markets, our current financial position is solid and we remain well positioned to weather this economic environment," said Chairman and Chief Executive Bill Zollars.
In electronic aftermarket trading, YRC Worldwide shares added 72 cents, or 14 percent to $5.70. They earlier plunged $2.09, or 29.6 percent, to $4.98 amid a dramatic decline in the broader market. During the session, the stock hit a new year low of $4.80.
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