Yellow Roadway Corp., Overland Park, Kan., announced third quarter 2005 adjusted diluted earnings per share of $1.53 compared to last year's third quarter of $1.38.

Third quarter 2005 EPS includes $.04 per share of dilution from the company's contingent convertible notes based on an average stock price of $48.84 for the quarter. No related dilution was included in the third quarter of 2004.
Adjusted diluted EPS for the third quarter 2005 excludes $.04 for executive severance, $.05 of acquisition charges, and $.02 for losses on property disposals. The company excludes these charges when evaluating performance and does not consider them part of core operations. Reported diluted EPS for the third quarter 2005 was $1.42 per share compared to reported third quarter 2004 diluted EPS of $1.15 per share.
"We delivered another solid quarter of financial results," stated Bill Zollars, chairman, president and CEO of Yellow Roadway. "Synergies from the Roadway acquisition remain on track while synergy initiatives from the USF acquisition are well under way."

    Selected Segment Highlights for Third Quarter 2005

       Yellow Transportation
       - Record quarterly revenue of $892 million, up 7.7 percent from third quarter
         last year.
       - Record quarterly operating income of $73 million. 
       - LTL tonnage growth of 0.1 percent from third quarter 2004.
       - LTL revenue per hundred weight, including fuel surcharge, up 7.2 percent,
         and excluding fuel surcharge and adjustments for business mix, up
         1.6 percent, when compared to third quarter 2004.

    Roadway Express
       - Third quarter revenue of $858 million, up 5.7 percent from third quarter
         last year.
       - Third quarter adjusted operating income of $60 million.  Reported
         operating income of $58 million.
       - Adjusted operating ratio of 93.0 percent and reported operating ratio of
         93.2 percent.
       - LTL revenue per hundred weight, including fuel surcharge, up 6.9 percent,
         and excluding fuel surcharge and adjustments for business mix, up
         1.6 percent, when compared to third quarter 2004.

    YRC Regional Transportation
       - Third quarter revenue of $607 million.
       - Adjusted operating income of $33 million.  Reported operating income
         of $28 million.
       - LTL revenue per hundred weight, including fuel surcharge, up 6.0 percent,
         and excluding fuel surcharge, up 1.4 percent when compared to third quarter
         2004.
       - LTL tonnage per day up 10.5 percent from third quarter 2004.

    Meridian IQ
       - Third quarter revenue of $142 million, up 149 percent from third quarter
         last year when including USF Logistics.  Third quarter revenue up 37 percent
         when excluding USF Logistics.
       - Operating income of $6.3 million compared to $1.1 million in third
         quarter 2004.