NEW YORK (TheStreet) -- Shares of YRC Worldwide (YRCW) - Get Report were diving 25.8% to $10.03 on heavy trading volume Friday afternoon after the company posted weaker-than-expected results for the 2016 third quarter.

Following yesterday's closing bell, the Overland Park, KS-based trucking company reported earnings of 42 cents per diluted share on revenue of $1.22 billion.

Analysts surveyed by FactSet were looking for earnings of 53 cents per share on revenue of $1.23 billion.

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"Our third quarter 2016 financial results were impacted by the soft industrial backdrop and lower fuel surcharge revenue compared to a year ago," CEO James Welch said in a statement.

"We continue to believe pricing discipline in the LTL sector remains steady despite the near-term headwinds," he added.

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