Now, I'll turn the call over to Bill Zollars.William Zollars Thanks, Paul. Good morning. The headline here is that we're making money on an operating basis again. But let me start with a few comments on our restructure, which we expect to close later today. This restructure represents the final step of our comprehensive recovery plan and allows us to focus on our future success as opposed to survival, provides more certainty for our customers and our other stakeholders, allows us to invest in the business, and provides the runway for the business to continue its operational improvement and growth. Bill Trubeck will give you more comments on that in a few minutes. Moving to the operating environment, the economy experienced was being called by some a soft patch during the second quarter. However, the economic recovery is continuing at a modest rate, and the second half outlook, while uncertain, is generally positive. After closing the restructure, we expect customers will continue to return and do so at an increasing rate, which should help us overcome any headwinds from the general economy as it has during the second quarter economic softness. The LTL industry dynamics are gaining traction, with pricing discipline and capacity rationalization, including the recently announced general rate increases and our plan to implement a 6.9% GRI for all of our operating companies in August. Our business performance improvement is accelerating, as demonstrated by our quarterly results when compared to last year, and on an absolute basis, when you exclude the incremental cost impact of the restructuring. As you look back on our operational recovery over the past few years, we've achieved several meaningful inflection points in our operating performance. Just some examples of that. In the second quarter of last year, we achieved positive EBITDA. With this quarter's results, we have increased our rolling 4-quarter EBITDA by another 20% from the prior rolling 4-quarter performance, which is a demonstration of the rate of improvement in our operating results. In addition to our earnings improvement, we achieved year-over-year consolidated volume growth during the first quarter of this year, and that positive volume trend continued in the second quarter. And with the second quarter results, YRC National joins our regional companies and is now in the black, as it achieved adjusted operating income for the first time since the third quarter of 2008.
Now, we'll move on to second quarter results. National shipments per day grew 7.1% year-over-year, with tonnage per day growing 6.2%. Importantly, the nearly 9% quarter-over-quarter growth rate for National is in excess of any second quarter sequential growth rate over the last decade, which is another tangible sign that customers are returning their business to us. On the Regional side, shipments grew by 4.7% per day, and tonnage per day grew by 8.1%, both compared to last year. Our daily volume so far in July for both National and Regional are continuing to grow.Now on to yield. Changes in weight per shipment and customer mix affected metrics for both National and Regional in the second quarter. National increased its revenue per shipment by 5% and its revenue per hundredweight by 6%, as its weight per shipment decreased by 0.9% over last year. Regional revenue per shipment grew by 9.9% in the second quarter versus last year, which included a 3.2% increase in weight per shipment. Read the rest of this transcript for free on seekingalpha.com