NEW YORK (TheStreet) -- YRC Worldwide  (YRCW) stock is down by 26.89% to $7.83 on heavy trading volume on Friday morning, after the company reported a loss during the 2015 fourth quarter.

After the market close on Thursday, the transportation services company reported a loss of 73 cents per share, while analysts were expecting earnings of 20 cents per share.

However, revenue of $1.16 billion was slightly above analysts' forecasts for revenue of $1.14 billion.

The company paid a non-union pension settlement charge of $28.7 million during the quarter.

"Despite the challenges of decreasing fuel surcharge revenue and a flattening economy in the second half of the year, our full-year operating income more than doubled prior year results even after the impact of a non-cash pension settlement charge," CEO James Welch said in a statement on Thursday.

So far today, 1.61 million shares of YRC have traded, versus its 30-day average of about 831,000 shares.

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