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BYLINE: John Gallagher
In a year that saw record revenue of nearly $10 billion for trucking giant YRC Worldwide, profits fell victim to soft demand, lower prices and too much capacity in the market.
YRC''s net income in the fourth quarter was down 39 percent to $46.5 million, compared with $77 million in the fourth quarter of 2005. That weak performance cut the final net income for the year by 4 percent to $277 million.
"We delivered solid results in 2006, but below our expectations," said Bill Zollars, chairman, president and CEO of YRC Worldwide, who sees a rocky road ahead. "The economy is growing at a much slower pace and that impacted our …