By MATT JARZEMSKY And KEVIN KINGSBURY
YRC Worldwide Inc. announced an amended financing facility that will boost liquidity as the struggling trucker plans further belt-tightening and possible divestitures.

Shares jumped 13.5% to 26 cents in early trading as Chairman and Chief Executive Bill Zollars also said that June volume trends are exceeding May. The stock through Friday was down 73% this year.

The company had a brush with insolvency in December and further financial challenges lie ahead, though freight volumes have been improving of late and it has continued to win back customers. Much depends on the outcome of current negotiations with lenders and its multi-employer pension funds.

YRC said Monday the amendment of an asset-backed securitization facility will allow it to borrow more; under the old terms the company was able to borrow just $22 million more from it as of Friday. A new figure wasn’t provided Monday.

In addition to expecting companywide earnings on an adjusted basis before income tax, depreciation and amortization, the company expects its regional transportation segment to swing to the black.

Meanwhile, other steps are being contemplated to boost liquidity. Potential moves include more cost-cutting, talking with lenders and selling noncore assets and operations. It also said the sale of additional equity or other capital-market transactions are possible.

Write to Matt Jarzemsky at matthew.jarzemsky@dowjones.com and Kevin Kingsbury at kevin.kingsbury@dowjones.com

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