Welcome to our dedicated page for Yellow Corporation news (Ticker: YELL), a resource for investors and traders seeking the latest updates and insights on Yellow Corporation stock.
Yellow Corporation (YELL) is a Fortune 500 company headquartered in Nashville, TN, and stands as one of the largest super-regional less-than-truckload (LTL) companies in North America. Nearly 100 years ago, Yellow pioneered the LTL industry, and today it encompasses four successful regional LTL companies and an in-house logistics brokerage, Yellow Logistics. Through a team of dedicated professionals, Yellow offers industry-leading shipping and supply chain solutions, providing customers with reliable and timely deliveries.
Yellow Logistics, a coast-to-coast third-party logistics (3PL) brokerage, integrates trucks, technology, and talented professionals to deliver customized shipping solutions. Known for its strategic and reliable partnerships, Yellow Logistics enhances supply chains by moving freight efficiently in multiple modes, meeting customer budget requirements, and accelerating growth portfolios.
Recent Achievements and Projects:
- Yellow is undergoing modernization efforts known as One Yellow, aimed at securing its position in the competitive LTL market. This restructuring plan is essential for the company's survival, enabling it to compete against non-union carriers.
- The company is currently facing significant challenges due to a dispute with the International Brotherhood of Teamsters (IBT). This conflict has led to a lawsuit filed by Yellow, seeking compensation for damages caused by the union's alleged breach of contract.
- Yellow's modernization efforts are crucial, with the company needing to refinance $1.3 billion in debt by 2024 to remain operational.
Financial Condition: Yellow has faced financial hurdles but remains a critical part of the domestic supply chain, serving hundreds of thousands of customers. The company's management is committed to saving 30,000 jobs and protecting shareholder interests, including significant federal government ownership.
Partnerships and Products: Yellow operates a comprehensive logistics and LTL network in North America, offering regional, national, and international shipping services. The company manages a portfolio of brands, including Holland, New Penn, Reddaway, and YRC Freight.
For more details on Yellow's services and latest updates, visit myyellow.com.
Yellow Corporation (NASDAQ: YELL) is hosting hiring events in Buffalo, New York, on April 20 and 21, 2021, to fill over 60 job openings, including local and linehaul drivers. The company plans to recruit thousands of new employees nationwide by the end of 2021, with a focus on hiring more than 1,500 commercial drivers. Yellow emphasizes the importance of the trucking industry for U.S. supply chains and offers competitive wages and healthcare benefits. For more information, candidates can visit Yellow's career website.
Yellow Corporation (NASDAQ: YELL) will host a conference call on May 5, 2021, at 5:00 p.m. ET to discuss its first quarter 2021 results, which will be released the same day after market close. The call will be available via live webcast on the company's website, providing an avenue for investors to access crucial financial information.
Headquartered in Overland Park, Kansas, Yellow Corporation boasts one of North America's largest logistics and less-than-truckload networks, offering comprehensive supply chain solutions.
Yellow Corporation (NASDAQ: YELL) announced the promotion of Darrel Harris to President, effective immediately. Harris, who joined in November 2020 as Executive Vice President of Strategic Initiatives, is tasked with leading a company-wide transformation to modernize freight delivery for over 200,000 customers. With 25 years of industry experience, including CEO of Xpress Global Systems, Harris is seen as a strong leader to guide Yellow's future. The transition follows the retirement of T.J. O’Connor and resignation of Scott Ware.
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