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 (NYSE: YELL), a century-old leader in less-than-truckload (LTL) shipping, maintains critical updates through this dedicated news hub. Track developments in the company's One Yellow modernization strategy, legal proceedings with labor organizations, and essential financial restructuring efforts shaping North American logistics markets.
This resource aggregates official announcements regarding operational changes, service enhancements through Yellow Logistics, and strategic partnerships. Investors will find timely updates on debt management initiatives and market positioning within the competitive LTL sector. Industry professionals can monitor technological advancements in supply chain solutions across Yellow's network of regional carriers.
Key content areas include restructuring progress reports, union negotiation outcomes, leadership updates, and service expansion announcements. All materials maintain factual reporting standards without speculative commentary. Bookmark this page for continuous access to verified information about Yellow's role in maintaining critical supply chain infrastructure.
Yellow Corporation (NASDAQ: YELL) has announced the opening of its 21st Driving Academy in Detroit, Michigan, aimed at addressing the nationwide shortage of truck drivers. This tuition-free program offers comprehensive training, preparing students for their commercial driver’s license (CDL) while providing a competitive hourly wage. The company aims to train 1,000 new drivers this year, expanding access to diverse candidates. Yellow's academies are certified as Department of Labor apprenticeship programs, reinforcing its commitment to workforce development in the trucking industry.
Yellow Corporation (NASDAQ: YELL) will hold a conference call on August 3, 2022, at 5:00 p.m. ET to discuss its second quarter 2022 results, with financial results released the same day post-market. The call will be available via webcast on the company's website, www.myyellow.com. Yellow operates a significant logistics and less-than-truckload (LTL) network in North America, supported by over 30,000 transportation professionals, ensuring timely delivery of goods for a diverse client base.
Yellow Corporation (NASDAQ: YELL) has expanded its commitment to address the truck driver shortage by operating 20 tuition-free CDL Driving Academies across the U.S. Recently, three new locations opened in Columbus, OH, Tracy, CA, and Maybrook, NY. The academies aim to train 1,000 new drivers this year, focusing on diverse recruitment and providing thorough training, including 160 hours of education and hands-on experience. These initiatives are part of Yellow's broader strategy to enhance the workforce in the trucking industry.
Yellow Corporation (NASDAQ: YELL) reported mixed operating metrics for April and May 2022, showing declines in key performance indicators compared to 2021. Shipments per workday fell by 14.3% in April and 16.2% in May, while tonnage per workday decreased by 17.0% and 17.2%, respectively. Revenue per hundredweight improved, with April at 30.0% and May at 28.8%. CEO Darren Hawkins expressed confidence in the company's strategic transformation, aiming for enhanced customer service and operational efficiency through the 'One Yellow' initiative, scheduled for completion by year-end.
Yellow Corporation (NASDAQ: YELL) announced that President Darrel Harris and CFO Dan Olivier will partake in a fireside chat at Bank of America's 29th Annual Transportation, Airlines and Industrials Conference on May 17, 2022, at 4:00 p.m. ET in Boston, Massachusetts.
The event will be available for live streaming and replays on Yellow's website for 30 days. Yellow Corporation operates a leading logistics and less-than-truckload (LTL) network in North America, offering comprehensive shipping services backed by over 30,000 transportation professionals.
Yellow Corporation (NASDAQ: YELL) reported a first-quarter operating revenue of $1.260 billion, marking a 5.2% increase from $1.198 billion in 2021. Operating income rose to $9.2 million from a loss of $27.6 million, aided by a $5.5 million net gain from property disposals. The net loss was $27.5 million ($0.54 per share), an improvement from a loss of $63.3 million ($1.26 per share) last year. Adjusted EBITDA showed a significant increase, reaching $52 million, up $38.8 million year-over-year.
Yellow Corporation (NASDAQ: YELL) will host a conference call on May 10, 2022, at 5:00 p.m. ET to discuss its first quarter 2022 financial results. The results will be released the same day after market close. Investors can access the call live or as a replay on Yellow Corporation's website. The company is recognized for its extensive logistics and less-than-truckload (LTL) network across North America, providing flexible supply chain solutions.
