Yellow Corporation - YELL STOCK NEWS

Yellow Corporation announces Peggy Arnold as the 2022 Women In Trucking Driver of the Year. With nearly 30 years of experience, Arnold has logged nearly 1.9 million accident-free miles. The award celebrates female drivers' commitment to safety and service, and Arnold is recognized for her contributions in training new drivers and enhancing the trucking industry's public image. This marks the third annual award presented by Women In Trucking. CEO Darren Hawkins commended Arnold's achievements, highlighting the honor for both her and Yellow.

Yellow Corporation (NASDAQ: YELL) announces that eight of its freight professionals have been recognized among the Women In Trucking Association’s “Top Women to Watch in Transportation” for 2022. This recognition highlights their career achievements and advocacy for gender diversity in the industry. Since 2019, 30 Yellow employees have received this honor. The company continues to support women's professional growth through its Women’s Leadership Development Program and a new Women’s Inclusion Network.

Yellow Corporation's driver, Peggy Arnold, has been named a finalist for the 2022 Driver of the Year award by the Women In Trucking Association (WIT), marking the first time a Yellow driver has achieved this honor. With nearly 30 years at Yellow and 1.9 million accident-free miles, Arnold exemplifies safety and professionalism. The award announcement will occur on March 25 during the Mid-America Trucking Show. CEO Darren Hawkins praised Arnold's dedication and representation of the company.

Yellow Corporation (NASDAQ: YELL) has settled a protracted civil litigation with the U.S. Department of Defense regarding freight shipment credits from 2005 to 2013, during which the company admitted no liability. This resolution allows Yellow's workforce to focus on transporting goods for over 200,000 customers, including the DoD, maintaining a long-standing relationship. CEO Darren Hawkins emphasized the importance of moving forward, particularly amid current supply chain challenges, as the company aims to transform into a leading super-regional and long-haul LTL carrier.

Yellow Corporation (NASDAQ: YELL) reported its operating metrics for January and February 2022, indicating significant declines in key performance indicators. Shipments per workday dropped by 12.5% and 22.9%, respectively, while tonnage per workday decreased by 15.9% and 27.4%. Despite these declines, revenue per hundredweight and revenue per shipment saw improvements with 25.1% and 20.2% in January and 33.8% and 26.0% in February. CEO Darren Hawkins noted that the company is on track to complete its transformation to One Yellow in 2022, aiming for a fully integrated network.

Yellow Corporation CEO Darren Hawkins participated in a signing ceremony with U.S. Secretaries of Labor and Transportation on March 1, 2022, highlighting partnerships to enhance truck driver apprenticeship programs. The initiative aims to address a significant shortage of over 80,000 drivers currently and predicts a need for more than 1 million new drivers over the next decade. Yellow, a leader in the DOL apprenticeship program, operates 16 Driving Academies with plans to train 1,000 new drivers in 2022, offering a pathway to well-paid careers in the trucking industry.

Yellow Corporation (NASDAQ: YELL) announced the remarkable achievement of its drivers, who in 2021, drove over three million miles without preventable accidents. This accomplishment includes seven drivers who reached the 4 Million-Mile milestone and numerous others reaching the 3 Million-Mile mark. Yellow's CEO, Darren Hawkins, praised the dedication and leadership of these drivers, highlighting their role in promoting safety within the industry. Since 2008, over 325 drivers have achieved milestones of 3,000,000 safe driving miles, reiterating Yellow's commitment to safety and excellence in logistics.

Yellow Corporation (NASDAQ: YELL) is tackling the truck driver shortage by launching two new Driving Academies in Marietta, GA, and Cincinnati, OH. This expansion adds to its existing 14 schools, aiming to train 1,000 new drivers this year. The tuition-free programs combine classroom and hands-on training, preparing participants for their commercial driver’s license (CDL). With the trucking industry needing about one million new drivers in the next decade, Yellow’s academies are part of addressing this critical demand.

Yellow Corporation (NASDAQ: YELL) reported strong fourth quarter 2021 results with operating revenue of $1.309 billion and operating income of $55.8 million, up from $1.165 billion and $13.7 million in Q4 2020. However, the company faced a net loss of $44.7 million due to a non-cash settlement loss of $54.9 million from a Partial Pension Annuitization. Adjusted EBITDA rose to $115.5 million, a significant increase year-over-year. For 2021, total operating revenue reached $5.122 billion, with a net loss of $109.1 million, indicating challenges despite revenue growth.