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) has announced that three of its experienced truck drivers have been selected as members of the American Trucking Associations’ (ATA) America’s Road Team Captains for 2022-2023. This selection comes from a competitive pool of 34 drivers. Together, they boast nearly nine million miles of safe driving. The Road Team aims to promote safety and highlight trucking careers nationwide amidst ongoing industry challenges, including a driver shortage. Yellow Corporation operates one of the largest logistics networks in North America, ensuring reliable freight transportation.
Yellow Corporation (NASDAQ: YELL) announced a conference call on February 2, 2022, at 5:00 p.m. ET to discuss its fourth quarter and full year 2021 results. Financial results will be released on the same day after the market closes. The call will be accessible via the Yellow Corporation website.
Yellow Corporation operates one of North America's largest logistics networks, providing less-than-truckload (LTL) services and flexible supply chain solutions. The company is based in Overland Park, Kansas, and manages a portfolio of LTL brands.
On December 20, 2021, Yellow Corporation (NASDAQ: YELL) CEO Darren Hawkins participated in a White House meeting to support the Biden Administration's Trucking Action Plan. The plan aims to tackle the nationwide driver shortage by implementing initiatives to recruit and train new drivers, with a focus on veterans. Hawkins emphasized the importance of reducing barriers for obtaining a commercial driver’s license and enhancing apprenticeship programs. Yellow operates 14 driving academies nationwide, providing comprehensive training and apprenticeship opportunities.
Yellow Logistics, part of Yellow Corporation (NASDAQ: YELL), is expanding its retail distribution network with a new 138,000 sq. ft. facility in Mesquite, Texas. This facility features 23 processing doors and aims to enhance pool distribution services for retailers. The expansion follows the successful launch of similar services in Atlanta, responding to increased demand in the Dallas market. This strategic move aims to optimize supply chains, reduce lead times, and improve service efficiency for both retail and manufacturing clients.
Yellow Corporation (NASDAQ: YELL) has reported its operating metrics for the initial months of Q4 2021, reflecting a decline in key performance indicators. Shipments per workday dropped by 8.1% in October and 6.8% in November, while tonnage per workday fell by 10.1% and 9.5%, respectively. Despite these decreases, revenue per shipment saw an increase of 19.8% and 20.2% in the same months. Additionally, the company announced a Partial Pension Annuitization affecting approximately 3,700 participants, expecting a non-cash settlement loss of $50-$60 million in Q4.
Yellow Corporation (NASDAQ: YELL) announces participation in two upcoming fireside chats. On December 1, 2021, CEO Darren Hawkins and CFO Dan Olivier will present at the Stephens Annual Investment Conference in Nashville at 2:00 p.m. ET. They will also attend the Credit Suisse 9th Annual Industrials Conference on December 3, 2021, at 9:30 a.m. ET. Both events will be available via live audio webcast on the Yellow Corporation website and can be replayed for 30 days thereafter.
Yellow Corporation (NASDAQ: YELL) announced the appointment of Javier Evans to its Board of Directors, effective November 9, 2021. With over 40 years of experience in human resources, leadership, and diversity, Evans currently serves as the Executive Vice President at Sterling National Bank. He will contribute to the Compensation Committee, bringing valuable insights from his extensive HR expertise. Board Chairman Matt Doheny expressed confidence in Evans' ability to support the company’s vision of unity and growth.
Yellow Corporation (NASDAQ: YELL) has officially rebranded its logistics brokerage from HNRY Logistics to Yellow Logistics. This change aims to streamline the company’s operations under a unified brand that enhances its less-than-truckload (LTL) services. According to Jason Bergman, Chief Commercial Officer, the rebranding is a significant step in simplifying direct-to-carrier shipping for customers. Yellow Logistics will provide diverse logistics solutions, including truckload and intermodal services, backed by advanced technology and dedicated teams.
Yellow Corporation (NASDAQ: YELL) has officially rebranded its logistics brokerage, HNRY Logistics, to Yellow Logistics. This change aims to unify the company's less-than-truckload (LTL) brands under one name, enhancing customer experience in direct-to-carrier shipping. Yellow Logistics is committed to delivering innovative logistics solutions, including truckload, intermodal, and express services. The organization emphasizes its technological capabilities and a comprehensive logistics network across North America, providing tailored support for various supply chain needs.
FAQ
What is the market cap of Yellow Corporation (YELL)?
What services does Yellow Corporation provide?
What is Yellow Logistics?
What is the One Yellow initiative?
Where is Yellow Corporation headquartered?
How many employees does Yellow Corporation have?
Why is Yellow Corporation involved in a legal dispute with the IBT?
What are the financial challenges faced by Yellow Corporation?
What are Yellow Corporation’s main brands?
How can I learn more about Yellow Corporation's services?
What impact does Yellow Corporation have on the supply chain?
