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 announced the cancellation of its virtual hiring events scheduled for May 5 and May 6 in Grand Rapids. The company encourages interested individuals to call 1-877-249-2271 or visit MyYellow.com for details on alternative upcoming hiring events.
Yellow Corporation (NASDAQ: YELL) is hosting hiring events on May 6 and 7 in Kansas City, aiming to fill over 20 positions, including dock and local drivers. As the second largest less-than-truckload carrier in North America, Yellow plans to hire thousands nationwide by the end of 2021, with a focus on commercial drivers. Yellow offers competitive wages and healthcare benefits, alongside a Kansas City Driver Academy for Commercial Driver's License training. Interested candidates can attend the event without reservations.
Yellow Corporation (NASDAQ: YELL) is hosting a hiring event on May 6 in Piedmont, South Carolina, aiming to fill over 20 positions including dock workers and drivers. The company plans to hire thousands of new employees nationwide by the end of 2021, with at least 1,500 roles for commercial drivers. Yellow, the second largest less-than-truckload carrier in North America, emphasizes the importance of ramping up hiring to sustain the U.S. supply chain. The event will provide candidates an opportunity to interview with hiring managers without reservations.
Yellow Corporation (NASDAQ: YELL) is hosting a hiring event on May 6, 2021, in Newburgh, New York, aiming to fill over 20 immediate job openings including dock workers and linehaul drivers. The company plans to hire thousands across the U.S. by the end of 2021, with at least 1,500 positions designated for commercial drivers. Yellow, the second-largest less-than-truckload carrier in North America, emphasizes competitive salaries and benefits, crucial for maintaining the U.S. supply chain, according to CEO Darren Hawkins.
Yellow Corporation (NASDAQ: YELL) is hosting a virtual hiring event on May 5 and 6 to recruit for over 20 positions in Grand Rapids, Michigan, including drivers and dock workers. With plans to hire thousands nationally by year-end, 1,500 roles are aimed at commercial drivers, highlighting the company's commitment to bolstering the U.S. supply chain amidst increasing demand for freight services. Competitive wages and healthcare benefits are offered to attract candidates. Interested individuals can find more details on their website.
Yellow Corporation (NASDAQ: YELL) is hosting a hiring event on May 5 in Maybrook, New York, aiming to fill 53 positions with hiring bonuses of $7,500 for local and linehaul drivers. As the second largest less-than-truckload carrier in North America, Yellow plans to hire thousands nationwide by year-end, including 1,500 commercial drivers. The company emphasizes competitive wages and robust healthcare benefits, supporting workforce growth to enhance the U.S. supply chain.
Yellow Corporation (NASDAQ: YELL) announced participation in a fireside chat at the 2021 Virtual Wells Fargo Industrials Conference on May 6, 2021, at 1:20 p.m. ET. The chat will feature Darren Hawkins, CEO, and Dan Olivier, Interim CFO. Interested parties can view the event as a live audio webcast or replay it for 30 days on the company's website at www.myyellow.com. Yellow Corporation is noted for its extensive logistics and less-than-truckload (LTL) network in North America, providing flexible supply chain solutions.
Yellow Corporation (NASDAQ: YELL) announced the acquisition of over 1,200 new tractors from Peterbilt Motors Company, focusing on the Model 579 Day Cab. This move aims to modernize their fleet and enhance service efficiency. In Q1 2021, Yellow also received 1,100 tractors, 1,600 trailers, and 140 containers, with a projected $450 million in capital expenditures fueling the U.S. economy. The new vehicles are equipped with advanced safety features, which aligns with Yellow’s commitment to safety and environmental responsibility.
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?
