Yellow Corporation Opens New Truck Driving Academies, Training the Next Generation of Professional Drivers

Rhea-AI Summary

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.

Positive

• Establishment of two new Driving Academies in key transportation hubs, Marietta, GA, and Cincinnati, OH.
• Goal to train 1,000 new drivers in 2022, enhancing workforce and operational capacity.
• Tuition-free program incentivizes participation and addresses driver shortage issue.

Negative

• None.

OVERLAND PARK, Kan., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL), one of the largest and longest operating trucking companies in America, is addressing the nation’s shortage of truck drivers head-on. The Company is adding two new Driving Academies to its stable of 14 schools to prepare the next generation of professional truck drivers for careers in transportation.

The new academies are located in two of the nation’s top transportation hubs, Marietta (Atlanta market), GA and Cincinnati, OH, which are gateways to the South and Midwest.

“We’re pleased to offer additional driver training locations. Our goal is to train 1,000 new drivers through our academies this year,” said Darren Hawkins, Yellow Chief Executive Officer. “Our drivers are top shelf and trained by the best.”

Yellow’s Driving Academies are owned and operated by the Company. Its longest-serving, most experienced driving professionals provide student instruction and peer-to-peer mentorship.

“Everything we teach emphasizes safety: safety of our drivers, colleagues, customers and the driving public. That remains our top priority,” said Hawkins.

Students enrolled in the Academies are provided classroom training combined with hands-on, behind-the-wheel instruction with experienced safety professionals. The program is tuition-free for all participants. At the completion of their instruction, trainees sit for the commercial driver’s license (CDL) test and, upon passage, complete their initial apprenticeship training with veteran Yellow drivers. When all driving qualifications are met, graduates will join Yellow’s team of 14,000 professional drivers.

“For anyone aspiring to a career that provides a good salary and full benefits that gets them on the open road and not behind a desk, trucking is a smart choice. Many of our drivers spend their entire careers with Yellow,” said Hawkins.

The U.S. trucking industry faces a shortage of drivers needed to keep pace with the high demand of goods ordered by consumers and manufacturers. According to the American Trucking Associations, the industry is currently 80,000 drivers short and will need another one million drivers over the next decade to replace those drivers who retire or exit the industry.

With the addition of Yellow Corporation’s Marietta, GA and Cincinnati, OH locations, Yellow has 16 established Driving Academies nationwide: Atlanta/Marietta GA, Charlotte NC, Chicago IL, Cincinnati OH, Cleveland OH, Denver CO, Fort Worth TX, Hagerstown MD, Indianapolis IN, Kansas City, KS, Memphis TN, Nashville TN, Pico Rivera, CA, Portland OR, Salt Lake City, UT and South Bend IN. The Company plans to open additional locations in 2022.

Yellow’s 16 Driving Academies are certified as Department of Labor apprenticeship programs. The Department of Labor apprenticeship program is designed to provide paid on the job training while workers train for a highly skilled job.

Learn more about the Yellow Driving Academy: https://www.myyellow.com/us/en/careers/driving-academy.

About Yellow Corporation
Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through its teams of experienced service professionals, Yellow Corporation offers industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. Yellow Corporation, whose principal office is in Nashville, Tenn., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company Yellow Logistics.

Please visit our website at www.myyellow.com for more information.

Media Contacts:        
Mike Kelley
913-696-6121
mike.kelley@myyellow.com

Heather Nauert
heather.nauert@myyellow.com

Investor Contact:        
Tony Carreño
913-696-6108
investor@myyellow.com

FAQ

What is Yellow Corporation's plan to address the driver shortage?

Yellow Corporation is adding two new Driving Academies to train 1,000 new drivers in 2022.

Where are the new Yellow Driving Academies located?

The new academies are located in Marietta, GA, and Cincinnati, OH.

What is the tuition cost for the Yellow Driving Academy programs?

The programs at Yellow Driving Academies are tuition-free for all participants.

How many Driving Academies does Yellow Corporation currently have?

With the new additions, Yellow Corporation now operates 16 Driving Academies nationwide.

What is the expected driver shortage in the U.S. trucking industry?

The U.S. trucking industry currently faces a shortage of about 80,000 drivers, projected to need one million new drivers in the next decade.