Yellow Corporation Provides Quarter-To-Date Operating Data for First Quarter 2021

Rhea-AI Summary

Yellow Corporation (NASDAQ: YELL) reported operational metrics for January and February 2021, highlighting significant changes in its less-than-truckload (LTL) services. Key metrics include a 2.0% increase in shipments per workday in January, followed by a 4.8% decrease in February. The quarter-to-date (QTD) figures show an overall 1.4% decline in shipments per workday. Notably, February's performance was impacted by extreme winter weather affecting 215 terminals, with most returning to normal operations thereafter. Revenue per hundredweight and per shipment showed positive trends, increasing by 4.0% and 3.9% respectively.

Positive

• Revenue per hundredweight increased by 4.0%.
• Revenue per shipment increased by 3.9%.
• Most terminals affected by weather have returned to normal operations.

Negative

• Shipments per workday declined by 4.8% in February.
• Overall QTD shipments per workday decreased by 1.4%.
• February tonnage per workday decreased by 5.5%.

OVERLAND PARK, Kan., March 08, 2021 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported certain operating metrics for the first two months of first quarter 2021.

For Yellow less-than-truckload, the percent change 2021 from 2020:

	Shipments per Workday	Weight per Shipment	Tonnage per Workday	Revenue per Hundredweight(a)	Revenue per Shipment(a)
January	2.0%	0.5%	2.5%	1.8%	2.3%
February	-4.8%	-0.8%	-5.5%	6.3%	5.5%
QTD	-1.4%	-0.1%	-1.5%	4.0%	3.9%

(a) Includes fuel surcharge

The February operating data includes the impact from extreme winter weather that affected much of the United States. The impact to the Company included 215 terminals that were either closed or had limited operations for some period during February. Nearly all of the terminals impacted have returned to their normal operations.  

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 our 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, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics.

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

Investor Contact:		Tony Carreño
		913-696-6108
		investor@myyellow.com 
Media Contact:		Mike Kelley
		913-696-6121
		mike.kelley@myellow.com

SOURCE: Yellow Corporation

FAQ

What were Yellow Corporation's shipment changes in January 2021?

In January 2021, Yellow Corporation reported a 2.0% increase in shipments per workday.

How did February weather impact Yellow Corporation's operations?

Extreme winter weather affected 215 terminals in February, resulting in limited operations.

What was the tonnage change for Yellow Corporation in February 2021?

Tonnage per workday decreased by 5.5% in February 2021.

What are the revenue changes for Yellow Corporation in early 2021?

Yellow Corporation reported a 4.0% increase in revenue per hundredweight and a 3.9% increase in revenue per shipment.

What is the current status of Yellow Corporation's terminals affected by winter weather?

Most terminals affected by the winter weather in February have returned to their normal operations.