YRCW Yellow Corporation

Yellow Corporation Expands Registered Apprenticeship Program to Train American Workers for New Skilled Labor Careers

Yellow Corporation Expands Registered Apprenticeship Program to Train American Workers for New Skilled Labor Careers

Yellow is proud to partner with the U.S. Departments of Labor and Commerce.

Nashville, Tenn., Sept. 08, 2022 (GLOBE NEWSWIRE) -- At the White House, Yellow Corporation (NASDAQ: YELL) announced plans to expand its Registered Apprenticeship program to include new training initiatives for dockworkers and diesel mechanics. Nationwide and across industries, there is significant demand for these jobs, which are essential in delivering freight and sustaining U.S. supply chains.  

Yellow is an industry leader in the Department of Labor (DOL) apprenticeship program and, in July, was named a in recognition of its commitment to Registered Apprenticeship programs and its ongoing work to expand such initiatives. Yellow has partnered with the DOL on these programs for nearly five years. The company currently operates 22 permanent Driving Academies nationwide, all of which are DOL Registered Apprenticeship programs.

On Sept. 1, Yellow CEO Darren Hawkins announced that the company plans to launch apprenticeship training programs for professional dockworkers and mechanics. In a briefing led by U.S. Secretary of Labor Marty Walsh, U.S. Secretary of Commerce Gina Raimondo and First Lady Dr. Jill Biden, and attended by industry and trade leaders, Hawkins said, “The focus the Administration has placed on Apprenticeship Programs through the White House Trucking Action Plan is yielding important results, not only for Yellow, but other large and small carriers alike. We have reason to be optimistic about our efforts. Earlier this year we set a goal to train 1,000 new professional truck drivers at our Driving Academies in 2022, and we are well on our way to reaching that goal. We are excited to offer similar professional training programs for dock workers and mechanics, too,” Hawkins added. “I’m confident that by working with the DOL and industry partners, we can train the professionals America needs while offering men and women a path to a well-paid, reputable career.”

“By partnering with employers and industry stakeholders, the Apprenticeship Ambassador Initiative has produced commitments to create nearly 500 new Registered Apprenticeship programs,” said Secretary of Labor Marty Walsh . “These results will increase our skilled workforce – including people in underrepresented communities, especially women, people of color, veterans and people with disabilities – equipping them with good-paying, high-quality jobs and a pathway to the middle class.”  

Yellow’s Driving Academies are tuition-free for participants. Student apprentices are paid for their work throughout the program, and are trained and mentored by seasoned industry professionals and certified instructors.

“Yellow Corporation has been a strong partner in the Department of Labor’s work to champion Registered Apprenticeships as a valuable workforce strategy that expands access to underserved communities to high-demand industries, such as trucking,” Walsh said. “The success of Yellow’s CDL Driving Academy in producing some of the safest drivers on the road reflects the benefits of high-quality, earn-as-you-learn training that connects drivers to good jobs, and strengthens our nation’s supply chains.”

In August, Yellow opened its 22nd Driving Academy. The newest academy is in Albuquerque, N.M. Other Yellow Driving Academies are located in Atlanta, Charlotte, Chicago, Cincinnati, Cleveland, Columbus, Ohio, Denver, Detroit, Fort Worth, Texas, Hagerstown, Md., Harrisburg/Carlisle, Pa., Indianapolis, Kansas City, Maybrook, N.Y., Memphis, Nashville, Pico Rivera, Calif., Portland, Salt Lake City, South Bend, Ind., and Tracy, Calif. Learn more about Yellow’s Driving Academies at .

About Yellow Corp.

Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping services throughout. Backed by a team of over 30,000 transportation professionals, Yellow’s flexible supply chain solutions and best-in-class expertise ensure the safe, timely delivery of industrial, commercial, and retail goods for customers of all sizes. Yellow’s principal office is in Nashville, Tenn., and is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company .

To learn more about Yellow and our services, visit .

Media Contacts:Mike Kelley

913-696-6121

  
 Heather Nauert

  
Investor Contact:Tony Carreño

913-696-6108



EN
08/09/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Yellow Corporation

 PRESS RELEASE

Yellow Corporation Reports Second Quarter 2023 Results

Yellow Corporation Reports Second Quarter 2023 Results NASHVILLE, Tenn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for the second quarter ended June 30, 2023. Operating revenue was $1.127 billion and operating income was $38.9 million which included a $75.9 million gain on property disposals. In comparison, operating revenue in the second quarter of 2022 was $1.424 billion and operating income was $99.2 million which included a $3.2 million net gain on property disposals. Net loss for second quarter 2023 was $14.7 million, or $0.28 per share, co...

Moody's downgrades Yellow's PDR to D-PD following bankruptcy filing

Moody's Investors Service (Moody's) downgraded Yellow Corporation's ("Yellow") Probability of Default Rating ("PDR") to D-PD from Ca-PD. Moody's affirmed Yellow's Corporate Family Rating ("CFR") at Caa3 and senior secured term loan rating at Caa1. The outlook remains negative. There was no change to...

 PRESS RELEASE

Yellow Corporation Files Voluntary Chapter 11 Petitions

Yellow Corporation Files Voluntary Chapter 11 Petitions International Brotherhood of Teamsters Drives Nearly 100-Year-Old Company Out of Business 30,000 American Jobs Lost NASHVILLE, Tenn., Aug. 06, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) and certain of its direct and indirect subsidiaries (collectively, the “Company” or “Yellow”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for the Company’s ...

 PRESS RELEASE

Yellow Logistics, a Third-Party Logistics Broker and Subsidiary of Yel...

Yellow Logistics, a Third-Party Logistics Broker and Subsidiary of Yellow Corporation, Flourishes as Shippers and Vendors Turn to 3PL Logistics Providers NASHVILLE, Tenn., July 27, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) is exploring opportunities to divest its successful 3PL, Yellow Logistics, Inc., and is currently engaged with multiple interested parties regarding the sale of its independent Third-Party Logistics organization. The discussions are active and ongoing. Yellow Logistics is a customer-specific logistics solution provider that specializes in truckload, re...

 PRESS RELEASE

Yellow Corporation Response to U.S. District Court for the District of...

Yellow Corporation Response to U.S. District Court for the District of Kansas Ruling Company Intends to Continue Breach of Contract Case Against International Brotherhood of Teamsters in Federal Court NASHVILLE, Tenn., July 21, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) regrets that Senior Judge Julie A. Robinson of the U.S. District Court for the District of Kansas denied the Company’s motion on jurisdictional grounds. The Company, represented by Marc E. Kasowitz and Ron Rossi, partners at Kasowitz Benson Torres LLP, intends to appeal the ruling. The court, recognizing...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch