reports
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...
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 ...
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...
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...
Yellow Corporation Announces That the International Brotherhood of Tea...
Yellow Corporation Announces That the International Brotherhood of Teamsters Breach of the Collective Bargaining Agreement Caused Yellow’s Inability to Make Its Monthly Contribution to Central States Funds NASHVILLE, Tenn., July 19, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation announces that the leadership at the International Brotherhood of Teamsters (IBT) has publicly claimed that the union may lawfully strike Yellow Corporation (NASDAQ: YELL) over its failure to make its July contribution to Central States pension and health and welfare funds, but a strike would be anything but lawful, ...
Moody's downgrades Yellow Corporation's probability of default rating ...
Moody's Investors Service (Moody's) downgraded Yellow Corporation's ("Yellow") corporate family rating ("CFR") to Caa3 from Caa1, probability of default rating ("PDR") to Ca-PD from Caa1-PD and senior secured rating to Caa1 from B2. The outlook has been revised to negative from stable. The company's...
Yellow Corporation Files $137+ Million Lawsuit Against International B...
Yellow Corporation Files $137+ Million Lawsuit Against International Brotherhood of Teamsters, Alleging Breach of Contract in Blocking Efforts to Modernize Century-Old Company Union Leadership’s “Militant Approach” Risks Tens of Thousands of Jobs and Taxpayers’ Investment in Company NASHVILLE, Tenn., June 27, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL), the nation’s third largest less than truckload (LTL) carrier and fifth largest transportation company, has filed a complaint in the U.S. District Court for the District of Kansas against the International Brotherhood o...
Yellow Corporation Provides Quarter-To-Date Operating Data for Second ...
Yellow Corporation Provides Quarter-To-Date Operating Data for Second Quarter 2023 NASHVILLE, Tenn., June 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported certain operating metrics for the first two months of second quarter 2023. For Yellow less-than-truckload (LTL), the percent changes 2023 from 2022 were: Shipments per WorkdayWeight per ShipmentTonnage per WorkdayRevenue per Hundredweight(a)Revenue per Shipment(a)April(15.4)%(1.1)%(16.4)%(1.5)%(2.6)%May(13.8)%(2.9)%(16.3)%(3.8)%(6.6)%QTD(14.6)%(2.0)%(16.3)%(2.7)%(4.7)% (a) Includes fuel surcharge Excluding fuel...
Moody's downgrades Yellow Corporation's CFR to Caa1 on refinancing ris...
Moody's Investors Service (Moody's) downgraded Yellow Corporation's ("Yellow") corporate family rating ("CFR") to Caa1 from B3, probability of default rating to Caa1-PD from B3-PD and senior secured rating to B2 from B1. The outlook is stable. Moody's also downgraded the company's speculative grade ...
Yellow Corporation Reports First Quarter 2023 Results
Yellow Corporation Reports First Quarter 2023 Results NASHVILLE, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for the first quarter ended March 31, 2023. Operating revenue was $1.159 billion and operating loss was $9.3 million. In comparison, operating revenue in the first quarter of 2022 was $1.260 billion and operating income was $9.2 million, which included a $5.5 million net gain on property disposals. Net loss for first quarter 2023 was $54.6 million, or $1.06 per share, compared to net loss of $27.5 million, or $0.54 per share in the ...
Yellow Corporation Names New Board Member
Yellow Corporation Names New Board Member David Webber Adds Significant Governance and Shareholder Interest Experience NASHVILLE, Tenn., April 25, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) has appointed David H. Webber to its Board of Directors, effective April 20, 2023. Webber is a Professor of Law at Boston University and a highly respected academic with numerous scholarly articles published in the Harvard Business Law Review and the University of Chicago Business Law Review, among others. Webber is also the author of the critically acclaimed book, The Rise of the Wo...
Yellow Corporation Schedules First Quarter 2023 Earnings Conference Ca...
Yellow Corporation Schedules First Quarter 2023 Earnings Conference Call NASHVILLE, Tenn., April 13, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) announced today that on Wednesday, May 3, 2023, at 4:30 p.m. ET, company executives will host a conference call with the investment community to discuss first quarter 2023 results. The financial results will be released the same day, May 3, 2023, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website . About Yellow Corporation Yellow operates one of the largest...
Yellow Corporation Calls on International Brotherhood of Teamsters to ...
Yellow Corporation Calls on International Brotherhood of Teamsters to Allow Union Employees to Vote Nashville, Tenn., March 24, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) On March 23, 2023, the International Brotherhood of Teamsters (IBT) announced that it was cancelling a scheduled hearing that is vital to the future of our company and the jobs of Yellow Corporation’s more than 22,000 union employees. This is an unfortunate attempt to halt Yellow’s modernization efforts, known as One Yellow, which has been in the works and well-publicized since 2019. Our One Yellow mod...
Three Yellow Corporation Leaders Honored Among Women In Trucking’s “To...
Three Yellow Corporation Leaders Honored Among Women In Trucking’s “Top Women to Watch” Thirty-three Yellow professionals have been included on the exclusive, annual list since 2019. NASHVILLE, Tenn., March 14, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) is proud to announce that three of its freight professionals have been named among the Women In Trucking Association’s 85 “Top Women to Watch in Transportation” for 2023. Women In Trucking (WIT) selected these individuals based on their significant career accomplishments over the past 12 to 18 months, as well as their ef...
Yellow Corporation Provides Quarter-To-Date Operating Data for First Q...
Yellow Corporation Provides Quarter-To-Date Operating Data for First Quarter 2023 NASHVILLE, Tenn., March 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported certain operating metrics for the first two months of first quarter 2023. For Yellow less-than-truckload (LTL), the percent changes 2023 from 2022 were: Shipments per WorkdayWeight per ShipmentTonnage per WorkdayRevenue per Hundredweight(a)Revenue per Shipment(a)January(18.1)%1.1%(17.2)%12.9%14.2%February(2.5)%3.9%1.3%1.4%5.4%QTD(11.0)%2.3%(9.0)%7.5%10.0% (a) Includes fuel surcharge The year-over-year tonnage...
Yellow Corporation Recognizes Its 2022 Million Mile Drivers
Yellow Corporation Recognizes Its 2022 Million Mile Drivers Overall, 298 Yellow professional drivers achieved one million miles or more of safe driving last year. NASHVILLE, Tenn., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) is proud to congratulate its professional drivers who, in 2022, achieved the milestone of driving more than one million miles without a single preventable accident. In 2022, four Yellow drivers reached the four million mile safe-driving milestone, while 32 drivers surpassed three million miles. Overall, 298 Yellow drivers achieved a status o...
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