Yellow Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Darren D. Hawkins
- Full Time Employees
- 30,000
- Sector
- Industrials
- Industry
- Trucking
- Address
- 10990 Roe Avenue Overland Park KS United States of America 66211
- IPO Date
- Mar 17, 1980
- CIK
- 0000716006
- Website
- myyellow.com
- Similar Companies
- Business
- Yellow Corporation is a leading less-than-truckload (LTL) freight transportation company operating primarily in North America. The company offers comprehensive LTL services including regional, interregional, and national freight transportation; truckload brokerage; and logistics solutions through a network of terminals and service centers. Yellow operates a large fleet of trucks and trailers and serves major retail and industrial customers, providing supply chain services such as freight handling, warehousing, and distribution. Founded nearly 100 years ago and headquartered in Overland Park, Kansas, Yellow has been a significant player in the trucking and logistics industry. Recently, Yellow Corporation has undergone major strategic and operational changes due to financial restructuring under Chapter 11 bankruptcy protection initiated in August 2023. The company has settled claims with 14 multiemployer pension plans to reduce liabilities from $7.4 billion to less than $1.5 billion, aiming to minimize payouts and continue the bankruptcy process. Additionally, substantial asset divestitures have taken place, including the sale of 28 service centers to XPO Inc. for $870 million, approved by the bankruptcy court, and multiple terminals acquired by competitors such as Saia, Estes Express, R+L Carriers, and A. Duie Pyle, expanding these companies’ networks using former Yellow facilities. These transactions represent Yellow's efforts to streamline operations and manage liabilities while exiting the legacy asset-heavy business model. Yellow's recent changes reflect a shift from a full-service LTL carrier owning extensive physical assets toward a more asset-light structure amidst bankruptcy. The company has also focused on updating its fleet with significant truck orders, such as over 1,200 Peterbilt Model 579 trucks, signaling modernization efforts. Meanwhile, labor relations remain a critical issue given Yellow’s dependence on unionized labor. The company operates chiefly in the United States, with a service network extending across key regional and national freight corridors, serving diverse industry verticals including retail, manufacturing, and distribution. Overall, Yellow Corporation remains a historically important firm in the North American trucking and logistics sector, currently navigating major financial restructuring, asset sales, and operational realignment aimed at emerging from bankruptcy and redefining its service model for a competitive market environment. This includes leveraging strategic partnerships, asset divestiture, and ongoing fleet modernization as part of its recovery and transformation plan.
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