Less-than-truckload provider Yellow Corp. (NASDAQ: YELL), formerly YRC Worldwide, announced Monday tonnage fell 5.5% year-over-year in February following a 2.5% increase in January. Revenue per hundredweight, or yield, was up 6.3% in February, significantly higher than the 1.8% increase in January.
The Overland Park, Kansas-based carrier’s tonnage reversal was largely due to severe winter storms, which impacted operations at 215 of the company’s 327 freight terminals. A press release said...
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