Yellow posts Q1 loss as costs jump

Yellow's new equipment to improve margin profile

On a call with analysts Wednesday, Yellow Corp. (NASDAQ: YELL) CEO Darren Hawkins said he was “not pleased” with the company’s first-quarter results, a net loss of $63.3 million, or $1.26 per share.

The report was well below analysts’ expectations, which called for a loss of roughly half the one the Overland Park, Kansas-based less-than-truckload carrier posted. It was also a reversal from the $4.3 million in net income, or 12 cents per share, the company recorded during the 2020 first quarter.

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https://www.freightwaves.com/news/yellow-posts-q1-loss-as-costs-jump

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