Volume declines continued for less-than-truckload carrier Yellow Corp. in May. After the market closed Thursday, the company reported a 17.2% year-over-year decline in tonnage during the month, which followed a similar drop in April. The declines are part of a plan to cull unwanted freight from the network and drive yields and margins higher.
On Yellow’s (NASDAQ: YELL) first-quarter earnings call, management said the tonnage declines had peaked in February, which saw a 27% year-over-year drop....
https://www.freightwaves.com/news/yellows-q2-volumes-fall-again-amid-network-overhaul