Less-than-truckload carrier Yellow Corp. announced tonnage declines for the first two months of the third quarter. The company saw tonnage per day decline 5.7% year-over-year in July, accelerating to down 8.5% in August.
Yellow’s (NASDAQ: YELL) volume declines were up against easier comps (-4.3% in July 2020 and -6.4% in August 2020) than its peers faced. Results for the rest of the group were compared to smaller declines in July 2020 with modest increases in August 2020.
During the third...
https://www.freightwaves.com/news/yellows-tonnage-trends-lag-peers-again