Yellow Corporation Archives - Page 2 of 2

Yellow logs February tonnage decline; LTL recovery appears intact

8 March 2021

Industrial data suggests LTL tonnage dip in February a blip

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...

https://s29755.pcdn.co/news/yellow-logs-february-tonnage-decline-ltl-recovery-appears-intact

Trucking boom prompts Old Dominion to add 1,200 drivers and dockworkers

4 March 2021

Citing “a strong economic recovery with robust freight demand,” less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) announced Thursday plans to add 800 drivers and more than 400 dockworkers and clerical personnel.

The Thomasville, North Carolina-based company said it was looking to add Class A CDL drivers over the next three months to meet growing demand. The plans include hiring 275 linehaul drivers, 260 pickup and delivery drivers and 100 team drivers. It will also add more...

https://s29755.pcdn.co/news/trucking-boom-prompts-old-dominion-to-add-1200-drivers-and-dockworkers

FreightWaves Haul of Fame: Jevic Transportation did well for a time…

2 March 2021

A Jevic Transportation tractor-trailer. (Photo: Gary Morton Collection)

Karen and Harry Muhlschlegel founded Jevic Transportation Inc. in 1981 in Delano, New Jersey. The name “Jevic” was a combination of the names of the three Muhlschlegel children. Founding a trucking company just one year after the trucking industry was deregulated was ambitious, but the gamble proved profitable.

Jevic Transportation enjoyed prosperity throughout the 1980s and the early 1990s. Unlike other less-than-truckload (LTL) carriers, Jevic rejected a traditional hub and spoke network and...

https://www.freightwaves.com/news/freightwaves-haul-of-fame:-jevic-transportation-did-well-for-a-time

The Daily Dash: Power index; Goodyear buys Cooper

23 February 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, we highlight the top 10 Biden appointees in the freight industry; a recall at Daimler; growth plans at Yellow Corp.; and big news in the tire industry.

Biden appointees with most freight power?

Sure, a list of the top politicos and government types in the industry will include the secretary of transportation. So step right up, Pete Buttigieg. But how about the other appointees by President Biden?...

https://s29755.pcdn.co/news/the-daily-dash:-power-index;-goodyear-buys-cooper

LTLs continue to issue general rate increases

15 February 2021

Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) announced a 4.9% general rate increase Monday for freight carried under various general tariff codes. The increase will be effective March 1.

The rate bump follows similar announcements from LTL carriers in recent weeks. The majority of the increases are in the 5% to 6% range, likely indicative of tightening LTL capacity and a rate-disciplined environment.

Saia’s (NASDAQ: SAIA) 5.9% rate increase began on Jan. 18 and logistics...

https://s29755.pcdn.co/news/ltls-continue-to-issue-general-rates-increases

Yellow, ABF drivers edge closer to long-term pension protection

10 February 2021

Legislation aimed at bailing out multiemployer pension funds in danger of failing — including the fund that holds pensions for tens of thousands of Yellow Corp. and ABF Freight drivers and their spouses — could finally make it into law under the latest COVID-19 relief measure.

The Butch Lewis Emergency Pension Plan Relief Act of 2021, legislation that the Ways & Means Committee in the U.S. House of Representatives is considering this week to include in a broader COVID-19 stimulus package, would...

https://www.freightwaves.com/news/yellow-abf-drivers-edge-closer-to-long-term-pension-protection

YRC Worldwide officially Yellow again; Q4 misses mark

4 February 2021

Less-than-truckload provider Yellow Corp., formerly YRC Worldwide (NASDAQ: YRCW), made it official Thursday after the market close. The company will operate under the Yellow banner again. Yellow will begin trading on the NASDAQ under the ticker “YELL” on Monday.

The Overland Park, Kansas-based company reported a net loss of 37 cents per share, worse than the consensus call for a 24-cent per share loss but 9 cents better than the prior-year result.

Yellow is the holding company for LTL brands...

https://www.freightwaves.com/news/yrc-worldwide-officially-yellow-again-q4-misses-mark

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