Yellow Trims Losses: Best Quarter in Six Years

Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.

 


Yellow’s tonnage was down 20 percent, but revenue was up 5 percent to $1.26 billion, showing that Yellow has replaced less-profitable freight with better accounts.

Management announced they plan to close several more terminals this year as part of their “Super Regional” consolidation, which is starting with a major change of operations in the West.

Get Advice Join TDU Donate

Recent News

Webinar: Enforcing Heat Safety Rights at UPS

UPS Teamsters won new contract language protecting our right to work safely when temperatures rise. Register now for an online workshop on Sunday, June 1 to learn about heat safety rights under Article 18 of the contract and how to enforce them.

NJ Transit Engineers Are Ready to Strike

Rail Teamsters who work as Transit Locomotive Engineers at New Jersey Transit are preparing to strike if the carrier fails to deliver a fair contract by May 16. The engineers voted down a tentative agreement last month, with 87 percent voting no.

View More News Posts