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.