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.

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