Stifel resumed coverage on Yellow Corporation with a new price target
$YELL
Trucking Freight/Courier Services
Industrials
Stifel resumed coverage of Yellow Corporation with a rating of Hold and set a new price target of $7.00
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Names Jamie Pierson as Permanent Chief Financial Officer and Welcomes New Chief Accounting Officer Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. Mr. Faught joins the Company from EVO Transportation where he served as CFO. Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Lo
NASHVILLE, Tenn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the second quarter ended June 30, 2023. Operating revenue was $1.127 billion and operating income was $38.9 million which included a $75.9 million gain on property disposals. In comparison, operating revenue in the second quarter of 2022 was $1.424 billion and operating income was $99.2 million which included a $3.2 million net gain on property disposals. Net loss for second quarter 2023 was $14.7 million, or $0.28 per share, compared to net income of $60.0 million, or $1.17 per share in the second quarter 2022. Following a substantial workforce reduction impacting all areas of the o
International Brotherhood of Teamsters Drives Nearly 100-Year-Old Company Out of Business 30,000 American Jobs Lost NASHVILLE, Tenn., Aug. 06, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) and certain of its direct and indirect subsidiaries (collectively, the "Company" or "Yellow") filed voluntary petitions for relief under Chapter 11 (the "Chapter 11 Cases") of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") for the Company's planned operational wind-down. To facilitate this process, the Company expects to enter into an agreement, setting forth the terms and conditions of a debtor-i
NASHVILLE, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the first quarter ended March 31, 2023. Operating revenue was $1.159 billion and operating loss was $9.3 million. In comparison, operating revenue in the first quarter of 2022 was $1.260 billion and operating income was $9.2 million, which included a $5.5 million net gain on property disposals. Net loss for first quarter 2023 was $54.6 million, or $1.06 per share, compared to net loss of $27.5 million, or $0.54 per share in the first quarter 2022. On a non-GAAP basis, the Company generated Adjusted EBITDA of $34.3 million in first quarter 2023 compared to $52.0 million in the prio
NASHVILLE, Tenn., April 13, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announced today that on Wednesday, May 3, 2023, at 4:30 p.m. ET, company executives will host a conference call with the investment community to discuss first quarter 2023 results. The financial results will be released the same day, May 3, 2023, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website www.myyellow.com. About Yellow Corporation Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping s
NASHVILLE, Tenn., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the fourth quarter and year ended December 31, 2022. Fourth quarter operating revenue was $1.200 billion and operating income was $40.3 million, which included a $28.2 million net gain on property disposals. In comparison, operating revenue in the fourth quarter of 2021 was $1.309 billion and operating income was $55.8 million. Net loss for fourth quarter 2022 was $15.5 million, or $0.30 per share. This compares to a net loss of $44.7 million, or $0.88 per share, in the fourth quarter of 2021, which included a $54.9 million or $1.08 per share non-cash, non-operating settlement loss r
Mr. Pierson joined Forward, having most recently served as Chief Financial Officer of MV Transportation, one of the nation's largest privately owned passenger transportation contracting companies in North America. Prior to joining MV Transportation, Mr. Pierson held various senior leadership positions, including Executive Vice President and Chief Financial Officer of Ecobat Technologies and YRC Worldwide, Inc. (NASDAQ:YRCW). Mr. Faught joins Forward, having most recently served as Chief Financial Officer of EVO Transportation. Prior to this role, Mr. Faught served as Chief Accounting Officer at Yellow Corporation (NASDAQ:YELL).
Rite Aid Corporation (NYSE:RAD) shares are trading higher Monday. The stock appears to be rebounding after falling more than 50% on Friday. What To Know: According to the Wall Street Journal, Rite Aid Corporation is reportedly preparing a bankruptcy filing amid a slew of lawsuits realted to the opiod crisis. RAD shares are moving on heavy trading volume. According to Benzinga Pro, more than 25.3 million shares have been traded in the session, compared to the stock's 100-day average of 5.223 million shares. Rite Aid shares have grabbed the attention of retail investors and short-sellers alike. RAD is currently a top trending ticker on Yahoo! Finance, and 16% of available shares are being
Wall Street Journal Mark Vs. Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ:META) is gearing up to launch a desktop version of its microblogging application, Threads. The anticipated web version seeks to address a significant request from its user base and comes as a notable upgrade to its rivalry against Elon Musk's X. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recently. Amazon Reenters External Shipping Fray, Eyeing FedEx And UPS Rivalry Amazon.com Inc (NASDAQ:AMZN) has reignited its external shipping service, Amazon Shipping, challenging its direct c
Names Jamie Pierson as Permanent Chief Financial Officer and Welcomes New Chief Accounting Officer Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. Mr. Faught joins the Company from EVO Transportation where he served as CFO. Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Lo
Nashville, Tenn., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announces the appointment of Annlea Rumfola as its new Chief Information Officer. She will oversee all information technology teams, systems, processes and support functions at Yellow, reporting directly to CEO Darren Hawkins. Rumfola will step into the CIO role on Jan. 3, 2023. Current CIO Jason Ringgenberg is retiring after serving in that position since 2017. Rumfola brings an extensive background in technology leadership from Cardinal Health Inc., where she most recently served as senior vice president of information technology for the health care company's medical segment. Her 30-year career
OVERLAND PARK, Kan., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Effective today, Yellow Corporation (NASDAQ:YELL) announces the appointment of Dan Olivier to the role of Chief Financial Officer. Olivier has served as Interim CFO since October 2020. He will maintain responsibility for corporate finance, treasury, investor relations, accounting, tax and risk management/internal audit functions at Yellow. "With more than 25 years at the Company, and half of those years at the VP level, consistency in Dan's leadership will allow a very seamless transition as he assumes the role of Chief Financial Officer," said Darren Hawkins, Yellow CEO. "On behalf of Yellow's executive leadership and board of direct
Stifel resumed coverage of Yellow Corporation with a rating of Hold and set a new price target of $7.00
Vertical Research initiated coverage of Yellow Corporation with a rating of Buy and set a new price target of $15.00